WESLEY CHAPEL, Fla., Sept. 22, 2011 /PRNewswire/ -- TTI Corp. (Bulletin Board: TTIN.BB) announced today that it has successfully filed its 10QA in XBLR format as required by the SEC for BB listed companies and higher to stay fully compliant; and settles a major legal judgment.
Chris Trina, Chairman and CEO stated, "One of our goals for 2011 was to remain fully SEC compliant and current in our financial filings as a bulletin board listed company. I'm not sure if the average investor or shareholder understands the time and money involved with auditors, accountants and lawyers to remain a listed and viable BB company but it's not cheap and many small companies have either fallen into the non-reporting pink sheet market or have completely went bankrupt. My goal as CEO is to make sure neither of the above happens to TTI Corp. Investors reach out to me on a daily basis asking what am I doing as CEO and how are things at TTI Corp.? I assure them that I am fighting the good fight to stay afloat in an amazingly difficult economy and market and also staying extremely busy in doing what it takes to stay current in our SEC filings and in settling our outstanding legal overhang issues as well. The proof is the pudding that we are getting results in those critical areas."
Trina also stated, "Yesterday I reached an agreement to settle another legal matter with one of our outstanding judgments against TTI Corp. The details and terms of this agreement are confidential for another week or two but I am pleased with these terms overall and very excited to have the second legal settlement completed in the last couple of months." Trina went on to say, "I have been approached numerous times this year by new investors and M&A groups but after performing due diligence everybody tells me the same exact thing, get the legal matters settled first or we can't touch your company. As CEO it's my job to increase shareholder value however possible so I am full time with these legal settlements right now and continuing to run our pest control business which continues to generate nice sales and has allowed TTI Corp. to stay the course."
Transfer Technology International Corp. acquires, procures and/or funds research, intellectual property and technologies for commercial transfer to world-class business partners. The company intends to generate 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, www.opitampa.com and X-Terminate Inc., www.xterminateinc.com which specialize in the distribution of Eco-friendly organic products and low impact pest control 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, CEO
SOURCE Transfer Technology International Corp.