SOURCE: Transfer Technology International Corp.

April 15, 2008 16:05 ET

Transfer Technology International Announces Acquisition of Environmentally Safe Rust Inhibitor Technology -- Flash OFF

TAMPA, FL--(Marketwire - April 15, 2008) - Transfer Technology International Corp. (PINKSHEETS: TTIN) announced today the acquisition of U.S. patent # 7,008,910 and extended applications and intellectual property rights associated with the rust inhibitor known as Flash OFF. Flash OFF not only prevents rust from forming with what we believe are significant advantages in performance over competing products, but is also biodegradable and safe for the environment. The terms of the acquisition were not disclosed.

"We are thrilled to have bought this patent and other intellectual property rights for this enormous market opportunity," Mr. Chris Trina, Chairman and Chief Executive Officer exclaimed. "Our company will be exploring licensing partners worldwide in the marine, coatings and ancillary industries. What made these technologies attractive to us is their global market opportunities and that they are environmentally friendly technologies."

The intellectual property is designed to target the estimated $276 billion annual direct cost of corrosion in the United States from infrastructure and transportation to production and manufacturing. The product called Flash OFF is an environmentally safe product that has shown to be effective at controlling corrosion, reducing cycle times and significantly cutting expenses and other losses resulting from flash rust.

Initially introduced to the marine industry, this innovative technology addresses the unique anti-corrosion challenges for naval and ship maintenance and protection. The product is commercialized and applications include structural steel, marine vessels, offshore structures, storage tanks and pipelines.

Please visit us at our new website, www.ttinternationalcorp.com, for more information. You will be able to find our SEC filings, press releases, our stock quote and corporate updates.

About Transfer Technology International Corp. (TTIN.PK)

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
    813-600-4081