This "LOI" Was cancelled 4 months later During January 2002, the Company's board of directors resolved in the best interest of the Company's shareholders to abandon its acquisition of TTRHP Motorsport, Inc. ("TTRHP") due to the inability of TTRHP to perform on certain stipulations of the letter of intent.
In September, 2001, eCom announced that it has entered into an agreement to acquire 15 percent of TTR HP Motorsport Marinesport Racing LLC ("TTRHP"), a Utah Limited Liability Company. TTRHP was formed to develop, manufacture and distribute a product line of high tech, performance products and automotive exhaust systems aimed primarily at the diesel truck market. TTRHP will also offer similar products to the marine and snowmobile market. The company has a U.S. patent pending for its AEROTURBINE muffler technology. AEROTURBINE creates an air turbine effect inside the exhaust system. Opposite of most mufflers on the market, the AEROTURBINE operates most efficiently when the airflow of engine RPM increases. The resulting air turbine effect increases low-and high-end torque as well as horsepower gains and overall performance improvements.
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