PRESS RELEASE - DECEMBER 12, 2007
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Transtech Property included in Redevelopment
Area
PISCATAWAY,
N.J., December 12, 2007 - Robert V. Silva, President and
Chief Executive Officer of Transtech Industries, Inc. (the “Company”)(OTC
BULLETIN BOARD:TRTI) announced that on December 10, 2007 the Mayor and Town
Council of the Township of Deptford, N.J. approved a resolution designating an
area, which includes approximately 342 acres owned by the Company, as an area
in need of redevelopment pursuant to local housing and redevelopment law. This action follows the previously reported
recommendation of Township’s Planning Board on August 8, 2007.
The Company has filed suit against the
This news release may contain
forward-looking statements as defined by federal securities laws, that are
based on current expectations and involve a number of known and unknown risks,
uncertainties and other factors that may cause the actual results, levels of
activity, performance or achievements to differ materially from results
expressed or implied by this press release.
Such risks and uncertainties include among others, the following:
general economic and business conditions; the ability of the Company to
implement its business strategy; the Company’s ability to successfully identify
new business opportunities; changes in the industry; competition; the effect of
regulatory and legal proceedings. The
forward-looking statements contained in this news release speak only as of the
date of release; and
the
Company does not undertake to revise those forward-looking statements to
reflect events after the date of this release.
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