Bellevue, WA -- August 18, 2015 -- InvestorsHub
NewsWire -- Turbine Truck Engines, Inc. ("TTE") (OTCQB:TTEG) and OTC Markets
Group Inc. (OTCQX:OTCM), 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.
Safe Harbor
This announcement may contain forward-looking statements made in
reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements,
among others, relating to our future capital requirements,
including our expected liquidity position and timing of the receipt
of certain milestone payments, and the sufficiency of our current
assets to meet these requirements, our future results of
operations, and our plans, objectives, expectations and
intentions.
Statements in this press release that are not descriptions of
historical facts are forward-looking statements that are based on
managements current expectations and assumptions and are subject to
risks and uncertainties. In some cases, you can identify
forward-looking statements by terminology including anticipates,
believes, can, continue, could, estimates, expects, intends, may,
plans, potential, predicts, should, will, would or the negative of
these terms or other comparable terminology.
The forward-looking statements regarding future events and
circumstances discussed in this press release may not occur, and
actual results could differ materially and adversely from those
anticipated or implied in the forward-looking statements. You
should not rely upon forward-looking statements as predictions of
future events. The forward-looking statements included in this
presentation speak only as of the date hereof, and, except as
required by law, we undertake no obligation to update publicly or
privately any forward-looking statements for any reason after the
date of this presentation to conform these statements to actual
results or to changes in our expectations
Contact:
Chris David
Turbine Truck Engines
President-Director
(206) 617-9797
cdavid@ttengines.com
