Trimol Group, Inc. (OTCBB: TMOL) announced today that a pending arbitration proceeding in the Republic of Moldova which was initiated by the Government of Moldova against Intercomsoft Ltd. (?Intercomsoft?), the Company's wholly owned subsidiary, has been dismissed, without prejudice.

The proceeding in Moldova entitled ?Ministry of Economics of the Republic of Moldova, Ministry of Internal Affairs of the Republic of Moldova, Ministry of Information Development of the Republic of Moldova and State Enterprise ?REGISTRU? of the Republic of Moldova vs Intercomsoft, Ltd.? involved substantially the same claims which are the subject of a pending lawsuit initiated by Intercomsoft in Switzerland against the Government of Moldova (the ?Swiss Legal Proceeding?) for numerous breaches of the Contract on Leasing Equipment and Licensing Technology awarded to Intercomsoft in April 1996 by the Government of the Republic of Moldova (the ?Supply Agreement?). Pursuant to the Supply Agreement, Intercomsoft provided the Government of Moldova with all of the equipment, technology, software, materials and consumables necessary for the production of all national passports, drivers' licenses, vehicle permits, identification cards and other government authorized identification documents during the ten year term of the contract.

In the Swiss Legal Proceeding, the Swiss court accepted jurisdiction of Intercomsoft's lawsuit which seeks damages against the Government of Moldova in the amount of $41 million, plus interest, on the basis of various alleged breaches of the Supply Agreement. In connection with this proceeding, the Swiss court also granted Intercomsoft's request to establish an ad hoc arbitration panel to hear the merits of Intercomsoft's claims against Moldova. The Government of Moldova failed to appear in such action and is currently in default with respect to its rights to appoint one of the three members of the ad hoc arbitration panel established by the Swiss court. Two of the members of the arbitration panel have been appointed and the appointment of the third member is expected shortly.

?The Company will continue to vigorously pursue its substantial claims against the Government of Moldova, which, without justification or explanation, failed to comply with a number of its contractual obligations to Intercomsoft,? stated Jack Braverman, Chief Financial Officer of Trimol. ?It is surprising and disconcerting that a foreign government of an emerging country such as Moldova would send a message to investors and the international financial community that they will not honor their contractual commitments,? continued Mr. Braverman.

As a dedicated long-standing and reliable supplier to Moldova, Intercomsoft invested substantial sums in Moldova to establish, install, maintain and operate the equipment and provide all of the materials and consumables used to produce Moldova's passports, national identification cards, drivers' licenses, and other essential government documents. The Government of Moldova continues to operate such equipment in contravention of its contractual obligations. ?We are surprised that the Government of Moldova would so brazenly dishonor its payment obligations under a government contract while continuing to use proprietary technology and equipment of a corporate vendor in blatant disregard of its contractual obligations,? stated Mr. Braverman.

Additional information with respect to this matter is available in the Company's Report on Form 8-K filed with the Securities and Exchange Commission on July 27, 2010.

Forward Looking Statements

This press release contains forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected.

Trimol Group, Inc.
Jack Braverman, Chief Financial Officer
1221 Avenue of the Americas, Suite 4200
New York, NY 10020
212-554-4394