BELLEVUE, Wash., Aug. 18, 2015 /PRNewswire/ -- Turbine Truck Engines, Inc. (the "Company" or "TTE") (OTCQB: TTEG) and OTC Markets Group Inc., operator of financial markets for 10,000 U.S. and global securities, are very pleased to announce that after a year-long process of implementing stringent new standards and qualifications for companies listed on the OTCQB Venture Market ("OTCQB") nearly 1,000 U.S. and international companies, including Turbine Truck Engines, have successfully been verified and approved for trading on the regulated OTCQB while over 2,000 companies have been recently removed from the OTCQB for failure to meet OTCQB's new certification, verification and transparency standards.
Enzo Cirillo, TTE Interim CEO and Board Chairman states, "TTE applauds OTC Markets Group for this recent compliance, transparency and verification initiative designed to assist investors to make better informed investment decisions. That TTE has met the OTCQB market standards should further provide investors increased confidence TTE is engaged in distinguishing our company to the public markets."
R. Cromwell Coulson, President and CEO of OTC Markets Group, states, "The introduction of our OTCQB standards and eligibility requirements has truly transformed OTCQB into a better regulated, more transparent, world-leading public venture market for developing companies that have made the important choice to improve the trading and information experience for investors. We have removed more than 2,000 companies from OTCQB for failing to meet our OTCQB standards either because they did not pass our minimum bid price test, were delinquent in their financial filings, bankrupt, unwilling to provide background information about company officers, directors and shares outstanding or for other compliance reasons."
About Turbine Truck Engines
Turbine Truck Engines, Inc. is a clean-air technology company dedicated to identifying, developing and commercializing important scientific innovations designed to enhance both environmental conservation and cost savings in how the world produces and consumes energy. For more information concerning Turbine Truck Engines, Inc., please visit www.ttengines.com.
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SOURCE Turbine Truck Engines, Inc.