SOURCE: Transfer Technology International Corp.

Transfer Technology International Corp.

April 12, 2010 08:30 ET

Transfer Technology Launches New Subsidiary and Enters Eco-Friendly Full Service Pest Control Business

TAMPA, FL--(Marketwire - April 12, 2010) -  (PINKSHEETS: TTIN) TTI Corp. announces the formal launch of its second wholly owned subsidiary, X-Terminate, Inc., a fully state licensed and full service pest control operation based in St. Petersburg, Fl.

Chris Trina, Chairman and CEO states, "To better service the huge demand of Integrated Pest Management protocol utilizing more low impact and eco-friendly pest control alternatives, especially in the termite eradication arena, we've decided to launch our own pest control division. We have modeled this operation from many hugely successful operations in the state of California and performed extreme due diligence on how to go about this business in our own state. The state of Florida suffers the worst termite infestation in the country and therefore suffers the worst home and building damage as well. We opened X-Terminate specifically to become the anti-fumigation termite service whereby we provide the best known alternative to tenting and the usage of extremely dangerous toxic fumigants. Known as XT-2000 orange oil, an EPA labeled and registered pesticide, this product allows home owners to stay in their homes during treatment and is completely safe for pets and plants. Our clients can brag about being eco-friendly and save hundreds and hundreds of dollars over traditional tenting and fumigation. After interviewing many pest control operators in California who specialize in the use of XT-2000 as their preferred dry-wood termite pesticide we came to realize that Florida is in dire need of such a product and service for our residents. After much consideration and training and certifying the proper personnel we stand quite proud of achievements lately to launch this exciting new division before the termite swarming season begins in May. We have already generated exciting revenue in just a few short weeks and believe we've barely touched the surface of this multi-billion dollar industry thus far. Furthermore it's our belief that this will open the door for other pest control companies to purchase XT-2000 orange oil from our other subsidiary, Organic Product International, where we hold the eastern U.S. master distribution rights." Trina also exclaims, "It's hard to imagine we are in the pest control business but I am extremely convinced we've entered into it at just the right time to serve the needs of Tampa Bay residents who yearn for eco-friendly, non-toxic and less costly methods to control their termite problems. Who knows, if this takes off like I suspect we might just take the business model state wide and franchise it."

Transfer Technology International Corp. acquires, procures and/or funds research, intellectual property and technologies for commercial transfer to world-class business partners. The company generates revenue from transfer fees, licensing and strategic alliance fees and from the sale of intellectual properties. TTI also owns and operates two wholly owned subsidiaries, Organic Products International and X-Terminate Inc. which specialize in the distribution of Eco-friendly organic products and low impact pest control services.

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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