Turbine Truck Engines Enters LOI With Megrant Corporation

URL:  http://www.equitygroups.com/TTEG-discussion/Turbine-Tru...

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PAISLEY, FL -- (Marketwire) -- 08/30/11 -- Turbine Truck Engines, Inc. ("TTE") (OTCBB: TTEG) is extremely pleased to announce that the company has signed a Letter of Intent with Megrant Corporation of New York. Highlights of the Joint Venture LOI indicate that the two companies wish to organize a company specific to the manufacturing, marketing and installation of TTE's on-demand hydrogen (H2) generator technology. Other details reveal that the two entities will formalize their intentions by signing a Joint Venture Contract Agreement within 90 days of the signing of the LOI or within 30 days subsequent to the completion of a satisfactory due diligence examination, whichever comes first.

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