Trintech Group Plc, the Irish provider of financial software and services specializing in reconciliation workflow, revenue enhancement, transaction risk management, and compliance for commercial, financial, and healthcare markets, today announced second quarter revenues of $8.9 million, an Adjusted EBITDA (Earnings before interest, taxes, depreciation and amortization)  loss of $226,000 and a net loss for the quarter of $1.0 million.

Highlights:

• Revenue amounted to $8.9 million compared to $6.0 million in Q2 last year, representing 48 percent growth.

• Gross margin amounted to $6.0 million in Q2, representing 68% of revenue, compared to $4.6 million and 76% in Q2 last year. The fall in gross margin percentage was primarily due to lower margins from the healthcare business acquired in the fourth quarter of fiscal 2007.

• Trintech has increased expenditure in research and development from $1.1 million in Q2 last year to $1.3 million in the same quarter this year. The increase was primarily due to the inclusion of costs related to the healthcare business.

• Trintech has also increased expenditure quarter on quarter in sales and marketing from $1.8 million in Q2 last year to $3.0 million in the same quarter this year. The increase was primarily due to the inclusion of costs related to the healthcare business and increased investment in growing the sales and distribution network for Trintech’s reconciliation products both in the USA and internationally.

• Trintech increased expenditure in general and administrative from $1.9 million in Q2 last year to $2.7 million in the same quarter this year. The increase was primarily due to the inclusion of costs related to the healthcare business and higher accounting, legal and compliance costs in Q2 this year.

• Trintech incurred an Adjusted EBITDA loss of $226,000 for Q2 compared to an Adjusted EBITDA loss of $974,000 for the corresponding period last year.

• Combined basic and diluted net loss per equivalent ADS for the quarter ended July 31, 2007 was $0.07, compared with a basic and diluted net loss per equivalent ADS of $0.14 for the quarter ended July 31, 2006.

• Following the sale of its payments systems business to VeriFone Holdings Inc. in the third quarter of fiscal 2007, Trintech is required to present its financial results on a continuing and discontinued basis.

Cyril McGuire, Chairman & Chief Executive Officer said, “Trintech’s performance in Q2 was solid with a strong growth of 48% in sales revenue compared to Q2 last year. We are continuing to invest in new products and markets as we position Trintech for broader market adoption especially in new growth markets of Financial Services and Healthcare. Management is focused on organic growth opportunities and synergistic accretive acquisitions in our sector to accelerate revenue and profitability growth.”

Paul Byrne, President, added, “Our strong year over year growth of 48% in revenue primarily driven by organic growth, reflects the success of the investments we have made, and will continue to make, in our sales force and marketing campaigns to generate demand for our products and services. We expect this investment across all product lines to drive sufficient revenue growth to return Trintech to EBITDA profitability for the second half of the current fiscal year. We continue to seek further partnership opportunities to expand our distribution channels and geographic reach.”