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 Township of Deptford, the Planning Board, Benderson Properties, Inc. and certain of its affiliates that own property included within the redevelopment area.  The suit seeks, among other remedies, to reverse and set aside the Township’s actions.

    

     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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