Transfer Technology International Corp. Targets Multi-Billion Dollar Market
TAMPA, Fla., April 4, 2013 /PRNewswire/ -- Transfer Technology International Corp. (OTC Pink: TTIN) reported today that it is poised to capitalize on the multi-billion dollar lawn and landscaping market. The Company recently announced signing a letter of intent to acquire its first lawn and landscaping services company.
The size of the industry is vast and continues to expand as the demand for these services continues to escalate amongst residential customers. Statistics from the July 2012 IBIS World market report show that the green industry has annual revenues of $61 billion, employs 899,958 people and represents 416,991 businesses. According to the Global Industry Analysts Report "the landscaping services market in the US is expected to recover and poised to reach US $80.06 billion by 2015."
The state of the industry is driven primarily by the demand for residential services. In the Lawn and Landscape State of the Industry 2012 survey respondents had business lines as follows: 63% single family residential, 25% commercial/industrial, 7% multi-family, and 4% governmental. The survey showed that the fastest growing business lines in 2012 were: mowing and maintenance (37%), design build (19%), and lawn care (16%).
"As the economy recovers we are seeing a growth in the real estate market. Construction activity is reviving which has a direct impact on landscaping services. We believe this is an opportune time to acquire a foothold in this highly profitable and fragmented market. Our pending name change to Enviro-Serv speaks to our strategy to build a portfolio of property maintenance services companies which will allow us to leverage our customer base and cross market services. We are very excited by our progress and look forward to announcing additional potential acquisitions in the near future," stated Christoph Trina, CEO and Chairman of Transfer Technology International Corp.About Transfer Technology International Corp. Transfer Technology International Corp. (OTCPK: TTIN) is a Tampa based corporation specializing in providing property maintenance services in geographically concentrated warm climate states. Through an aggressive acquisition strategy, the Company is building a portfolio of highly profitable enterprises that offer year round services such as pest control management, lawn and landscaping care, pool maintenance, air conditioning/refrigeration installation and repairs and a host of additional onsite maintenance offerings. Forward-Looking Statements - This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Transfer Technology International Corp. undertakes no obligation to update such statements.
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