Turbine Truck Engines, Inc
1301 International Speedway Blvd.
Deland, FL 32724
Via Edgar
September 24, 2007
United States Securities and Exchange Commission
Division of Corporation Finance
100 F Street, Washington, D.C. 20549
Re: | Turbine Truck Engines, Inc | |
Form: 10-KSB Year End December 31, 2006 | ||
Filed: March 28, 2007 | ||
File No. 333-109118 |
Ladies and Gentlemen:
We are in receipt of your correspondence dated September 10, 2007 with respect to the above referenced filing.
In response to your comments regarding Note 3 to the Financial Statements regarding the need to include our accounting policy with regard to equity instruments issued to non-employees, please be advised that all future filings will include a specific reference to our policy, which is as follows:
It is the Company’s policy to value compensation expense to non-employees issued equity instruments, by the fair market value of the underlying equity instrument, based upon the current market price, as quoted on the OTCBB.
The Company hereby acknowledges that:
• | The Company is responsible for the adequacy and accuracy of the disclosure in the filing; |
• | Staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and |
• | The Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
Please contact us with any questions you have in this regard.
Very truly yours, |
/s/ Michael Rouse |
Michael Rouse |