Tree Top Industries, Inc. and Sky Corporation Sign Term Agreement
April 25 2011 - 8:00AM
Tree Top Industries, Inc. ("Tree Top") (OTCQB:TTII) and Sky Music
Corporation doo ("SMC"), Sky Solutions doo ("SS"), and Adriatic
Region Distribution doo ("ARD"), the three companies that, when
combined, will form Sky Corporation ("Sky"), have entered into a
term agreement, for the purpose of merging a subsidiary of Tree Top
with Sky Corporation.
Kathy Griffin, President of Tree Top, stated,
"Tree Top's management met the founder and President of SMC, SS and
ARD, Milenko Skaric, and several of his top executives and
consultants. Mr. Skaric stated that he intends to combine his
three independent companies and form Sky in the near
future. According to Mr. Skaric, Sky will then be the largest
music equipment sales/rental and public event management and
production company in South Eastern Europe. Mr. Skaric gave us a
detailed description of the current operations of SMC, SS and ARD
in Serbia and South East Europe. By merging Sky with a
subsidiary of Tree Top which we will form for this purpose and
utilizing one or more cash infusions, we believe that Sky will be
in a position to expand throughout Europe under the leadership of
Mr. Skaric who will be the Chairman of the Board of Directors and
the Chief Executive Officer of Sky. Tree Top believes that Mr.
Skaric's leadership will help Sky expand into new markets. The
merger is also expected to give Sky further access to potential
capital, needed to sustain continued growth, specifically into
Western Europe."
Milenko Skaric, President of SMC, SS and ARD,
stated, "Local markets are no longer sufficient to support
the expansion and growth that SMC, SS and ARD have
experienced. We are looking to expand our activities into
Western European markets, where the cost of local labor and the
higher prices could combine to present the ability to achieve
higher profit margins. Our new online platforms are being produced
now. They can be seen in their early stages on following link:
(www.sky-corporation.rs)"
About Sky Music Corporation doo, Sky
Solutions doo and Adriatic Region Distribution
doo: SMC, SS and ARC are headquartered in Belgrade,
Serbia. When the three companies are combined to form Sky, it will
be the largest music equipment sales/rental and public event
management and production company in South Eastern
Europe. (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
Global Tech Industries (CE) (USOTC:GTII)
Historical Stock Chart
From Oct 2024 to Nov 2024
Global Tech Industries (CE) (USOTC:GTII)
Historical Stock Chart
From Nov 2023 to Nov 2024