NEW YORK and NORMANDY BEACH, N.J., March 24, 2011 (GLOBE NEWSWIRE) -- Tree Top Industries, Inc. (OTCQB:TTII) and Universal Group Multinational Corp. ("Universal") have signed a letter of intent for the purpose of evaluating synergies and cooperative opportunities, both domestically and internationally, that a partnership may produce.
David Reichman, CEO of Tree Top, stated, "The management of Tree Top has known Mr. Bernard D'Andrea for some time and we are thrilled to formalize our interest in working together."
About Universal Group Multinational Corp.: According to its founder and President, Mr. Bernard G. D'Andrea, Universal has been in business since 1985, operating in the beverage service business sector. Universal is a distributor of most classes of beverages, including water, fusion drinks and juices, beer, wine and spirits. Universal purchases from domestic sources, and their customers include branded distributors, as well as independent distributors all over the country.
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 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.
CONTACT: Kathy Griffin President Tree Top Industries, Inc. 310-601-4595info@ttiiob.com