TreeCon Resources, Inc. Reports First Quarter Results

LUFKIN, Texas, April 13  /PRNewswire-FirstCall/ -- TreeCon Resources, Inc. (OTC Pink Sheets: TCRS) today reported its results for the first quarter of fiscal 2007.  TreeCon Resources is making available certain financial information regarding the Company's financial performance.  The financial information covering the three months ended December 31, 2006 contained in this release is unaudited and has not been reviewed by the Company's auditors. TreeCon Resources, formerly known as Overhill Corporation, is a holding company that, through its subsidiaries, distributes, leases and provides financing for industrial and logging equipment and is also engaged in sawmill operations.

Net revenues for the first quarter of 2007 (the 3 months ended December 31, 2006) were $10,537,424, a decrease of $2,230,914 from the $12,768,338 recorded in the quarter ended December 31, 2005.  Gross Profit for the first quarter of fiscal 2007 was $2,502,624, a decrease of $182,274 from $2,684,898 for the first quarter of fiscal 2006.  Operating income for the quarter was $873,287, a decrease of $152,495 from the $1,025,782 for the first fiscal quarter of 2006.  Net Income for the quarter ended December 31, 2006 was $637,337, or $0.034 per share versus $795,521 or $0.043 per share for the quarter ended December 31, 2005.

After the quarter, the Company adopted a nonstatutory stock option plan which authorized 3,000,000 shares of common stock to be optioned and sold to employees and consultants of the Company and its subsidiaries.  This plan is currently the only active option plan for the Company.  In February 2007, the Board of Directors granted 900,000 options under this plan.

The company will be posting this release and year-end balance sheet information on its website at http://www.treeconresources.com/

This release contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and intended to enjoy the protection of the safe harbor for forward-looking statements provided by that Act.  TreeCon Resources, Inc. disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.  These forward-looking statements are subject to risks, uncertainties and other factors, including, the cost of goods, competitive pressures, inflation, consumer spending patterns and debt levels, trade restrictions, changes in tariff and freight rates, weather conditions, changes in gasoline, diesel fuel and other energy costs, labor costs, health care costs and accident costs, interest rate fluctuations and other capital market conditions and other risks.  We urge you to consider all of these risks, uncertainties and other factors carefully in evaluating the forward- looking statements contained in this release.  As a result of these matters, including changes in facts, assumptions not being realized or other circumstances, our actual results may differ materially from historical results or from anticipated results implied in the forward-looking statements contained in this release.  These forward-looking statements are made only as of the date of this report and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances. 

DATASOURCE: TreeCon Resources, Inc.



CONTACT:  Mike Boatman, [phone], for TreeCon Resources, Inc.



Web site:  http://www.treeconresources.com/ 

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