Transfer Technology International Inc.’s (TTIN.OB) Subsidiary X-Terminate Hits Positive Cash Flow

By @ibtimes on

Transfer Technology International Inc. announced today that X-Terminate Inc. – a wholly-owned subsidiary – hit positive cash flow during its first ever dry-wood termite season in 2010. X-Terminate is a fully state licensed and full service pest control company based in St. Petersburg, Florida. Transfer Technology International acquires and/or funds research, intellectual property and technologies for commercial transfer to business partners.

X-Terminate is a pest management company that uses low-impact, eco-friendly pest control methods. It specializes in the use of XT-2000 orange oil to eradicate dry wood termite infestation. This flagship product, an EPA labeled and registered pesticide, allows home owners to stay in their homes during treatment and is safe for humans, pets and plants.

The state of Florida suffers the worst termite infestation in the country and therefore suffers the worst home and building damage as well. According to X-Terminate, after the first season in existence the company did quite well and should be profitable this upcoming termite season starting in May.

X-Terminate’s business model was patterned after its sister company in California, X-Termite. This company’s service has been used in over 110,000 homes. In addition, it has generated sales revenues of well over 25 million dollars in about the last five years. Based on the experience of its sister company in California and Florida’s termite problem, X-Terminate is very optimistic about its future.

For more information on the parent company, Transfer Technology International please visit the company’s website at www.ttinternationalcorp.com

Join the Discussion