Turbine Truck Engines Engages Leading Chinese Consulting Firm to Perform Due Diligence on Potential Acquisition Targets
Deland, Florida | April 13, 2010
Turbine Truck Engines, Inc. (TTE) (OTCBB: TTEG) In January 2010, TTE retained the services of CH-ina (Shanghai) Co., Ltd. (CH-ina), a strategic advisory firm which supplies support for corporations desiring to acquire factories or companies in China. CH-ina seeks to insure the long-term success of their clients by utilizing their unique knowledge, range of expertise, and implementation capabilities. The firm enjoys a reputation as a leader in its industry.
The securing of CH-ina's services by TTE follows the 2009 opening of an office in Taipei, Taiwan, to manage inquiries concerning M&A opportunities and the retention of Greenberg Traurig, LLP (www.gtlaw.com), an international, full-service law firm to assist in the management of M&A activities.
Speaking from Shanghai, Michael Rouse, TTE President and CEO, observed, "In our efforts to maximize shareholder value, we are exploring mergers with or acquisitions of enterprises whose value proposition, management team, and financial performance would enhance our current business model. To aid us in these efforts, we are aligning ourselves with recognized experts, and I am highly optimistic that our efforts will produce results which will benefit all of our stakeholders."
About CH-ina (Shanghai) Co., Ltd.
With 20 years experience and in-house professionals in research, legal, recruitment, tax/finance, IT/ERP and management, CH-ina is specialized in providing full lifecycle integrated solutions for successful China market entry. CH-ina's main services are company set ups, M&A support, turn-arounds, as well as on-going management and professional services for technology-based companies. CH-ina has served more than 120 firms in the last five years.
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 little or no 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.