SOURCE: Transfer Technology International

August 04, 2008 11:50 ET

Transfer Technology International Appoints First Ever Director of Scientific Advisory Board

TAMPA, FL--(Marketwire - August 4, 2008) - Transfer Technology International Corp. (PINKSHEETS: TTIN), a Delaware corporation, today signed an agreement appointing Ms. Valerie Landrio McDevitt as the Director of the Scientific Advisory Board. Ms. McDevitt comes to TTI with an extremely strong background and track record in the technology transfer arena. Ms. McDevitt is currently the Director of the technology transfer program at the University of South Florida. During her seven year tenure at USF there has been significant improvement and advancement in licensing, revenue and commercialization of early stage technology.

Ms. McDevitt has a graduate degree in chemistry, is a registered patent attorney, and a certified licensing professional. Recently appointed by Governor Crist to the Task Force for the study of Biotech Competitiveness, her background also includes tenure at Bausch and Lomb Pharmaceuticals as a patent attorney and research scientist and a distinguished Congressional Fellowship.

Christoph A. Trina, Chairman and CEO, states, "Having the talent, knowledge and expertise of Ms. McDevitt's caliber joining our team and who has accomplished so much for my alma mater at USF is not only an honor but also brings additional credibility and visibility to our company. The corporate goal alongside of Valerie's role is to build a talented advisory team around her as soon as possible. She has the relationships, experience and energy to build our advisory board to be one of the strongest in our marketplace. I truly believe Valerie and her ultimate advisory board team will make our company a major player in the ever growing technology transfer market."

Ms. McDevitt states, "I look forward to hitting the ground running with the scientific advisory board by quickly making a few key additions to round out the group and include some critical expertise and experience. This group and the area of technology transfer has tremendous potential -- I couldn't pass up the opportunity to join the team and help them advance their current technologies as well as acquire additional high potential projects."

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About Transfer Technology International Corp. (PINKSHEETS: TTIN)

The company was formulated on the premise of acquiring, procuring and funding of current technologies, research and intellectual properties for the transference of these technologies for commercialization. We anticipate generating revenue from a variety of methods including transfer fees, licensing and strategic alliance fees and the sale of intellectual properties.

Disclaimer and Forward-Looking Statements -- The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of The Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.

Contact Information

  • Contact for Investors:
    Mr. Christoph A. Trina
    Chairman and CEO