Transfer Technology Hits Positive Cash Flow in Wholly Owned Subsidiary X-Terminate, Inc.
TAMPA, Fla., March 3, 2011 /PRNewswire/ — TTI Corp. (OTC Bulletin Board: TTIN) announced today that X-Terminate, Inc., a 100% wholly owned subsidiary hit positive cash flow during its first ever dry-wood termite season in 2010. X-Terminate, Inc. is a fully state licensed and full service pest control operation based in St. Petersburg, FL.
X-Terminate is an Integrated Pest Management company that uses low impact, eco-friendly pest control methods specializing in the use of XT-2000 orange oil to eradicate dry wood termite infestation. The Company has highly trained and state licensed inspectors, and utilizes Tru-Optic Technology to view “inaccessible areas”. X-Terminate uses a new generation Termite Control product, XT-2000, which requires no fumigation and no petro-chemicals, offers a one or two year warranty with multiple options as well as free non-obligatory inspection services.
“Around 10 months ago, to better service the ever increasing demand for integrated pest management, we launched X-Terminate, Inc., a full service, licensed and insured pest control service based in St. Petersburg Florida. After the first season, the business did quite well and should be hitting sustained profitability this termite season starting in May,” said Chris Trina, Chairman and CEO of Transfer Technology and President of X-Terminate, Inc. “We have generated exciting revenue over just a few short months last season and believe we’ve barely touched the surface in this multi-billion dollar industry that’s clearly heading in the green and eco-friendly direction. I am quite proud of what our salespeople, trainers and technicians have accomplished at X-Terminate in such a short period of time and can only imagine the profitability when the branding of our name increases from our ongoing SEO and SEM efforts along with hiring key sales technicians before the 2011 termite season begins,” Trina said.
“The state of Florida suffers the worst termite infestation in the country and therefore suffers the worst home and building damage as well. We opened X-Terminate specifically to become the anti-fumigation termite service in the Tampa Bay area in which we provide a well proven alternative to tenting and the usage of extremely dangerous toxic fumigants. We know the products and services work extremely well which is why we patterned X-Terminate’s business model after our sister company and supplier, X-Termite from California. The people of California have been ahead of the green, eco-friendly movement for years now and this product and service has been used in well over 110,000 homes and has generated sales revenues from its main operators out West of well over 25 million dollars in the last 5 years or so which is why I am extremely excited about our potential in both selling our services and distributing XT-2000 to operators around the state of Florida,” Trina concluded.
X-Terminate’s flagship product known as XT-2000 orange oil, an EPA labeled and registered pesticide, allows home owners to stay in their homes during treatment and is completely safe for pets and plants. The treatment is eco friendly and allows homeowners to save hundreds of dollars over traditional tenting and fumigation without all the inconveniences. X-Terminate’s website features video testimonials from many happy customers. Please visit our website at www.xterminatetampa.com.
About Transfer Technology International Corp.
Transfer Technology International Corp. acquires, procures and/or funds research, intellectual property and technologies for commercial transfer to world-class business partners. The company generates revenue from transfer fees, licensing and strategic alliance fees and from the sale of intellectual properties. TTI also owns and operates two wholly owned subsidiaries, Organic Products International and X-Terminate, Inc. which specialize in the distribution of Eco-friendly organic products and low impact pest control services.
Please visit us at our websites, www.ttinternationalcorp.com, and www.opitampa.com for more information. You will be able to find our SEC filings, press releases, stock quotes and corporate updates on our corporate main website.
Disclaimer and Forward Looking Statements – The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a “forward-looking statement” within the meaning of Section 27A of The Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the company believes that the assumptions underlying such forward – looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward- looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.
SOURCE Transfer Technology International Corp.