NEW YORK, Sept. 7, 2010 (GLOBE NEWSWIRE) -- The Board of Directors of Tree Top Industries, Inc. (OTCBB:TTII) and management have recently undertaken a review of some of the new and existing technologies being developed in the internet communication, information, and entertainment business sectors. Tree Top's demonstration of a live-streamed, high definition web cast of Joel Osteen's Easter Sunday services in 2008, and the knowledge gained from that demonstration, has put Tree Top in a position to develop business synergies and target possible acquisition candidates for the NetThruster subsidiary. Additionally, Tree Top has specifically identified the social networking segment of the industry as one of particular interest because of its growth rate in the last three years.
David Reichman, Chief Executive Officer of Tree Top, stated, "More people are turning to the 'virtual world' in order to enjoy new and exciting forms of entertainment, education and companionship. According to Nielsen's latest report, 'Global Faces and Networked Places', over two thirds of the world's internet users visit social networking sites at least once a month. Additionally, social networking to expand business opportunities now represents one of the fastest-growing segments in the industry, as 20% of all 'tweets' now reference a brand or specific product of some kind. It is a growing industry and Tree Top is pursuing possible partners to gain a foothold in that business." (source: )
About Tree Top Industries, Inc.
Tree Top's subsidiaries and affiliates include clean-tech energy, bio-energy and green energy solutions and health care companies. Tree Top is an early stage company that is animating its subsidiaries and affiliates concurrently, as it simultaneously moves to acquire companies that are in various stages of development. www.ttiiob.com.
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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