BELLEVUE, WA - (NewMediaWire) - October 26, 2015 - Turbine Truck Engines, Inc. (OTCQB: TTEG) is very pleased to announce it has been added to the OTC Markets Group OTCQB Venture Index Performance Benchmark as a result of OTC Market Group's Third Quarter 2015 performance and quarterly index rebalancing as announced by OTC Markets Group's on October 20, 2015, press release.
The OTCQB Venture Index is designed as a benchmark for tracking the overall performance of the OTCQB marketplace and serves primarily as a performance benchmark for investors in OTCQB securities while also highlighting and further enhancing visibility for those securities posted to the OTCQB Venture Index. Under the 3rd quarter 2015 OTCQB Venture Index rebalancing, 124 companies were added to and 155 companies were removed from the OTCQB Venture Index.
Over the last 24 months, the OTC Markets Group, operator of financial markets for 10,000 U.S. and global securities, has implemented stringent new standards and qualifications for companies listed on its top two electronically quoted and traded marketplaces, OTCQX and OTCQB. Specific to the OTCQB, nearly 1,000 U.S. and international companies, including Turbine Truck Engines, have been successfully verified and approved for trading on the regulated OTCQB while over 2,000 companies have been recently removed from the OTCQB for failure to meet OTC Market Group's stringent certification, verification and transparency standards.
About Turbine Truck Engines
Turbine Truck Engines, Inc. is a clean-air technology company dedicated to identifying, developing and commercializing important scientific innovations designed to enhance both environmental conservation and cost savings in how the world produces and consumes energy. For more information concerning Turbine Truck Engines, Inc., please visit www.ttengines.com.
This announcement may contain forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements, among others, relating to our future capital requirements, including our expected liquidity position and timing of the receipt of certain milestone payments, and the sufficiency of our current assets to meet these requirements, our future results of operations, and our plans, objectives, expectations and intentions.
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The forward-looking statements regarding future events and circumstances discussed in this press release may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements included in this presentation speak only as of the date hereof, and, except as required by law, we undertake no obligation to update publicly or privately any forward-looking statements for any reason after the date of this presentation to conform these statements to actual results or to changes in our expectations.