Tuesday, May 12, 2015 10:20:47 AM
http://ih.advfn.com/p.php?pid=nmona&article=66826180
New CEO, and old CEO/director has resigned.
TTEG is a screaming buy here imho. Only problem is getting order fills as the buy-able float is near zero. Only way to get any volume of shares is to slap the ask.
Daytona Beach, FL -- May 12, 2015 -- InvestorsHub NewsWire -- Michael Rouse, the founder of Turbine Truck Engines, Inc. (the “Company” or “TTE”) (OTCQB:TTEG) (OTCBB:TTEG), has resigned his corporate positions as both the Company’s President and as a member of the Board of Directors. Christopher David, serving the company as its Secretary, Treasurer, and Board of Directors member since August 2014, has been appointed to fulfill the roles and responsibilities as the new President of Turbine Truck Engines, effective May 10, 2015.
The Board of Directors will begin a search immediately to replace Mr. Rouse on the Company’s Board of Directors. Mr. Rouse has agreed to remain available to the Company as a consultant.
Enzo Cirillo, TTE’s Interim CEO, Board Chairman & majority stakeholder states, “The Board of Directors are grateful to both Michael for his years of dedication and service to Turbine Truck Engines and to Chris for agreeing to assume the role of TTE’s President. Since joining TTE as part of the Company’s August 2014 management transition, Chris has demonstrated a powerful ability over the last 9 months to drive TTE forward through his leadership on all aspects of the Company’s operations, strategic planning, capital restructure and audit reporting regulatory requirements.”
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