Wednesday, February 29, 2012 3:28:25 PM
Pursuant to the reverse split of its common stock being on the FINRA Daily List yesterday, the 1 for 300 capital restructuring of Transfer Technology International Corp.‘s (the “Issuer”) common stock is effective today. The restructuring was necessary for the Issuer to position itself to make needed legal settlements, consolidate debts and have any opportunity to raise needed capital. Prior to the reverse split, the Issuer had 249,963,747 of its 250,000,000 authorized common shares issued and outstanding. During the restructuring phase, the Issuer engaged on a non-exclusive basis, an Atlanta based investment bank, Street Capital, to assist in the areas of legal judgments and settlements, debt consolidation and corporate finance. The Issuer believes Street capital can assist in its efforts to achieve necessary financial needs. Assuming the Issuer is successful in meeting its financial needs, the goals of the board of directors and management are as follows:
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