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Re: JLPTNG post# 4374

Wednesday, 10/22/2014 10:03:57 AM

Wednesday, October 22, 2014 10:03:57 AM

Post# of 6423
$TTEG news is also out with the 8-K news

http://www.advfn.com/p.php?pid=nmona&article=64130233

Paisley, FL - October 22, 2014 - InvestorsHub NewsWire - Turbine Truck Engines, Inc. ("TTE") (OTCBB:TTEG, OTCQB:TTEG) has signed both an Asset Purchase Agreement and a Technology Sale/Transfer/Assignment for all Intellectual Property (IP) Agreement, with Robert & Barbara Scragg as well as Alpha Engines, Inc., for TTE to obtain all rights, title, interest, patents, trademarks, and inventor notes for both the Detonation Cycle Gas Turbine Engine (DCGT) and Gas-to-Liquid (GTL) technologies.

The closing of the DCGT & GTL Asset Purchase Agreement has entered into an escrow period, defined as on or before November 20, 2014. The purchase price and terms of the Asset Purchase Agreement are confidential and will be released upon closing.

Enzo Cirillo, TTE’s Chairman and Interim CEO states, “With the signing of this agreement, TTE has commenced discussions with several prospective research & development partners that possess the unique blend of knowledge required to understand the intricacies of the relationship between the electro-magnetic and the mechanical components found in both technologies. TTE’s Board of Directors and management are grateful to Robert & Barbara Scragg for their commitment and understanding that TTE having ownership of both the DCGT and GTL technologies is paramount to TTE expending valuable resources and shareholder equity to pursue the development and advancement of the DCGT and GTL technologies.”

About Turbine Truck Engines, Inc.

Turbine Truck Engines, Inc. is a 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. For more information concerning Turbine Truck Engines, Inc., please visit www.ttengines.com.

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