CORRECTING and REPLACING Transtech Industries, Inc. Reports Results for the Quarter Ended March 31, 2009

For the financial table titled "Consolidated Statements of Operations," the header should read: For the Quarters Ended March 31 (sted xxx December 31).

The corrected release reads:

TRANSTECH INDUSTRIES, INC. REPORTS RESULTS FOR THE QUARTER ENDED MARCH 31, 2009

Robert V. Silva, President and Chief Executive Officer of Transtech Industries, Inc. (OTC BULLETIN BOARD:TRTI) announced the results of operations for the quarter ended March 31, 2009. The Company’s subsidiaries perform environmental services and generate electric power utilizing methane gas as fuel.

Revenues for the electricity generation segment for the quarter ended March 31, 2009 were $111,000 versus $159,000 reported for the period in 2008. The decrease in revenue was due to a decline in the price received per kilowatt generated. Gross revenues of the environmental services segment for the period in 2009 and 2008 were $153,000 and $219,000, respectively. The environmental services were conducted on sites owned or leased by members of the consolidated group in both quarters and therefore eliminated in the calculation of net revenues.

The cost of operations for the quarters ended March 31, 2009 and 2008 were $700,000 and $704,000, respectively, and other income was $139,000 and $121,000, respectively.

No income tax benefits were recognized in the period for 2009 versus $144,000 reported for the period in 2008.

Net loss for the quarter ended March 31, 2009 was $450,000, or $.15 per share, versus a net loss $280,000, or $.09 per share, for period in 2008.

The Company and certain subsidiaries previously participated in the waste recovery and waste management industries. The Company continues to incur administrative and legal expenses on matters related to its past participation in those industries. In addition, the Company may incur significant remediation and post-closure costs related to sites of past operations.

Presented below are the unaudited consolidated balance sheet as of March 31, 2009 and comparative consolidated statements of operations for the quarters ended March 31, 2009 and 2008.

TRANSTECH INDUSTRIES, INC.

AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEET

        
      
      
        
          As of March 31, 2009
        
      
      
        
          (Unaudited, in $000's)
        
      
      
        
           
        
      
      
        
          

Assets

        
      
      
        
          Cash and cash equivalents
        
        
           
        
        
          $
        
        
          741
        
      
      
        
          Marketable securities
        
        
        
        
        
        
          1,999
        
      
      
        
          Restricted escrow accounts
        
        
        
        
        
        
          1,050
        
      
      
        
          Other current assets
        
        
        
        
           
        
        
          884
        
      
      
        
          Total current assets
        
        
        
        
        
        
          4,674
        
      
      
        
          Restricted escrow accounts
        
        
        
        
        
        
          6,005
        
      
      
        
          Other assets
        
        
        
        
           
        
        
          1,978
        
      
      
        
          Total assets
        
        
        
        
          $
        
        
          12,657
        
      
      
        
           
        
      
      
        
          

Liabilities and Stockholders' Equity

        
      
      
        
          Total current liabilities
        
        
        
        
          $
        
        
          1,989
        
      
      
        
          Income taxes payable
        
        
        
        
        
        
          537
        
      
      
        
          Accrued post-closure maintenance
        
        
        
        
        
        
          7,232
        
      
      
        
          Other liabilities
        
        
        
        
          7
        
      
      
        
          Stockholders' equity
        
        
        
        
           
        
        
          2,892
        
      
      
        
          Total Liabilities and Stockholders' Equity
        
        
        
        
          $
        
        
          12,657
        
      
    
    
      
        
          

CONSOLIDATED STATEMENTS OF OPERATIONS

        
      
      
        
          (In $000's, except per share data)
        
      
      
        
           
        
      
      
        
        
        
          For the Quarters
        
      
      
        
        
        
          

Ended March 31,

2009

2008

        
      
      
        
          Gross Revenues
        
        
          $
        
        
          264
        
        
        
        
        
        
          $
        
        
          378
        
        
        
      
      
        
          Less: Eliminations
        
        
           
        
        
          (153
        
        
          )
        
        
        
        
           
        
        
          (219
        
        
          )
        
      
      
        
          Net Revenues
        
        
        
        
          111
        
        
        
        
        
        
        
        
          159
        
        
        
      
      
        
          Cost of Operations
        
        
        
        
          (700
        
        
          )
        
        
        
        
        
        
          (704
        
        
          )
        
      
      
        
          Other Income
        
        
        
        
          139
        
        
        
        
        
        
        
        
          121
        
        
        
      
      
        
          Income Tax Benefit
        
        
          -
        
        
           
        
        
        
        
           
        
        
          144
        
        
           
        
      
      
        
          Net Loss
        
        
          $
        
        
          (450
        
        
          )
        
        
        
        
          $
        
        
          (280
        
        
          )
        
      
      
        
           
        
      
      
        
          Loss per common share:
        
        
        
        
        
        
        
      
      
        
          Net Loss
        
        
          $
        
        
          (.15
        
        
          )
        
        
        
        
          $
        
        
          (.09
        
        
          )
        
      
      
        
          

Number of shares used in calculation

        
        
        
        
          2,979,190
        
        
        
        
        
        
        
        
          2,979,190
        
        
        
      
    
    

This news release may contain forward-looking statements as defined by federal securities laws, that are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risks and uncertainties include among others, the following: general economic and business conditions; the ability of the Company to implement its business strategy; the Company’s ability to successfully identify new business opportunities; changes in the industry; competition; the effect of regulatory and legal proceedings. The forward-looking statements contained in this news release speak only as of the date of release; and the Company does not undertake to revise those forward-looking statements to reflect events after the date of this release.