SOURCE: Tree Top Industries, Inc.

August 06, 2012 09:30 ET

Tree Top Industries, Inc. Signs Financing Term Sheet With International Investment Bank

NEW YORK, NY--(Marketwire - Aug 6, 2012) - Tree Top Industries, Inc. (OTCBB: TTII) is announcing that they have finalized a term sheet for a $10 million line of credit to aid in company growth.

Tree Top management has now placed itself in a position to execute on their two-fold business plan, as previously described by Mr. Reichman, Chairman and CEO, and Mrs. Griffin, President of Tree Top Industries, Inc. They have both spoken of this upcoming event in interviews conducted and announcements issued throughout the past two years.

Mr. Reichman states, "I am so very excited that we have finalized the terms of this very important corporate milestone. I believe that the terms that we have negotiated will allow us to move forward in a manner in which we have previously been unable. We will continue to work to provide the best value to shareholders as we move this company forward."

Tree Top Industries plans on utilizing such funds to make progress within two entities and to enable growth as follows:

  • Management will continue to seek a partner to assist in the further development of Bioenergy Applied Technologies, Inc., the hazardous waste destruction technology company that was acquired by TTI in 2009. First steps will include white paper, patent applications, and first round funding to commercially design and fabricate a working unit.
  • Management will continue to work towards finalizing the acquisition and closing paperwork for Adesso Biosciences.
  • Management will continue to look for revenue-producing assets, investments and partners that will impact TTI's balance sheet immediately and give further substance to TTI's family of companies.

About Tree Top Industries, Inc.
Tree Top Industries, Inc. (TTII) is a publicly traded, mini conglomerate, based in part on Teledyne's business model. Tree Top Technologies has subsidiaries and affiliates that include intellectual properties, proprietary systems, and trade secrets in the bioscience, nanoscience, clean tech, and global health technologies along with other emerging technologies and fields. Tree Top Industries' current status and moving-forward strategy is in the development stage actively acquiring companies & technologies using several different business paradigms, including exchange of stock, joint venture, and other partnership configurations.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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