SOURCE: Transfer Technology International Corp.

April 21, 2008 16:10 ET

Transfer Technology International Corp. Announces Acquisition of Intellectual Properties of a Long-Term Environmentally Safe Corrosion Technology

TAMPA, FL--(Marketwire - April 21, 2008) - Transfer Technology International Corp. (PINKSHEETS: TTIN) announced today the acquisition of additional intellectual property rights associated with a long-term rust inhibitor known as Extend X. This product is commercialized and its applications include structural steel, marine vessels, offshore structures, storage tanks and pipelines and many more. Extend X is believed to have significant advantages in performance over competing products and is biodegradable and safe for the environment. Samples of ExtendX have been produced and shipped to key companies representing both the coatings and steel industries and preliminary comments and assessments have been favorable thus far.

"We are thrilled to have acquired U.S. and international intellectual property rights relating to this enormous worldwide market opportunity," Mr. Chris Trina, Chairman and CEO, stated today. "We had previously acquired U.S. Patent 7,008,910 and now that we acquired additional pending U.S. and international patent applications our company is in an ideal position to explore licensing opportunities in the marine, structural coatings and ancillary industries. Extend X is a wonderful addition to the Flash OFF technology we recently acquired and we believe that both technologies can create significant opportunities in the expanding 'Green Technology' Global markets."

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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