Message #21 From:
Stock News Bot Date: November 22, 2006 10:52:00 AM
GFCI News Tree Top Industries, Inc. Announces Letter of Intent with Coil Tubing Technology, Inc. to Create New Wholly Owned Subsidiary
LAS VEGAS--(BUSINESS WIRE)--Tree Top Industries, Inc. (OTCBB: TTII) announced today that it was
forming a new wholly owned subsidiary to be called “Coil
Tubing Technology Group, Inc.” as the first
step in completing the terms of a Letter of Intent (“LOI”)
with Coil Tubing Technology, Inc. (“CTBG.PK”)
to enter into a share exchange. The LOI was executed on November 21,
2006 between TTII, CTBG and Grifco International, Inc. (GFCI.PK).
The details of the LOI are being reviewed by counsel and auditors of the
respective parties. Further details concerning the LOI will be released
following this review.
Safe Harbor Act
The statements contained in this release and statements that the
companies may make orally in connection with this release are not
historical fact and are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Actual results may
differ materially from those forward-looking statements, as such
statements involve risks and uncertainties that could significantly
impact the company's business and the actual outcome and results may
differ materially.
