Press Release: Tri-National Development Corp.
July 12, 2002
SAN DIEGO, CA -- Tri-National Development Corp. (OTCBB:TNAVQ), states that on July 9, 2002, Senior Care Industries
Inc. ("Senior Care"), (OTCBB:SENC), issued a press release describing Senior Care's attorney's alleged
efforts to demand from Tri-National Development Corp. ("TND") a retraction of TND's July 1, 2002 press
release regarding Senior Care's claims of "equitable" ownership of TND's real properties in Mexico and
litigation of those claims.
All of the statements made by TND in its July 1, 2002 press release are supported by established fact and/or law.
TND will issue "no retraction."
Unfortunately, in describing its counsel's allegation that TND's July 1, 2002 press release was retaliatory in
nature, Senior Care made two new false statements that require immediate correction: 1) that the United States
Bankruptcy Court, Southern District of California ("Court") issued a ruling denying TND's motion for
summary adjudication of Senior Care's claims of "equitable" ownership of TND's Mexican properties; and
2) that the Court rejected TND's arguments in support of the aforementioned motion. In fact, as stated in TND's
July 1, 2002 press release, and as confirmed by a review of the Court's case file (Case No. 01-109640H11, Adversary
Proceeding No. 01-90573-JH), which is available for public inspection, it shows that the Court issued a memorandum
decision stating the Court's opinion, that its limited jurisdiction does not extend to the subject litigation,
and therefore the Court is without authority to decide TND's motion for summary adjudication or TND's arguments
in support thereof. In other words, the court has not yet addressed the merits of the litigation.
Tri-National Development Corp. is an international real estate development, sales and management company.
This release contains forward-looking statements that involve risks and uncertainties. The company's actual results
could differ materially from those anticipated in these forward-looking statements as a result of various factors.
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Contact:
Tri-National Development Corp., San Diego
Jason Sunstein, 858/547-4214
Fax: 858/547-4219
jason@tri-national.com
www.tri-national.com