TAMPA, FL -- (Marketwire) -- 06/21/11 -- TTI Corp. (OTCBB: TTINE) announced today that the Company has filed its most recent 10Q late yesterday and will remain listed as an Over the Counter Bulletin Board (OTCBB) company. The 'E' designation at the end of the trading symbol should be removed by the end of this week.
'One of our goals for 2011 was to gain the OTCBB listing. We reached OTCBB status in late January and dealt with change of auditors in filing our annual report on a timely basis and accomplished that goal. Due to extenuating circumstances, we were unable to file our first quarter 10Q on a timely basis but as of yesterday have now done so. Remaining on the OTCBB and staying current and SEC compliant is of substantial help for us going forward with regard to financing options as well as our visibility throughout the investment community,' said Chris Trina, Chairman and CEO of TTI Corp. 'We worked diligently to keep SEC compliant and to have achieved this listing status and we aren't going get delisted.' Trina went on to state, 'I am working every possible angle every day to increase shareholder value in this company and will start to put news out regularly throughout this summer as some of these strategies are put into place. Settling the overhanging legal matters effectively and efficiently and remaining SEC compliant going forward are of utmost importance to me and I'm extremely grateful this latest filing is behind us now.'
About Transfer Technology International Corp
Transfer Technology International Corp. acquires, procures and/or funds research, intellectual property and technologies for commercial transfer to world-class business partners. The company generates revenue from transfer fees, licensing and strategic alliance fees and from the sale of intellectual properties. TTI also owns and operates two wholly-owned subsidiaries, Organic Products International and X-Terminate Inc. which specialize in the distribution of Eco-friendly organic products and low impact pest control and termite eradication services.
Disclaimer and Forward Looking Statements -- The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a 'forward-looking statement' within the meaning of Section 27A of The Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.
Chris A. Trina