Business News

Bootie Beer Company Files Voluntary Chapter 7 Petition

Friday 04. January 2008 - TMT Capital Corporation (BULLETIN BOARD: TMTP) and its subsidiary Bootie Beer Company ("Bootie") today announced that Bootie has filed a voluntary petition under the provisions of Chapter 7 of the United States Bankruptcy Code in the United States Bankruptcy Court, Middle District of Florida, on December 31, 2007.

Only Bootie filed for bankruptcy protection, and not TMT Capital Corporation or any of its other subsidiaries. Bootie’s creditors will be notified in writing how to contact the trustee.

“This action is the necessary and a responsible step to preserve TMT Capital Corporation’s value for our creditors, customers, employees, subsidiaries, business partners and other stakeholders,” said Tania Torruella, Chief Executive Officer of TMT Capital. “We are saddened by this action and the circumstances that necessitated it, but our first priority remains our shareholders. We are committed to provide them shareholder value and this action will improve operations by permitting an independent trustee to investigate and process Bootie’s assets and liabilities.”