GFCI Grifco International Inc (CE)

Tree Top Industries, Inc. (OTCBB: TTII) announced today that it was forming a new wholly owned subsidiary to be called �Coil Tubing Technology Group, Inc.� as the first step in completing the terms of a Letter of Intent (�LOI�) with Coil Tubing Technology, Inc. (�CTBG.PK�) to enter into a share exchange. The LOI was executed on November 21, 2006 between TTII, CTBG and Grifco International, Inc. (GFCI.PK). The details of the LOI are being reviewed by counsel and auditors of the respective parties. Further details concerning the LOI will be released following this review. Safe Harbor Act The statements contained in this release and statements that the companies may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially. Tree Top Industries, Inc. (OTCBB: TTII) announced today that it was forming a new wholly owned subsidiary to be called "Coil Tubing Technology Group, Inc." as the first step in completing the terms of a Letter of Intent ("LOI") with Coil Tubing Technology, Inc. ("CTBG.PK") to enter into a share exchange. The LOI was executed on November 21, 2006 between TTII, CTBG and Grifco International, Inc. (GFCI.PK). The details of the LOI are being reviewed by counsel and auditors of the respective parties. Further details concerning the LOI will be released following this review. Safe Harbor Act The statements contained in this release and statements that the companies may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.