RE: GOMD
TREE TOP INDUSTRIES INC. ANNOUNCES
SPECIAL SHAREHOLDER'S MEETING TO
APPROVE PLAN OF REORGANIZATION
For Immediate Release August 28, 2006
NEW YORK, NY. Tree Top Industries, Inc. ("GOMD.OB") announced today that it has
agreed to a plan of reorganization to become a holding company with management
oversight of various business assets of companies in the oil and gas industry
sector. The terms of the plan are still subject to negotiation and shareholder
approval.
A special shareholder's meeting will be scheduled as soon as possible to approve
the plan. Notice of the special shareholder's meeting will be mailed out to our
shareholders together with a proxy statement on Form 14 as soon as it is filed
with the Securities and Exchange Commission (the "SEC"). The meeting will be
held in Las Vegas, NV on a date to be set following confirmation of the venue.
As part of the plan, the Company has incorporated a merger subsidiary Universal
Energy & Services Group, Inc. under the laws of the State of Nevada. The merger
subsidiary will be qualified for a tax free exchange of shares with the various
business assets of the merger companies. As a condition to implementing the
plan, the company will have to obtain majority shareholder approval prior to
closing.
David Reichman, President and CEO stated "we have worked hard to identify the
right plan of reorganization for our shareholders. We believe that the oil and
gas industry sector gives us the best opportunity for sustained growth and share
value. We will announce further details after we file our Form 14 proxy
statement with the SEC." "Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: Statements in this press release regarding Green
Parts International, Inc.'s business which are not historical facts are "forward
looking" statements that involve risks and uncertainties, some of which are not
currently known to us. Actual events or results may differ materially from those
express or implied in the forward looking statements as a result of various
factors."
Source: Tree Top Industries, Inc.
Contact: 1-800-472-7957
