Triant Collects U.S. $230,520 Trade Account Receivable

    VANCOUVER, Feb. 19 /CNW/ - Triant Holdings Inc. (TSX-V (NEX Board):
TNT.H) reports that the full amount of its U.S. $230,520 trade account
receivable has now been collected.
    The directors of Triant intend to declare a liquidating distribution to
shareholders as soon as practicable, subsequent to which the Company will be
    The management of Triant currently estimates the intended liquidating
distribution to be in the range of approximately $0.20 cash per common share.
To the extent that the Company's other cash receipts, expenses, liabilities
and obligations are different from estimates, or if any unforeseen obligations
arise, the actual amount distributed to the shareholders of Triant may be
lower than the estimates.
    The Company is currently in the process of completing the dissolution and
liquidation procedures for its Korean and Canadian subsidiaries, including
statutory filings, which are estimated to be completed in approximately three

    About Triant

    Additional information relating to Triant, including Triant's AIF (Form
51-102F2 Annual Information Form) dated March 30, 2008, is available on SEDAR

    Forward-looking statements

    This news release contains forward-looking statements about Triant and
its business. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by the words
"expects," "anticipates," "believes," "intends," "estimates," "projects" and
similar expressions, or that events or conditions "would," "may," "could" or
"should" occur. Forward-looking statements are based on the beliefs, opinions
and expectations of Triant's Management at the time they are made, and Triant
does not assume any obligation to update its forward-looking statements if
those beliefs, opinions or expectations, or other circumstances, should
change. Readers should not place undue reliance on forward-looking statements.
The forward-looking statements in this news release are subject to various
risks, uncertainties and other factors that could cause Triant's actual
results or achievements to differ materially from those expressed in or
implied by forward-looking statements. These risks, uncertainties and other
factors include, without limitation: the actual amount of the liquidating
distribution to shareholders of the Company, which will depend on various
factors, such as the actual collection of remaining receivables; the actual
amount of the Company's expenses, liabilities and obligations as finally
determined in the course of liquidating the Company and its subsidiaries; and
upon the reserves established for further or unanticipated liabilities and

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00023157E

For further information:

For further information: CONTACTS: Robert Heath, President & CEO, Mark
Stephens, CFO & Corporate Secretary, Triant Holdings Inc., (250) 616-6016 or

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