TTE Added to OTCQB Venture Index Performance Benchmark
Bellevue, WA | October 26, 2015
Bellevue, WA. - (NewMediaWire) - October 26, 2015 - Turbine Truck Engines, Inc. (OTCQB:TTEG) is very pleased to announce it has been added to the OTC Markets Group OTCQB Venture Index Performance Benchmark as a result of OTC Market Group's Third Quarter 2015 performance and quarterly index rebalancing as announced by OTC Markets Group’s on October 20, 2015, press release.
The OTCQB Venture Index is designed as a benchmark for tracking the overall performance of the OTCQB marketplace and serves primarily as a performance benchmark for investors in OTCQB securities while also highlighting and further enhancing visibility for those securities posted to the OTCQB Venture Index. Under the 3rd quarter 2015 OTCQB Venture Index rebalancing, 124 companies were added to and 155 companies were removed from the OTCQB Venture Index.
Over the last 24 months, the OTC Markets Group, operator of financial markets for 10,000 U.S. and global securities, has implemented stringent new standards and qualifications for companies listed on its top two electronically quoted and traded marketplaces, OTCQX and OTCQB. Specific to the OTCQB, nearly 1,000 U.S. and international companies, including Turbine Truck Engines, have been successfully 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 OTC Market Group's stringent certification, verification and transparency standards.
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 consumes energy. For more information concerning Turbine Truck Engines, Inc., please visit www.ttengines.com.
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. Because these statements apply to future events, they are subject to risks and uncertainties. When used in this announcement, the words "anticipate", "believe", "estimate", "expect", "expectation", "goal", "should", "would", "project", "plan", "predict", "intend", "target" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to us and are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, expected liquidity or achievements to differ materially from those projected in, or implied by, these forward-looking statements. Factors that may cause such a difference include, without limitation, our need for substantial additional financing and the availability and terms of any such financing, ability to comply with ongoing governmental regulation, our ability to commercialize, manufacture and achieve market acceptance of any of our product candidates, for which we rely heavily on collaboration with third parties, and our ability to protect and enforce our intellectual property rights and to operate without infringing upon the proprietary rights of third parties, and general market trends and conditions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance or achievements and no assurance can be given that the actual results will be consistent with these forward-looking statements.
We do not intend to update any of the forward-looking statements after the date of this announcement to conform these statements to actual results, to changes in management's expectations or otherwise, except as may be required by law.
Turbine Truck Engines, Inc.
President - Directors
TEL: (206) 617-9797