TTI Holdings of America -TTIH- Announces the Formation of a New Division.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 25, 2002

Consistent with its strategy to develop small developmental companies into larger, more profitable entities, TTI Holdings of America Corp. (OTC: TTIH) announces the formation of a new venture, Latin American Development Corp. (LADC).

The purpose of LADC is to encourage both Costa Rican and US companies to move to this company's proposed industrial park development. LADC is looking to encourage industrial organizations with skills in sheet metal, machining, welding, construction, scaffolding, corrosion protection, industrial mold manufacturing, communications, computer networking, construction rebar, plastic bags, tire re-treading, castings, steel nails, welding electrodes, corrugated cardboard and paper. These are some of the businesses that we are targeting for the industrial development. The company's managing agent for the project is AMZ/TCA of Costa Rica. The agent is a machining and metal coating facility currently working with a combination of more than 300 industrial companies, public utilities, and governmental agencies in Costa Rica. With the AMZ/TCA management team experience, the company expects to successfully select the most viable companies to excel in the industrial park atmosphere. The park will ultimately have the mission of supplying the Costa Rican economy with an improved industrial infra-structure; to serve as a magnet for international companies to come to Costa Rica, as well as be a model for profitable industrial development for other third world emerging economies. The project has received a very strong expression of interest from the Costa Rican government and once underway, LADC intends to work with organizations such as the World Bank to target additional locations and funding for the project.

LADC has obtained the rights to purchase 35 acres of prime industrial land with free zone tax and duty status in San Jose, Costa Rica. The property is located near the Juan Santa Maria Airport, the major international airport in Costa Rica. The property is also in close proximity to the major East West traffic artery linking the airport with the industrial areas of Costa Rica and both the Atlantic and Pacific Ocean Ports.

The Company first proposes to develop one acre with 12 industrial properties averaging approximately 2,000 sq. ft. each in size. LADC can build each of these facilities for $30,000 and sell them for $80,000 per unit or rent them for a recurring revenue stream. The company then proposes to construct 36 more units of the same type on 3 additional acres of land. The company has contracted to sell its first 4 units to AMZ of Costa Rica, the agent for the company. The company further proposes to build properties only against firm orders subsequent to the first four sales. The project will be run as a condominium project, the land under the buildings will still be owned by the company, and the fees charged to maintain the land.

Except for any historical information contained herein, certain matters set forth in this press release are forward-looking statements which can be identified by the use of forward-looking terms such as "believes," "estimates," "plans," "excepts," "anticipates," "intends" or by discussions of strategy, future operating results or events. These forward-looking statements are subject to risks and uncertainties that may cause the Company's actual results, performance or achievements to differ materially from those discussed in the forward-looking statements. These risks and uncertainties are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the company to control, and, in many cases, the Company cannot predict all of the risks and uncertainties that could cause its actual results, performance or achievements to differ materially from those indicated by the forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company and its management cannot assure that future results covered by any forward-looking statements will be achieved. The Company disclaims any intent or obligation to update these forward-looking statements.