NEW YORK, Oct. 1, 2010 (GLOBE NEWSWIRE) -- The management of Tree Top Industries, Inc. (OTCBB:TTII) is seeking competitive bids for the construction of the first of its hazardous waste destruction units. This revolutionary waste destruction and waste-to-energy technology is currently held by Tree Top's subsidiary, BioEnergy Applied Technologies, Inc. ("BAT"). The current business plan calls for the simultaneous build out of one stationary demo unit and one portable unit which would be mounted on a flatbed truck, each targeting different segments of the hazardous waste market. Tree Top has received one competitive bid, from C2R Energy Commodities, a Nevada based company. The units would likely be constructed simultaneously, using parts supplied and/or produced at Ceramatec, Inc. a wholly owned subsidiary of Coors Tek. Tree Top has also been in negotiation with a local trucking company regarding the build out of a flatbed truck for the transportation of the portable unit.
Kathy Griffin, Chief Executive Officer of Tree Top, stated, "Hazardous waste continues to make news as a major environmental challenge. According to the United Nations Environmental Program, more than 400 million tons of hazardous wastes are produced universally each year, mostly by industrialized countries. An unknown percentage of that total is shipped, sometimes illegally, to underdeveloped countries for disposal, as the cost of proper disposal in the originating countries is rising."
BAT is the originator of various proprietary, clean-tech, environmentally-friendly technologies and intellectual properties in the areas of hazardous waste destruction and waste-to-energy. These intellectual properties are applied to the construction of systems and equipment designed to facilitate the destruction of pharmaceutical, medical, biological, chemical, red-bag and other hazardous wastes, with clean reusable energy produced as a by-product. The system utilizes cold plasma technology to initiate a chemical reaction inside the unit. The chemical reaction causes enough heat to facilitate the waste destruction, resulting in a drastically reduced carbon footprint, as no incineration is needed.
About Tree Top Industries, Inc.
Tree Top's subsidiaries and affiliates include clean-tech energy, bio-energy and green energy solutions and health care companies. Tree Top is an early stage company that is animating its subsidiaries and affiliates concurrently, as it simultaneously moves to acquire companies that are in various stages of development. 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 the company'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 the company'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 the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.