Turbine Truck Engines Retains Services of Greenberg Traurig, LLP, for Potential Cross Border Mergers and Acquisitions
DeLand, Florida | November 19, 2009
Turbine Truck Engines, Inc. (TTE) (OTCBB: TTEG) is pleased to announce that it has retained the services of Greenberg Traurig, LLP, as legal counsel regarding potential mergers and acquisitions on the Pacific Rim. TTE has recently opened an office in Taipei, Taiwan, to manage inquiries concerning M&A opportunities.
Michael Rouse, TTE's President and CEO, is currently in China to meet with interested parties, and he commented, "As we continue the development of the Detonation Cycle Gas Turbine engine, we want to configure TTE in ways that most effectively capitalize on the technology and maximize shareholder value. In pursuit of these objectives, we will explore mergers with or acquisitions of enterprises whose value proposition, management team, and financial performance would enhance our current business model. Greenberg Traurig has the experience and expertise to guide us through the challenging legal processes which attend cross border business relationships, and we are very pleased to have a firm of their caliber working with us."
About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, full-service law firm with approximately 1750 attorneys serving clients from more than 30 offices in the United States, Europe and Asia. In the U.S., the firm has more offices than any other among the Top 20 on The National Law Journal's 2008 NLJ 250. In the U.K., the firm operates as Greenberg Traurig Maher LLP. Additionally, Greenberg Traurig has strategic alliances with the following independent law firms: Studio Santa Maria in Milan and Rome, TA Lawyers GKJ in Tokyo, and Weber Law Office in Zurich. The firm was Chambers and Partners' USA Law Firm of the Year in 2007 and among the Top 3 in the International Law Firm of the Year at the 2009 The Lawyer Awards. For additional information, please visit www.gtlaw.com.
About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is a technology company focused on the development, manufacture and testing of its New Energy and Environmentally Efficient Truck Engine intended for mass market distribution in the United States and abroad. The new engine can utilize any known fuel source (gasoline, diesel, propane, natural gas, hydrogen, methanol, ethanol or LPG) or fuel mixture, yet needs zero coolant, lube oil, filters, or pumps. Its unique, lightweight turbine design has few moving parts, significantly reducing maintenance costs. The innovative cyclic detonation process produces a complete combustion of fuel-oxidizer mixtures, resulting in greater fuel economy and fewer harmful exhaust emissions. For more information concerning Turbine Truck Engines, Inc., visit www.ttengines.com.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance, development and results of the company's business include, but are not limited to, fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services, and pricing, general market trends and conditions, and other risks detailed in the company's SEC reports.