Attached files

                                                                    Exhibit 99.1

[TYREE HOLDINGS, CORP. LOGO]

                                Company Statement

From:   Tyree Holdings, Corp.

Re:     Chapter 11 Bankruptcy Filing by Getty Petroleum Marketing, Inc.

Date:   December 9, 2011

Tyree  acknowledges the recent news  announcement by Getty Petroleum  Marketing,
Inc. which states it and its  subsidiaries  have filed a voluntary  petition for
Chapter 11 reorganization in the United States Bankruptcy Court for the Southern
District of New York.

This type of filing affords Getty Petroleum Marketing,  Inc. time to address its
debt problems while maintaining its present business.

On  December  5,  2011,  the United  States  Bankruptcy  Court for the  Southern
District of New York approved Tyree as a ""critical vendor"." This status allows
Tyree  to  continue  its  normal  business  relationship  with  Getty  Petroleum
Marketing, Inc., by allowing Tyree to be paid for services provided prior to the
bankruptcy filing to the extent made after its designation as a critical vendor.
The order  does not apply to  payments  made to Tyree  prior to the  Chapter  11
filing.  This designation was sought for by Getty and readily welcomed by Tyree.
Additionally,   with  respect  to  post-petition  services  to  Getty  Petroleum
Marketing,  Inc.,  Tyree is  entitled to 100%  payment for such  services in the
ordinary course of Getty Petroleum Marketing, Inc.'s business.

Additionally,  Tyree has  engaged the law firm of Crowell & Moring LLP to ensure
it is  adequately  represented  and its rights are  protected  throughout  Getty
Petroleum Marketing, Inc.'s Chapter 11 reorganization.

Tyree  continues to maintain its current  level of  operations,  and to meet its
obligations to our suppliers, vendors and customers