NEW YORK and BELGRADE, Serbia, March 22, 2011 (GLOBE NEWSWIRE) -- Tree Top Industries, Inc.'s ("Tree Top") (OTCQB:TTII),(OTCBB:TTII) management has received Sky Corporation's financial data, including income statement and balance sheet, which show revenue of $6.2 million in 2010, and a respectable net profit. Based on these figures and an exceptional growth rate in two of Sky Corporation's divisions, Tree Top plans to visit Sky Corporation and pursue this acquisition.
About Sky Corporation: Sky Corporation is headquartered in Belgrade, Serbia in a 1200 square meter building that it owns. It is the largest distributor of professional sound equipment and instruments in Serbia. According to the founder and President, Mr. Milenko Skaric, there are six divisions of Sky Corporation, all involved in the music or entertainment business in some form or manner. Sky Solutions, which has an equipment rental business and an event organizing business, is one of the largest production companies in Eastern Europe. Adriatic Region Distribution, another division of Sky Corporation, is a regional distribution company for musical and sound/light equipment. Sky Corporation also has a division named Sky Music, whose main activity is selling professional audio and light equipment, as well as installing it in discotheques, clubs, public institutions, venues, and concert halls. Sky Communications is a marketing division of Sky Corporation, servicing the entertainment and music industry in Eastern Europe, and Sky Logistics is in the business of moving and renting trucks and equipment. (Source:)
About Tree Top Industries, Inc.: Tree Top is a development stage company, moving to acquire companies that are in various stages of development. Tree Top uses several different paradigms, including stock exchange, joint venture, cash, and other partnership configurations. Tree Top is a publicly listed, independently audited company that offers structure, transparency, and growth potential through various business paradigms. Tree Top can provide the means, through incubation, for domestic, foreign and international private companies to become part of a public entity in good standing, whose securities are publicly traded. ()
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 Tree Top'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 Tree Top'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 Tree Top with the Securities and Exchange Commission. Tree Top undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Kathy Griffin President Tree Top Industries, Inc. 310-601-4757 Kathy@ttiiob.com