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To: Glenn Petersen who wrote (2031)	5/21/2009 1:00:39 PM
From: Glenn Petersen	Respond to of 3862

TransTech Service Partners, Inc. (stock symbol: [t]TTSP[/t]) has announced that it has terminated its agreement to acquire Global Hi-Tech Industries Limited and that the company will be liquidated. TransTech Terminates Acquisition, Will Seek Shareholders' Approval to Distribute Trust On Wednesday May 20, 2009, 5:03 pm EDT NEW YORK, May 20 /PRNewswire-FirstCall/ -- TransTech Services Partners Inc. (OTC Bulletin Board: TTSP - News, TTSPW - News and TTSPU - News; "TransTech"), determined that it would not have sufficient time to close the proposed business combination with Global Hi-Tech Industries Limited ("GHIL"), by its May 23, 2009 deadline to close a business combination. Consequently, TransTech will not hold a stockholder meeting for its proposed acquisition of GHIL. Instead, TransTech will hold a stockholder's meeting and take such action as necessary to approve the liquidation of its trust fund. If the plan of liquidation is approved, TransTech will pay out approximately $7.94 per share from its trust account. It expects to complete its liquidation process as soon as reasonably practicable after the shareholders meeting. <snip> finance.yahoo.com