Tree Top Industries, Inc. Receives 2010 Financial Data From Sky Corporation Which Shows $6.2 Million in Revenue
March 22 2011 - 9:45AM
Tree Top Industries, Inc.'s ("Tree Top") (OTCQB:TTII),(OTCBB:TTII)
management has received Sky Corporation's financial data, including
income statement and balance sheet, which show revenue of $6.2
million in 2010, and a respectable net profit. Based on these
figures and an exceptional growth rate in two of Sky Corporation's
divisions, Tree Top plans to visit Sky Corporation and pursue this
acquisition.
About Sky Corporation: Sky
Corporation is headquartered in Belgrade, Serbia in a 1200 square
meter building that it owns. It is the largest distributor of
professional sound equipment and instruments in
Serbia. According to the founder and President, Mr. Milenko
Skaric, there are six divisions of Sky Corporation, all involved in
the music or entertainment business in some form or
manner. Sky Solutions, which has an equipment rental business
and an event organizing business, is one of the largest production
companies in Eastern Europe. Adriatic Region Distribution,
another division of Sky Corporation, is a regional distribution
company for musical and sound/light equipment. Sky Corporation also
has a division named Sky Music, whose main activity is selling
professional audio and light equipment, as well as installing it in
discotheques, clubs, public institutions, venues, and concert
halls. Sky Communications is a marketing division of Sky
Corporation, servicing the entertainment and music industry in
Eastern Europe, and Sky Logistics is in the business of moving and
renting trucks and equipment.
(Source:http://www.skymusic.rs/corporate/index.html)
About Tree Top Industries, Inc.: Tree Top
is a development stage company, moving to acquire companies that
are in various stages of development. Tree Top uses several
different paradigms, including stock exchange, joint venture, cash,
and other partnership configurations. Tree Top is a publicly
listed, independently audited company that offers structure,
transparency, and growth potential through various business
paradigms. Tree Top can provide the means, through incubation,
for domestic, foreign and international private companies to become
part of a public entity in good standing, whose securities are
publicly traded. (www.ttiiob.com)
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect Tree Top's
current plans and expectations, as well as future results of
operations and financial condition. A more extensive listing of
risks and factors that may affect Tree Top's business prospects and
cause actual results to differ materially from those described in
the forward-looking statements can be found in the reports and
other documents filed by Tree Top with the Securities and Exchange
Commission. Tree Top undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACT: Kathy Griffin
President
Tree Top Industries, Inc.
310-601-4757
Kathy@ttiiob.com
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