NEW YORK, NY / ACCESSWIRE / April 7, 2016 / Tree Top Industries, Inc. (OTC Pink: TTII) has decided by agreement of the officers and directors to retire their stockholder interest in exchange for long term warrants, and to make more stock available for investors, and have filed a Pre14C Notice of their intention to forward split the common stock ten-for- one on or about April 30, 2016.
The purpose is to make shares available to a broader base of average investors and to reward the current shareholders by diminishing the attraction for short sellers.
Frank Benintendo, Secretary of the Company and a member of the Board, announced that it is the intent of management to build a firm foundation and execute its business plan to enhance shareholder value. Mr. Benintendo expressed the Board's appreciation for the shareholders who have lived through this recent stock rally and not played into the short sellers' hands by selling their stock. He further expressed that the Board supports management in its execution of the Tree Top business plan.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates", "will", or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.
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