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Tri-Vision reports third quarter results

14 February 2006

Tri-Vision International Ltd./Ltée (TSX:TVL) today announced its unaudited financial results for the three months ended December 31, 2005.

Tri-Vision reported financial information for the nine-month period ending December 31, 2005. During the nine-month period ending December 31, 2005, the Company achieved revenues of $5.400 million as compared to $6.127 million during the corresponding prior year period. Gross profit was $2.070 million compared with $2.538 million for the corresponding prior year period and net loss (after taxes) was $0.696 million as compared to a net loss (after taxes) of $0.234 million in the corresponding prior year period. For the nine-month period, loss per share was $0.012 compared with a loss per share of $0.004 in the corresponding prior year period.

Third Quarter 2006 Financial Information

Third quarter fiscal 2006 revenues were down slightly to $1.235 million compared to $1.393 million in the corresponding quarter of fiscal 2005.

Tri-Vision had a net loss of $0.615 million for the three-month period, compared to a net loss of $0.654 million for the corresponding period last year. Loss per share was $0.011 compared to a $0.011 for the same period in 2004.

Gross profit for the three-month period was down slightly to $0.272 million compared to $0.393 million in the corresponding quarter in fiscal 2005.

Selling, general, administrative and research and development expenses net of deferred product development, was $0.856 million in the three-month period compared to $0.884 million in the corresponding quarter of fiscal 2005.

Cash used in operating activities was $0.715 million for the three-month period compared to $0.389 million provided for in the corresponding period last year. Cash flow used in financing activities was $0.305 million for the three-month period compared to $0.452 million of cash provided for in the corresponding period last year.

The Company increased its cash position to $1.568 million from $1.218 million in the corresponding period last year. The Company had a net unrestricted cash balance and interest bearing deposits of $4.569 million as at December 31, 2005.

A very significant new focus for the Company has been development of Think Broadband Solutions Inc. Much time and effort has been spent to secure distribution agreements and restructure the sales and marketing strategy within Tri-Vision to ensure success. Think Broadband is a full stocking distributor of premium products and a value-added, service provider for cable, wireless and telecom industries in North America.

The new Division of Tri-Vision recently entered a Distribution Agreement with Scientific Atlanta to sell and distribute its products in Canada including the complete line of Scientific-Atlanta cable head-end RF and optical transmission equipment. In addition, Think Broadband Solutions Inc. signed an Agreement with Samsung Telecommunications America L.P. to market Samsung fiber optic cable and fiber optic cable accessories in Canada and entered into an Agreement with Andrew Corporation to offer Andrew Subscriber Access Cable products including CATV coaxial cable and connectors for sale in Canada.

"Revenues from our v-chip licensing remained fairly constant during this quarter as compared with the prior quarter. As we approach the FCC-mandated March 15, 2006 deadline, manufacturers will need to equip themselves with open v-chip. Tri-Vision's open v-chip is the only known, patented technology capable of accepting modified or new rating systems. We look forward to the revenue potential our U.S. v-chip licensing program has to offer as manufacturers comply with the law that takes effect next month. Royalties earned through our v-chip licensing program are expected to start to appear in our fiscal 2007 year which begins April 1, 2006," stated Khalid Usman, Chief Financial Officer.

Copies of the full interim financial statements as at and for the three and nine months ended December 31, 2005 are available for viewing at www.tri-vision.ca and will be filed with and available on the SEDAR website (www.sedar.com ) within 24 hours.

Tri-Vision continues to aggressively pursue licensing of its unique v-chip technology. It has communicated with over 100 manufacturers and held high-level meetings with many companies to explain the technology, provide detailed Patent information and discuss legal issues leading to the licensing of its intellectual property. Companies which have acquired V-chip licenses to date for Tri-Vision's Canadian Patent No. 2,179,474 and/or U.S. Patent No. 5,828,402 include: Sony, Hitachi, Sanyo, Philips, JVC, Matsushita, Sharp, Pioneer, Apex Digital, Samsung, LG Electronics, Funai, Orion, Toshiba, Eastech, Erae Electronics, Seiko Epson, Shenzhen KXD, Newlane, Xiamen, Konka, Optoma, Coretronic, ViewSonic, TTE, Syntax (Olevia), NEC and many others.

As part of the transition to a digital television broadcast system in the United States, the Federal Communications Commission (FCC) has mandated new rules to ensure that the V-chip can be modified in all digital television receiver products. Tri-Vision's open V-chip is the only known, patented technology capable of accepting modified or new rating systems. The FCC rules, which include a transition period, became effective on November 4, 2004 and as a result all digital television receiver products must include open V-chip by March 15, 2006.

About Tri-Vision (www.tri-vision.ca):

Tri-Vision International Ltd./Ltée is a public company founded in 1986. The Company trades on Canada's Toronto Stock Exchange under the symbol TVL. It has two wholly owned subsidiaries:

Tri-Vision Electronics Inc. - Owns the sole rights to U.S. V-chip

Patent No. 5,828,402 and Canadian V-chip Patent No. 2,179,474 and

licenses V-chip globally. This subsidiary also markets Data Video

Distribution System, Secure Pay TV, Addressable Pay TV (pay per

view), Hotel Pay TV and Cable TV equipment worldwide.

Think Broadband Solutions Inc. - Authorized Canadian Distributor to

Canada's broadband industry for Scientific Atlanta, Andrew Corp. and

Samsung specializes in in-country equipment sales and supply,

logistical support, niche product design and development, in-house

and offshore manufacturing capabilities, and equipment repair and

refurbishment (www.thinkbroadband.ca).

The Toronto Stock Exchange has not reviewed and does not approve

or disapprove of the adequacy or accuracy of this release.

%SEDAR: 00004162E

For further information: For investor or media information, contact John Carswell, Century Communications Corporation toll free at 1-888-298-8551. To find out more about Tri-Vision International Ltd. (TSX:TVL), visit our website at www.tri-vision.ca.

Source: newswire