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TREE TECHNOLOGY INTERNATIONAL TO PURCHASE TWO PROPERTIES IN QUEENSLAND, AUSTRALIA

 TREE TECHNOLOGY INTERNATIONAL TO PURCHASE TWO
 PROPERTIES IN QUEENSLAND, AUSTRALIA
 NEW YORK, May 14 /PRNewswire/ -- Tree Technology International, Inc. (OTC Bulletin Board: TTEI) announced today the signing of agreements to purchase two properties in Queensland, Australia. The properties are intended to be used by TTEI to plant and grow clonal paulownia trees, for which TTEI is the exclusive worldwide licensee.
 The properties being acquired total 7,000 acres. The price being paid by TTEI is a total of two million shares of common stock of TTEI, which is currently trading at 3 1/8-4. Completion of the acquisition of the properties is subject to certain conditions, including the sellers' ability to deliver good title, a satisfactory valuation report to the effect that the properties are worth at least $11,000,000 and the approval of certain regulatory matters in Australia. Assuming the satisfaction of all closing conditions, TTEI expects that the acquisition of the properties will be completed before June 10, 1992.
 TTEI also announced the addition of two people to its board of directors, Patrick Tam and Shunichi Yamazaki. Tam, age 42, received a Ph.D. in Bioengineering from the University of California-Berkeley and M.S. and B.S. degrees from M.I.T. Since 1983, he has been president or executive vice president of four high technology companies, including currently being the president of Danube International Corp., which is a joint venture partner in a project harvesting timber from 45,000 acres in Alaska. Tam resides in Seattle.
 Shunichi Yamazaki, age 49, received a B.S. degree in Econometrics from Keio University, Tokyo. From 1977-1981, he was the managing director of Leyland Japan Ltd., a 50-50 joint venture between British Leyland Motor Corp. and Mitsui & Co., Ltd. In 1982, he established Jeep Japan Ltd. as a joint venture with American Motors Corp. to distribute the Cherokee Jeep in Japan. In 1984, due to the merger of AMC and Chrysler, Yamazaki resigned and formed Jaffco, Inc. to engage in business with Israel. In 1990, he established Carat International, Inc. and Carat International (Australia) Pty. Ltd., companies which are engaged in diversified international consulting. Yamazaki lives in Tokyo and Queensland, Australia.
 Tree Technology International holds the exclusive worldwide rights to the Paulownia Clone -- a unique plant tissue culture genetically engineered to produce a hardwood tree that grows, matures and can be harvested in just seven years.
 When cultivated by traditional means, the paulownia tree grows approximately 2.5 meters in the first season. By contrast, the Paulownia Clone can grow up to 6.0 meters (approximately 18 feet) in the first year. After seven years, the Paulownia Clone is almost two and a half times the height of a natural plant and will yield twice the timber volume. The Paulownia Clone yields valuable timber long prized in Japan and known throughout the Pacific regions. And due to its astonishingly fast growth, this tree allows rapid reclamation, reforestation and rehabilitation of land.
 Ground was broken on Jan. 13, 1992 in the Southeastern United States for TTEI's first plantation of approximately 800 acres. A second plantation in the same area is proposed to be constructed and planted by the end of 1992. Additional plantations are planned at sites in the United States, Germany, Australia and South East Asia.
 The company believes that at current prices, the value of Paulownia per thousand acres planted would be at least $110 million. The company believes that demand for this wood will grow as the world's older hardwood supplies dwindle. In an effort to maximize land use, environmental benefits and profits, each of the company's plantations when planted, is intended to be harvested on 7, 10, 14 and 17 year rotational bases. The company also anticipates providing Paulownia to the pulp industry with a harvest every four years.
 -0- 5/14/92
 /CONTACT: Tree Technology International, 800-777-2550/
 (TTEI) CO: Tree Technology International, Inc. ST: IN: PAP SU: TNM


SM -- NY005 -- 0043 05/14/92 09:00 EDT
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Date:May 14, 1992
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