Turbine Truck Engines Retires All Derivative Liability Debt
Paisley, Florida | February 27, 2014
Turbine Truck Engines, Inc. ("TTE") (OTCBB: TTEG) (OTCQB: TTEG) is very pleased to announce it has recently retired all convertible promissory notes originally issued to JMJ Financial in April 2012. Combined with TTE's announcement In September 2013 of having retired all convertible notes issued to Asher Enterprises, TTE has now removed all derivative liability debt from its balance sheet.
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About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is 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 consumes energy. In addition to the HPBS, Turbine Truck Engines also holds the exclusive license to develop, commercialize, manufacture, market, and distribute the Detonation Cycle Gas Turbine (DCGT) engine worldwide. For more information concerning Turbine Truck Engines, Inc., please visit www.ttengines.com.
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.
Turbine Truck Engines, Inc.