TTEG Convertible debt repurchased news!
Post# of 23
Posted On: 11/22/2013 6:49:01 PM
Turbine Truck Engines Retires Convertible Debt
Turbine Truck Engines, Inc., ("TTE") (OTCBB: TTEG) (OTCQB: TTEG), is very pleased to announce it has retired all convertible promissory notes issued to Asher Enterprises, Inc. with the recent cash payment to retire the final convertible promissory note issued in February 2013.
Michael Rouse, Turbine Truck Engines CEO, states, "We are pleased to have reduced our total outstanding debt and derivative liability exposure on the company's balance sheet as we focus all efforts to build long-term shareholder value. Recently, TTE has successfully completed two significant operational milestones by securing both the funding and placement of the Hydrogen Production Burner System. Our company is well positioned for long-term growth."
The Hydrogen Production Burner System ("HPBS") proprietary technology is the "first and only" H2 production and burner technology system worldwide able to produce a consistent, steady, non-volatile and safe-to-burn concentration of hydrogen "on-demand and on-site," thus eliminating costly and complex transportation and storage challenges for customers wanting hydrogen as their "primary burner fuel" of choice. The HPBS provides industry the ability to achieve both energy and environmental conservation while simultaneously realizing a fuel cost savings of 30% to 70% from current expenditure levels. Learn more about the technology and testing of the HPBS at the TTE website (www.ttengines.com).
About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is clean-air technology company dedicated to identifying, developing and commercializing important scientific innovations designed to enhance both environmental conservation and cost savings in how the world consumes energy. In addition to the HPBS, Turbine Truck Engines also holds the exclusive license to develop, commercialize, manufacture, market, and distribute the Detonation Cycle Gas Turbine (DCGT) engine worldwide. For more information concerning Turbine Truck Engines, Inc., please visit www.ttengines.com.
PR issued 9/3/2013
That also when the non retail dilution market maker disappeared from the ask on L-2 TTEG!!!!
So TTEG is due for a PR update that could goose the share price to .05 to .10 when they announce shipping the unit. That PR is due right about now.
Turbine Truck Engines, Inc., ("TTE") (OTCBB: TTEG) (OTCQB: TTEG), is very pleased to announce it has retired all convertible promissory notes issued to Asher Enterprises, Inc. with the recent cash payment to retire the final convertible promissory note issued in February 2013.
Michael Rouse, Turbine Truck Engines CEO, states, "We are pleased to have reduced our total outstanding debt and derivative liability exposure on the company's balance sheet as we focus all efforts to build long-term shareholder value. Recently, TTE has successfully completed two significant operational milestones by securing both the funding and placement of the Hydrogen Production Burner System. Our company is well positioned for long-term growth."
The Hydrogen Production Burner System ("HPBS") proprietary technology is the "first and only" H2 production and burner technology system worldwide able to produce a consistent, steady, non-volatile and safe-to-burn concentration of hydrogen "on-demand and on-site," thus eliminating costly and complex transportation and storage challenges for customers wanting hydrogen as their "primary burner fuel" of choice. The HPBS provides industry the ability to achieve both energy and environmental conservation while simultaneously realizing a fuel cost savings of 30% to 70% from current expenditure levels. Learn more about the technology and testing of the HPBS at the TTE website (www.ttengines.com).
About Turbine Truck Engines, Inc.
Turbine Truck Engines, Inc. is clean-air technology company dedicated to identifying, developing and commercializing important scientific innovations designed to enhance both environmental conservation and cost savings in how the world consumes energy. In addition to the HPBS, Turbine Truck Engines also holds the exclusive license to develop, commercialize, manufacture, market, and distribute the Detonation Cycle Gas Turbine (DCGT) engine worldwide. For more information concerning Turbine Truck Engines, Inc., please visit www.ttengines.com.
PR issued 9/3/2013
That also when the non retail dilution market maker disappeared from the ask on L-2 TTEG!!!!
So TTEG is due for a PR update that could goose the share price to .05 to .10 when they announce shipping the unit. That PR is due right about now.
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