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TLGI Finra deleted symbol:
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/05/2014&mkt_ctg=NON-OTCBB
Emerging Public Company Moving Forward to Establish Cargo Logistics Infrastructure Prior to Inaugural Flights!
Wednesday September 28, 9:52 am ET
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
Aggressive investors and day traders may take a look at TransGlobal Logistics, Inc. (Other OTC:TLGI.PK - News) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has selected Freight Path Air Cargo Software by FreightPath LLC of Mount Prospect, Illinois as its cargo processing software for all company air cargo operations.
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News of the forward progress may be welcomed by investors, as the company will be installing the software and training company personnel in its use prior to beginning air cargo operations in November! In addition, the company will be finalizing the acquisition of two Panamanian based companies to provide the additional logistics infrastructure to support the company's inaugural air cargo service, which will be provided by the company's air cargo affiliate, Panama International Air Express (PIA Express), between Central and South America and the United States.
Watch this company! According to the press release, the implementation of Freight Path, combined with the addition of these new companies in Panama, and the opening of freight logistics offices in Fort Lauderdale and Los Angeles will enable the company to establish contracts and begin moving air cargo for both South to North and North to South routes through third party carriers prior to beginning flight operations by PIAExpress. This bottom up strategy will enable Trans Global to establish sufficient cargo bookings prior to its inaugural flights, and thus ensure maximum cargo capacity is obtained from the start-up of flight operations.
Investors should continue to monitor the progress of TransGlobal Logistics for further developments! Gus Cervera, President and CEO of Trans Global, stated, "We are concentrating on executing our business plan, one step at a time, to ensure that we minimize our costs while maximizing the efficiency of our operations. We consider the turmoil in the general aviation sector to be an unparalleled opportunity for our company, since cargo volume and rates continue to increase, while the flexibility of our potential competitors is constrained by their legacy costs, higher than projected fuel costs, and high fixed costs. We are positioning ourselves to take advantage of the increasing profitability of cargo operations to and from Latin America, while avoiding the cost structure and predecessor issues hampering other airlines."
For updated in-depth coverage and a company profile of TransGlobal Logistics, visit http://www.backissuesofnewsalerts.us/TLGI0927.html
Prior to the press release, the stock closed yesterday at $1.30 per share.
In case you are not familiar with the company: TransGlobal Logistics is a Florida based holding company focused on the establishment of a regionally dominant inter-modal transportation group that is consolidating and combining a number of existing transportation and travel companies in order to provide transportation services under a single management umbrella. Through elimination of redundant administrative costs, and by maximizing the business synergies between its subsidiaries, TransGlobal will be able to create an organization that is more efficient and profitable than the sum of the individual components. By combining both management and transportation infrastructure in one organization, TransGlobal will be able through its acquisition strategy to vertically and horizontally integrate the necessary services required for the movement of people and cargo throughout the region.
Wall Street News Alert: U.S. Hot Stock Highlights! September 28, 2005
Wednesday September 28, 8:37 am ET
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL--(MARKET WIRE)--Sep 28, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: TransGlobal Logistics, Inc. (Other OTC:TLGI.PK - News), Microsoft (NasdaqNM:MSFT - News), Exxon Mobil Corporation (NYSE:XOM - News) and Boeing (NYSE:BA - News).
Aggressive investors and day traders may take a look at TransGlobal Logistics, Inc. (Other OTC:TLGI.PK - News) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has selected Freight Path Air Cargo Software by FreightPath LLC of Mount Prospect, Illinois as its cargo processing software for all company air cargo operations.
ADVERTISEMENT
News of the forward progress may be welcomed by investors, as the company will be installing the software and training company personnel in its use prior to beginning air cargo operations in November! In addition, the company will be finalizing the acquisition of two Panamanian based companies to provide the additional logistics infrastructure to support the company's inaugural air cargo service, which will be provided by the company's air cargo affiliate, Panama International Air Express (PIA Express), between Central and South America and the United States.
Watch this company! According to the press release, the implementation of Freight Path, combined with the addition of these new companies in Panama, and the opening of freight logistics offices in Fort Lauderdale and Los Angeles will enable the company to establish contracts and begin moving air cargo for both South to North and North to South routes through third party carriers prior to beginning flight operations by PIAExpress. This bottom up strategy will enable Trans Global to establish sufficient cargo bookings prior to its inaugural flights, and thus ensure maximum cargo capacity is obtained from the start-up of flight operations.
Investors should continue to monitor the progress of TransGlobal Logistics for further developments! Gus Cervera, President and CEO of Trans Global, stated, "We are concentrating on executing our business plan, one step at a time, to ensure that we minimize our costs while maximizing the efficiency of our operations. We consider the turmoil in the general aviation sector to be an unparalleled opportunity for our company, since cargo volume and rates continue to increase, while the flexibility of our potential competitors is constrained by their legacy costs, higher than projected fuel costs, and high fixed costs. We are positioning ourselves to take advantage of the increasing profitability of cargo operations to and from Latin America, while avoiding the cost structure and predecessor issues hampering other airlines."
For updated in-depth coverage and a company profile of TransGlobal Logistics, visit http://www.backissuesofnewsalerts.us/TLGI0927.html
Prior to the press release, the stock closed yesterday at $1.30 per share.
In case you are not familiar with the company: TransGlobal Logistics is a Florida based holding company focused on the establishment of a regionally dominant inter-modal transportation group that is consolidating and combining a number of existing transportation and travel companies in order to provide transportation services under a single management umbrella. Through elimination of redundant administrative costs, and by maximizing the business synergies between its subsidiaries, TransGlobal will be able to create an organization that is more efficient and profitable than the sum of the individual components. By combining both management and transportation infrastructure in one organization, TransGlobal will be able through its acquisition strategy to vertically and horizontally integrate the necessary services required for the movement of people and cargo throughout the region.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Microsoft (NasdaqNM:MSFT - News) up 0.2% on 48.8 million shares traded, Exxon Mobil Corporation (NYSE:XOM - News) up 0.03% on 16.8 million shares traded and Boeing (NYSE:BA - News) up 2.9% on 5.4 million shares traded.
Commentary:
"Consumer confidence plummets in August 18.9 points in a report released today from the Conference Board. The index had its biggest drop in 15 years in last month as consumers closed their wallets in the wake of the first hurricane that hit the gulf and facing $3 per gallon gas," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated Fifteen Thousand Dollars for past coverage of TransGlobal Logistics, Inc. (Other OTC:TLGI.PK - News), by a third party (Redwood Consultants LLC.) and Fifteen Thousand Dollars for current coverage of TransGlobal Logistics, Inc. (Other OTC:TLGI.PK - News), by a third party (TBeck Capital Inc.), both of whom are non-affiliated and may hold a significant positions in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.
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Source: Wall Street News Alert
TransGlobal Logistics, Inc. Moving Forward to Establish Cargo Logistics Infrastructure Prior to Inaugural Flights
Tuesday September 27, 4:05 pm ET
Company Finalizing Plans for Additional Panama Acquisitions
NAPLES, Fla.--(BUSINESS WIRE)--Sept. 27, 2005--TransGlobal Logistics, Inc. (OTC:TLGI), http://www.transglobl.com, today announced that it has selected Freight Path Air Cargo Software by FreightPath LLC of Mount Prospect, Illinois as its cargo processing software for all company air cargo operations. The company will be installing the software and training company personnel in its use prior to beginning air cargo operations in November. In addition, the company will be finalizing the acquisition of two Panamanian based companies to provide the additional logistics infrastructure to support the company's inaugural air cargo service, which will be provided by the company's air cargo affiliate, Panama International Air Express (PIA Express), between Central and South America and the United States.
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The implementation of Freight Path, combined with the addition of these new companies in Panama, and the opening of freight logistics offices in Fort Lauderdale and Los Angeles will enable the company to establish contracts and begin moving air cargo for both South to North and North to South routes through third party carriers prior to beginning flight operations by PIAExpress. This bottom up strategy will enable TransGlobal to establish sufficient cargo bookings prior to its inaugural flights, and thus ensure maximum cargo capacity is obtained from the start-up of flight operations. Because the Company's infrastructure will be in place to support its cargo carrier operations, the Company is anticipating achieving gross revenues from its cargo operations of $32,098,479 during the first twelve months of operations, with a net profit of $6,957,965.
Mr. Gus Cervera, President and CEO of TransGlobal in describing the Company's selection of Freight Path stated: "We have done extensive research on existing air cargo software packages and believe that Freight Path provides us with unequaled capability, ease of training and operation at an exceptionally economical price. When combined with the opening of our Fort Lauderdale and Los Angeles offices in October, and the addition of several new acquisitions in Panama by November, the Company will have achieved its goal of hitting the ground running when our first aircraft is delivered in November, and we receive our Certificate for Operations from the AAC in Panama. We are concentrating on executing our business plan, one step at a time, to ensure that we minimize our costs while maximizing the efficiency of our operations. We believe that by ensuring that the cost/benefit trade-off is made at every level of our operations we will meet or exceed the revenue and profit projections that we have set for the company. Our plan to establish a regional transportation infrastructure that provides seamless, cost effective shipping dock to customer service can only be accomplished by ensuring that all the components of our strategy are implemented and operating prior to the scheduling of our air operations. We believe that we are executing a plan to ensure our success. We consider the turmoil in the general aviation sector to be an unparalleled opportunity for our company, since cargo volume and rates continue to increase, while the flexibility of our potential competitors is constrained by their legacy costs, higher than projected fuel costs, and high fixed costs. We are positioning ourselves to take advantage of the increasing profitability of cargo operations to and from Latin America, while avoiding the cost structure and predecessor issues hampering other airlines."
The management of the Company recently discussed the overall business plan of the Company on a conference call with investors and brokers on Wednesday, September 21, 2005. To hear a recording of the call (available for 30 days immediately following the conference call):
Call 1-800-977-8002 in the United States or Canada or;
Call 1-404-920-6650 in the Atlanta Area or Internationally
Pin Code: Press the star key then 467111
About TransGlobal Logistics, Inc.
TransGlobal Logistics (OTC:TLGI - News), http://www.transglobl.com, is a Florida based holding company focused on the establishment of a regionally-dominant inter-modal transportation group that is consolidating and combining a number of existing transportation and travel companies in order to provide transportation services under a single management umbrella. Through elimination of redundant administrative costs, and by maximizing the business synergies between its subsidiaries, TransGlobal will be able to create an organization that is more efficient and profitable than the sum of the individual components. By combining both management and transportation infrastructure in one organization, TransGlobal will be able through its acquisition strategy to vertically and horizontally integrate the necessary services required for the movement of people and cargo throughout the region.
TransGlobal Logistics, Inc. Announces Expansion of Freight Forwarding and Brokerage Operations in US
Monday September 19, 9:00 am ET
Company to Immediately Open Offices in Fort Lauderdale and Los Angeles
NAPLES, Fla.--(BUSINESS WIRE)--Sept. 19, 2005-- TransGlobal Logistics, Inc. (OTC:TLGI - News; http://www.transglobl.com), today announced that it is expanding its freight forwarding, freight brokerage and logistics operations throughout the United States, with the immediate opening of logistics and cargo brokerage offices at Fort Lauderdale International Airport in Fort Lauderdale, Florida and at Los Angeles International Airport in Los Angeles. The company will expand its operations to Houston, Chicago, and several other major U.S. cites after the first of the year. The company is presently hiring experienced top-level executives to open these offices and commence sales operations in order to prepare for the launch of the first cargo flights by the Company in November 2005.
The Company is also expanding its cargo logistics, freight forwarding and brokerage operations in Panama through the funding of expansion capital into the present operations of P&L Logistica, a 14-year-old cargo logistics operation in Panama, which the Company recently acquired. The expansion plans for P&L Logistica include the addition of sales and marketing personnel, and the integration of more focused maritime cargo logistics operations with the triangulation of services in The Bahamas and South Florida. Based upon those expansion plans, the Company projects that it will increase the gross annual revenues of P&L Logistica from its present rate of $600,000 per annum to about $1.5 Million per annum, with profits increasing from $80,000 per annum currently to approximately $200,000. The Company is also in serious negotiations to acquire a larger freight forwarding company in Panama that specializes in maritime, land and airline cargo. The addition of the existing revenue level of this prospective acquisition could result in this cargo network producing $4.0 to 5.0 Million in revenues per annum for TGL, with annual profits of approximately $1 Million.
Mr. Gus Cervera, President and CEO of Trans Global in describing the Company's expansion strategy stated: "We had hoped to acquire a similar company in the United States, to merge with P&L Logistica, with the Panama offices handling south to north traffic and the United States entity handling north to south traffic. However, after reviewing several candidates, we have decided that the valuations being placed on the companies that are available for acquisition exceed the price that generates the return on equity that the Company should achieve. We decided that these proposed U.S. based acquisitions were too dilutive to our shareholders to pursue at this time. Therefore, we have elected to establish our own U.S. based offices and are signing leases this week for the opening of our Fort Lauderdale International Airport and Los Angeles International Airport freight forwarding operations. The Company has identified two teams of experienced professionals with detailed knowledge of their respective local markets to head these operations. These teams have over 70 combined years in the freight forwarding and brokerage industry, and we expect them to have an immediate impact on the freight bookings of these new offices. In October and November, we will be placing more than sufficient cargo with third party carriers from our freight forwarding operations in Panama and the United States to assure full utilization of the available space on our first cargo route when TGL's Air Cargo affiliate PIA Express begins flight operations in November. Cargo demand in the region currently exceeds the uplift capacity, and as a result of the passing of the CAFTA treaty, demand will continue to expand. Our two new offices will enable The Company to support this demand for uplift capacity when we begin flight operations. This expansion is part of our vertical and horizontal growth strategy to be able to handle the logistics of our cargo customers, while simultaneously acting as the air carrier for a substantial number of their cargo shipments."
The management of the Company will be discussing its current operations and its immediate expansion plans in a conference call with the brokerage and investment community, which will be held this Wednesday, September 21, 2005 at 4:15 PM.
Interested parties may hear the conference call by telephone.
To hear the conference call as it takes place:
Call 1-800-434-1335 in the United States or Canada or;
Call 1-404-920-6620 in the Atlanta Area or Internationally
Pin Code: 467111
Exclusive:
For Expedited Entry into the Conference, please register via this link for your Direct Access 800 number
http://www.AccuConference.com/TLGI
To hear a recording of the call (available for 30 days immediately following the conference call):
Call 1-800-977-8002 in the United States or Canada or;
Call 1-404-920-6650 in the Atlanta Area or Internationally
Pin Code: Press the star (*) key then 467111
ABOUT TRANSGLOBAL LOGISTICS, INC.:
TransGlobal Logistics (OTC:TLGI - News; www.transglobl.com) is a Florida based holding company focused on the establishment of a regionally-dominant inter-modal transportation group that is consolidating and combining a number of existing transportation and travel companies in order to provide transportation services under a single management umbrella. Through elimination of redundant administrative costs, and by maximizing the business synergies between its subsidiaries, TransGlobal will be able to create an organization that is more efficient and profitable than the sum of the individual components. By combining both management and transportation infrastructure in one organization, TransGlobal will be able through its acquisition strategy to vertically and horizontally integrate the necessary services required for the movement of people and cargo throughout the region.
TransGlobal Logistics, Inc. Announces the Appointment of Joseph R. Smith to the Board of Directors
Thursday September 15, 9:49 am ET
NAPLES, Fla.--(BUSINESS WIRE)--Sept. 15, 2005--TransGlobal Logistics, Inc. (OTC:TLGI - News), http://www.transglobl.com, today announced the appointment of Joseph R. Smith to its Board of Directors. TransGlobal Logistics, Inc. (TLGI) is a Florida based holding company focused on the consolidation of a number of transportation and travel related companies that serve the Caribbean, Central and South America.
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Mr. Smith is an experienced airline and cargo expert with over 40 years experience in the industry. He is currently the Vice President of the Florida Foreign Trade Association, a position he has held for the past 4 years, participating in over 30 International Trade Missions and Conventions. As Vice President of FFTA, he has acted as a U.S. Delegate of ALACAT - Federacion de Associaciones de Agentes de Carga y Operadores Logisticos Internacionales de America Latina y del Caribe, which is the trade association for airline carriers servicing Latin America and the Caribbean. Prior to becoming Vice President of FFTA, Mr. Smith served as Manager Cargo USA for COPA, the Panamanian flagship airline, and was responsible for all COPA air cargo sales and service throughout the United States, and initiated COPA's cargo sales programs in Europe and Asia. Mr. Smith has also served as cargo manager in Miami for three other major international airlines since 1985. His detailed knowledge of the air cargo industry and his hands on experience in start-up cargo operations for major carriers has provided Mr. Smith with not only a unique perspective on the industry, but the knowledge base to assist and advise TGL management in the establishment of the company's cargo operations.
In discussing Mr. Smith's appointment to the Board of Directors, TGL President and CEO Mr. Gus Cervera stated: "Mr. Smith's unparalleled experience in the air cargo industry, specifically his background in managing the start-up of international air cargo sales and freighter operations for several major carriers brings to the TGL Board a knowledge of the industry that is second to none. His personal knowledge of and contacts within the aviation and air cargo communities in both Latin America and the Caribbean Basin will provide TGL with instant credibility, as we move forward with both our acquisition strategy and the start-up of our internal cargo operations. We anticipate that Mr. Smith's initial contributions to the company will be in two areas. First, in this time of increasing fuel costs, Mr. Smith's operational knowledge of the air cargo industry in the region, will enable TGL to establish those commercial alliances and join those key organizations that will enable us to share in advantages of bulk fuel buying and the hedging of future fuel costs. Second, Mr. Smith will be assisting management in the final negotiations for the acquisition of a number of companies that will complete our air, ground and maritime cargo division. We believe that Mr. Smith's experience, reputation, and professionalism will play a crucial role in the execution of the company's business plan and management's commitment to the shareholders to establish TGL as a leader in the transportation industry in Latin America and the Caribbean."
When reached to discuss his appointment, Mr. Smith said: "The opportunity presented to me by TGL management is one that I believe comes along once in a lifetime. I believe that my experience and professional and personal contacts in the industry and throughout the region will allow me to help TGL move forward with the company's plan to establish the premier inter-modal cargo organization in Latin America and the Caribbean. I look forward to working with the TGL management team in making our goals a reality."
About TransGlobal Logistics, Inc.:
TransGlobal Logistics (OTC:TLGI - News), http://www.transglobl.com is a Florida based holding company focused on the establishment of a regionally-dominant inter-modal transportation group that is consolidating and combining a number of existing transportation and travel companies in order to provide transportation services under a single management umbrella. By combining both management and transportation infrastructure in one organization, TransGlobal will be able through its acquisition strategy to vertically and horizontally integrate the necessary services required for the movement of people and cargo throughout the region.
Forward Looking Statements:
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the Company will appropriately inform the public.
--------------------------------------------------------------------------------
Contact:
For TransGlobal Logistics, Inc., Naples
Redwood Consultants
Jens Dalsgaard, 415-884-0348
--------------------------------------------------------------------------------
Source: TransGlobal Logistics, Inc.
Trans Global Logistics, Inc. Announces Investor Conference Call Hosted by Company President and CEO, Gus Cervera
Wednesday September 14, 9:00 am ET
NAPLES, Fla.--(BUSINESS WIRE)--Sept. 14, 2005--Trans Global Logistics, Inc. (Pink Sheets:TLGI - News), a Florida based holding company focused on the consolidation of a number of transportation and travel related companies that serve the Caribbean, Central and South America, today announced that it will host an investor conference call to begin at 4:15 p.m. Eastern Standard Time on Wednesday, September 21, 2005.
In discussing the conference call, Gus Cervera, President and CEO of Trans Global, stated, "We are very excited with the results achieved during our first month as a public company, and the opportunities that we have generated for both internal growth through expansion and the hiring of new team members, as well as for external growth through acquisitions. We have a commitment to our shareholders, as well as the investment community, for maximum disclosure and communication, and for that reason, we believe a thorough discussion of the implementation of our business plan, financial results and projections, and our acquisition program is called for at this time."
Interested parties may hear the conference call by telephone.
Instructions for hearing the conference call:
To hear the conference call as it takes place:
Call 1-800-434-1335 in the United States or Canada or;
Call 1-404-920-6620 in the Atlanta Area or Internationally
Pin Code: 467111
Exclusive:
For Expedited Entry into the Conference, please register via this link for your Direct Access 800 number
http://www.AccuConference.com/TLGI
To hear a recording of the call (available for 30 days immediately following the conference call):
Call 1-800-977-8002 in the United States or Canada or;
Call 1-404-920-6650 in the Atlanta Area or Internationally
Pin Code: Press the star (asterisk) key then 467111
About Trans Global Logistics, Inc.:
Trans Global Logistics (Pink Sheets:TLGI - News), http://www.transglobl.com, is a Florida based holding company focused on the establishment of a regionally-dominant inter-modal transportation group that is consolidating and combining a number of existing transportation and travel companies in order to provide transportation services under a single management umbrella. Trans Global's affiliated companies include Panama International Air (PIA), a new Panama Flag Category 1 passenger airline that is completing its certification process; PIA Express, the Air Cargo Division of PIA; and P&L Logistica, a Panama-based cargo logistics company. The company anticipates further acquisitions in the coming months to include an international freight forwarder; a Panama-based courier and package delivery service; and several other transportation related companies. By combining both management and transportation infrastructure in one organization, Trans Global will be able through its acquisition strategy to vertically and horizontally integrate the necessary services required for the movement of people and cargo throughout the region.
Forward Looking Statements:
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; the Company will appropriately inform the public.
--------------------------------------------------------------------------------
Contact:
For Trans Global Logistics, Inc., Naples
Redwood Consultants, LLC
Jens Dalsgaard, 415-884-0348
--------------------------------------------------------------------------------
Source: Trans Global Logistics, Inc.
Panama International Air (PIA) Opens and Dedicates Executive Offices in Panama City, Panama
Thursday August 25, 9:00 am ET
NAPLES, Fla.--(BUSINESS WIRE)--Aug. 25, 2005--Trans Global Logistics Inc. (OTC:TLGI - News), http://www.transglobl.com, today announced that its affiliate, Panama International Air (PIA), opened and dedicated its Executive Offices in Panama City, Panama during an evening Gala on August 17th. The Executive offices will house the company's sales and marketing operations, the company's executive management team and also provide ticket counter services for its customers. PIA operates a second facility in Panama City, that houses all company operations activities. The operations center, which was opened in January, is being used for Flight Crew and Flight Attendant training, and by the company's certification team as it completes the final requirements for Panama's Civil Aeronautical Authority to become a Category 1 Air Cargo and Passenger Airline. PIA has become the cornerstone of Trans Global's strategic plan for the establishment of a regional inter-modal transportation group in the Latin American region and is rapidly moving forward towards the completion of its certification process in Panama. The Company plans to initiate air cargo operations beginning in late October 2005 and scheduled passenger operations following shortly there after.
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In discussing the opening of the PIA's new Executive Offices, President and CEO of Trans Global, Mr. Gus Cervera stated: "This is a great day for Panama International Air. The opening of these executive offices is a milestone in the efforts of the Trans Global/PIA team in moving forward with the certification process and getting PIA up and flying. We are very excited about PIA's future, and wish to thank the many employees, friends and government officials who were able to celebrate with us tonight."
About Trans Global Logistics, Inc.:
Trans Global Logistics (OTC:TLGI - News), http://www.transglobl.com, is a Florida based holding company focused on the establishment of a regionally-dominant inter-modal transportation group that is consolidating and combining a number of existing transportation and travel companies in order to provide transportation services under a single management umbrella. Trans Global's affiliated companies include Panama International Air (PIA), a new Panama Flag Category 1 passenger airline that is completing its certification process; PIA Express, the Air Cargo Division of PIA; and P&L Logistica, a Panama-based cargo logistics company. The company anticipates further acquisitions in the coming months to include an international freight forwarder; a Panama-based courier and package delivery service; and several other transportation related companies. By combining both management and transportation infrastructure in one organization, Trans Global will be able through its acquisition strategy to vertically and horizontally integrate the necessary services required for the movement of people and cargo throughout the region.
Forward Looking Statements:
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; the Company will appropriately inform the public.
--------------------------------------------------------------------------------
Contact:
For Trans Global Logistics Inc., Naples
Redwood Consultants
Jens Dalsgaard, 415-884-0348
--------------------------------------------------------------------------------
Source: Trans Global Logistics Inc.
this company is placing its services very strategically in the growth area of the globe.
latin america is the next big business sector to be tapped and TLGI is on target to capture the profits.
Trans Global Logistics Inc. Announces the Funding of the Acquisition of P & L Projectos y Logistica Internacional, S. A., a Panamanian Cargo Logistics Company
Wednesday August 17, 9:00 am ET
NAPLES, Fla.--(BUSINESS WIRE)--Aug. 17, 2005--Trans Global Logistics Inc. (OTC:TLGI - News; http://www.transglobl.com) today announced it has completed the initial funding of the previously announced acquisition of a controlling interest in P & L Projectos y Logistica Internacional, S. A., a fourteen year old cargo logistics and consolidator that is based in the Free Trade Zone in Panama. The effective date of the acquisition for financial reporting purposes is August 1, 2005. The acquisition of P & L Logistica is the Company's latest step in its efforts to develop a multi-modal transportation network focusing on Latin America.
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Last year, Trans Global acquired an interest in Panama International Air (PIA) to become the cornerstone of the Company's strategic plan in the Latin American region, and has moved forward towards the completion of PIA's certification process in Panama. The Company plans to initiate air cargo operations beginning in late October 2005, after certification of its planes and operations are received, and initiate scheduled passenger operations shortly thereafter. P & L Logistica will take the lead in organizing and spearheading the Company's cargo logistics and consolidation operations from its base in Panama.
P & L Logistica was incorporated in the Republic of Panama in May of 1991 and during its 14 year history has operated a successful and profitable logistics business offering a variety of transportation and consolidation services in maritime, air, and ground cargo. The company operates from leased warehouse space in the Free Trade Zone in Panama.
P & L Logistica provides the following services to its clients:
Cargo Handling - P & L Logistica provides domestic and international sea, air, and ground cargo handling. The company also provides cargo containerization and palletization services for its clients, and operates out of Tocumen International Airport as well as the Atlantic port city of Cristobal, and the Pacific port city of Balboa.
Space Logistics Operations - P & L Logistica brokers cargo space on ships and flights from various points in Central and South America bound to the United States and Europe. Space logistics involves contracting for bulk cargo space and selling that space to customers with shipping needs.
Ground Transportation - P & L Logistica offers to its clients the ability to transport their cargo door-to-door for pick up or delivery of cargo. The company leases trucks for this operation.
Warehousing - P & L Logistica has the facilities and equipment at its location in the Free Trade Zone to offer warehousing services. With the additional services that will be provided by sister companies within the TGL system, P & L will be able to take advantage of the available space and market these facilities to enhance revenue produced by this segment.
General Sales Agent Services - P & L Logistica will serve as an agent to broker the cargo space available in PIA Express aircraft, as well as TGL's intended maritime division.
Data Services - P & L Logistica will be able to offer data bank, as well as operating software services, to any number of logistics companies that might want to fully automate their operations. TGL is developing a packaged service that can accommodate via the Internet a fully functional operating system, totally secure, that can be utilized by companies that are at the level where utilization of these services are a necessity rather than just a convenience.
As the newest affiliate of Trans Global, P & L Logistica will enable Trans Global to capitalize on the growing importance of the Caribbean Basin and Central America as the most important trade crossroads of the world.
In discussing the acquisition of P & L Logistica, Trans Global's President and CEO, Mr. Gus Cervera stated: "Our ability to provide a seamless 'shipping dock to customer service' to our cargo customers will enable Trans Global to solidify its position in the Caribbean and Central American region. P & L Logistica has not only the expertise and customer base to enable Trans Global to make a significant impact in this region, but also maintains the highest reputation with its customer base for prompt, reliable and cost competitive service. P & L Logistica will enable Trans Global to accelerate its timeline for establishing its cargo operations, and we welcome them to the Trans Global organization."
P & L Logistica is estimated to generate over $800,000 of gross revenues in 2005 with a net profit of over $80,000, without consideration of the revenues and profits generated by other subsidiaries of Trans Global in handling the cargo generated through the P & L Logistica operations. When fully consolidated with the operations of Trans Global, P & L is estimated to generate $1,200,000 of gross revenues in 2006, with a net profit of $120,000. It is estimated that P & L will handle over 26 million pounds of cargo shipments annually in areas serviced by Trans Global and its affiliated companies.
About Trans Global Logistics, Inc.:
Trans Global Logistics, a 3-year-old Maryland Corporation, is based in Florida and will focus its activities on the acquisition and development of transportation and travel-oriented companies in the Caribbean basin and Central America. The recent passing of the CAFTA treaty in the United States will drastically change the state of commerce between the United States and Central America, increasing both the flow of cargo and passenger airline traffic between the countries in the region. This increase in cargo and passenger traffic, in a region already suffering from an under capacity of cargo platforms, will ensure dramatic growth in the market. Trans Global, through its multi-faceted acquisition strategy, will be positioned to secure a dominant position in the region's inter-modal transportation markets.
Forward Looking Statements:
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; the Company will appropriately inform the public.
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Contact:
For Trans Global Logistics, Inc., Naples
Redwood Consultants
Jens Dalsgaard, 415-884-0348
Wall Street Resources, Inc. Initiates Research Coverage on Trans Global Logistics, Inc With an Initial Valuation Target of $7.94
Wednesday August 10, 9:00 am ET
MIAMI--(BUSINESS WIRE)--Aug. 10, 2005--Trans Global Logistics, Inc. (OTC: TLGI - News) announced today that Wall Street Resources, Inc. (WSR) has released a research report covering the Company with an initial valuation target of $7.94. The report is now available for review at: http://www.wallstreetresources.net/pdf/fc/TLGI.pdf
Gerald N. Kieft, the founder and President of Wall Street Resources (WSR), has dedicated his career to micro capital company investing. Over the last decade, he has analyzed hundreds of micro-to-small capital companies as a buy-side analyst, a sell-side analyst and a portfolio manager. Using the experience he obtained in his prior affiliations, he founded WSR to connect sophisticated microcap investors with carefully selected microcap investment opportunities. The companies he covered in 2004 increased an average of 92.5%. You can review his comprehensive results at http://wallstreetresources.net/pdf/p/12-31-04_FCP.pdf
"After years of planning and hard work it was time to introduce Trans Global Logistics, Inc. to the investment community and Wall Street Resources came highly recommended. We are very impressed with WSR's professionalism as well as the thorough analysis of our company that was made in developing WSR's report," stated Gus Cervera, Trans Global's President and CEO. "In a competitive marketplace, we understand the need to make potential investors aware of outstanding business opportunities. We believe in the potential of Trans Global and are excited at the credibility we will achieve as a result of WSR's analysis."
About Trans Global Logistics, Inc.:
Trans Global Logistics, a 3-year-old Maryland Corporation, is based in Florida and will focus its activities on the acquisition and development of transportation and travel-oriented companies in the Caribbean basin and Central America. Trans Global's acquisition of an interest in Panama International Air (PIA) last year signaled its initial effort in achieving the goal of establishing a transportation holding conglomerate. This group will be positioned to capitalize on the growing importance of the Caribbean Basin and Central America as a trade crossroads strategically positioned between the resources and emerging consumer markets of Central and South America, and the manufacturing centers of the United States, Europe and the Far East. The recent passing of the CAFTA treaty in the United States will drastically change the state of commerce between the United States and Central America, increasing both the flow of cargo and passenger airline traffic between the countries in the region. This increase in cargo and passenger traffic, in a region already suffering from an under capacity of cargo platforms, will ensure dramatic growth in the market. Trans Global, through its multi-faceted acquisition strategy, will be positioned to secure a dominant position in the region's inter-modal transportation markets. Trans Global is combining the management and transportation infrastructure under one organization in order to vertically and horizontally integrate the necessary services that are required for the transport of cargo and people throughout the region. Just as new airlines begin and grow by offering customers a low cost alternative to the established airline players in the industry, Trans Global is offering a lower cost alternative to its air and maritime cargo customers whose initial point of departure or ultimate destination is the Caribbean Basin or Latin America.
About Wall Street Resources, Inc. - www.wallstreetresources.net
Wall Street Resources provides professional consulting services for emerging growth companies and fresh ideas for sophisticated investors. As specialists in the micro-cap and small-cap space, WSR has a proven track record of identifying under-valued companies with promising futures. Through its specially designed research and consulting services, qualified companies can garner first-class analytical profiles, retool their strategic plans, and set a course for optimal share value and prosperous growth down the road.
Sophisticated investors turn to WSR for innovative ideas in the micro-cap and small-cap space. With a broad range of experience in the buy-side arena, WSR's principals know what microcap investors are looking for. From in-depth Analytical Profiles to a variety of proprietary portfolio ideas, professional investors come to rely on WSR for first-rate investment ideas.
TransGlobal Logistics, Inc. Announces the Appointment of Joel M. Chusid as Chairman of the Board of Directors
Monday August 8, 4:05 pm ET
NAPLES, Fla.--(BUSINESS WIRE)--Aug. 8, 2005--TransGlobal Logistics, Inc. (OTC: TLGI - News; http://www.transglobl.com), today announced the appointment of Joel M. Chusid as Chairman of the Board of Directors. TransGlobal Logistics, Inc. (TLGI) is a Florida based holding company focused on the consolidation of a number of transportation and travel related companies that serve the Caribbean, Central and South America.
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Mr. Chusid is an experienced travel, logistics, and tourism professional who has led U.S. domestic and international air carriers in their strategic positioning in sales and business development, marketing, and branding. In addition to the U.S., his specific geographic expertise includes China, the Caribbean, The Bahamas, and Latin America. Holding executive positions at a large U.S. airline (American Airlines), an entrepreneurial regional carrier (American Eagle), and a foreign-flag airline (China Eastern Airlines) have provided Mr. Chusid with a unique perspective, the knowledge of which has been adapted to a variety of airlines, hospitality, and tourism industries.
Mr. Chusid was one of the creators of American Eagle, American Airlines' regional airline affiliate, now acknowledged to be the world's largest operation of its kind. His position as Vice President, Sales & Marketing, included responsibilities in sales strategies and management, goal development, advertising, consumer research, pricing, service and product design. At China Eastern Airlines, as the company's only non-Chinese executive and Managing Director, Sales & Marketing for The Americas, Mr. Chusid was responsible for bridging business and cultural gaps in the company's U.S. operation by introducing proactive selling and internet presence for both the Chinese and Indian markets.
Having developed a resourceful travel industry network of influential business associates, Mr. Chusid brings complementary skills from all functional areas. He is multi-lingual and well respected internationally, has published numerous articles, and is often called upon to comment on industry issues to the media and to speak or moderate panels at conferences.
Mr. Chusid received his M.B.A. in International Management from the University of Dallas Graduate School of Management in Dallas, TX and his B.S. in Marketing & Logistics from the University of Tennessee in Knoxville, TN. He serves on the Board of Directors & Executive Committee of the Association of Travel Marketing Executives, is Secretary for the National Board of Directors, Hostelling International - USA, and is a member of SKAL International and PROST Los Angeles. He resides in Dallas, Texas and Buenos Aires, Argentina.
In discussing the acceptance by Mr. Chusid of the Chairman's position, President and CEO of TransGlobal, Mr. Gus Cervera stated, "We at TransGlobal are very excited by Mr. Chusid's acceptance of this appointment as Chairman of the Board. We believe that he will bring to the company, the board, and the management team a wealth of experience that is immeasurable in terms of the impact it will have on the company's ultimate success. He possesses not only the experience of a seasoned executive from his years in the transportation industry, but also a demonstrated successful track record in accomplishing many of the business goals we have set for TransGlobal. He is a consummate professional with an impeccable reputation, and we know his contribution to our efforts in the development of TransGlobal will make our vision a reality for both our company and our shareholders."
When reached to discuss his appointment, Mr. Chusid said, "New businesses start up every day, but TransGlobal's business plan struck me as a fresh approach to logistics and transportation in the Caribbean and Central America. The Caribbean and Central America have always fascinated me, and it's a good feeling to be able to make a contribution to further the economic development of this exciting region, especially with the Central America Free Trade Agreement (CAFTA) signed only last week. I look forward to working with such a dynamic and professional group of individuals, and share their common vision."
ABOUT TRANSGLOBAL LOGISTICS, INC.:
TransGlobal Logistics (OTC:TLGI - News; www.transglobl.com) is a Florida based holding company focused on the establishment of a regionally-dominant inter-modal transportation group that is consolidating and combining a number of existing transportation and travel companies in order to provide transportation services under a single management umbrella. Through elimination of redundant administrative costs, and by maximizing the business synergies between its subsidiaries, TransGlobal will be able to create an organization that is more efficient and profitable than the sum of the individual components.
TransGlobal's affiliated companies include Panama International Air (PIA), a new Panama Flag Category 1 passenger airline that is completing its certification process; PIA Express, the Air Cargo Division of PIA; and P&L Logistica, a Panama-based cargo logistics company. The company anticipates further acquisitions in the coming months to include a New York based international freight forwarder with offices in 4 major U.S. cities and 22 countries; a Panama-based courier and package delivery service; and several other transportation related companies. By combining both management and transportation infrastructure in one organization, TransGlobal will be able through its acquisition strategy to vertically and horizontally integrate the necessary services required for the movement of people and cargo throughout the region.
nice,...expected revenues>>>
"The Company's subsidiaries and acquisitions through existing contracts and contracts coming into place is projected to generate gross revenues of $$8,387,491 for the remainder of 2005, which is expected to increase $65,509,360 on a consolidated basis in 2006. The Company is projected to recognize earnings before interest, taxes, depreciation and amortization of $3,378,611 with earnings of $0.37 per share in 2005, which is projected to increase to $17,858,122 of EBITDA and $1.51 per share of earnings in 2006. .
Trans Global Logistics Inc., a Transportation and Logistics Holding Company, Completes Entry into Public Marketplace
Tuesday August 2, 6:00 pm ET
NAPLES, Fla.--(BUSINESS WIRE)--Aug. 2, 2005--Trans Global Logistics Inc. (OTC:TLGI - News) - http://www.transglobl.com - today announced its entry into the public marketplace as its next step in its efforts for the development of a multi-modal transportation network. Last year Trans Global acquired an interest in Panama International Air (PIA) to become the cornerstone of the company's strategic plan in the Latin American region and has moved forward towards the completion of PIA's certification process in Panama. The Company plans to initiate air cargo operations beginning in late October 2005 and scheduled passenger operations following shortly there after.
Trans Global Logistics, a 3-year-old Maryland Corporation, is based in Florida and will focus its activities on the acquisition and development of transportation and travel-oriented companies in the Caribbean basin and Central America. Trans Global's acquisition of an interest in PIA last year signaled its initial effort in achieving the goal of establishing a transportation holding conglomerate. This group will be positioned to capitalize on the growing importance of the Caribbean Basin and Central America as a trade crossroads strategically positioned between the resources and emerging consumer markets of Central and South America, and the manufacturing centers of the United States, Europe and the Far East. The recent passing of the CAFTA treaty in the United States will drastically change the state of commerce between the United States and Central America, increasing both the flow of cargo and passenger airline traffic between the countries in the region. This increase in cargo and passenger traffic, in a region already suffering from an under capacity of cargo platforms, will ensure dramatic growth in the market. Trans Global, through its multi-faceted acquisition strategy, will be positioned to secure a dominant position in the region's inter-modal transportation markets. Trans Global is combining the management and transportation infrastructure under one organization in order to vertically and horizontally integrate the necessary services that are required for the transport of cargo and people throughout the region. Just as new airlines begin and grow by offering customers a low cost alternative to the established airline players in the industry, Trans Global is offering a lower cost alternative to its air and maritime cargo customers whose initial point of departure or ultimate destination is the Caribbean Basin or Latin America.
The companies that Trans Global has acquired, or plans to acquire or develop include:
PIAExpress - Trans Global's air cargo operations will be a coordinated effort between PIAExpress and the logistics and freight forwarding companies acquired by Trans Global. Trans Global will also initiate air cargo operations out of Los Angeles into Mexico City and Guadalajara. This plan will give PIAExpress a gateway for business from the Pacific Rim through Mexico all the way to South America.
P&L Logistica - Trans Global has acquired a controlling interest in this logistics company operating in the Free Trade Zone in Panama. P&L Logistica offers a variety of transportation and consolidation services in maritime, airline, and ground cargo. These services include: cargo handling; space logistics operations; ground handling; warehousing; general sales agent services; and data services. P&L Logistica will enable TGL subsidiary companies to integrate inter-modal cargo services through cargo transiting Panama.
Panama International Air (PIA) - is a Panama flag international passenger airline that is completing its certification process to begin passenger flight operations no later than the first quarter of 2006. The airline will expand operations to include various point-to-point routes to destinations in the Caribbean, Central America and Florida from gateway airports in Panama City, Panama and a future hub in the Caribbean.
International Freight Forwarder - Trans Global is in final negotiations to acquire a controlling interest in an international freight forwarder headquartered in New York City. This company has offices in London, Miami, Mexico City, Los Angeles and Chicago with partners in 22 foreign countries. They have extensive customer networks in both Europe and the Far East, with Central and South America and will provide Trans Global with extensive maritime and ground transportation opportunities.
Courier and Package Delivery Company - Trans Global is in preliminary discussions to acquire a controlling interest in a Panama based courier and overnight package delivery company. This company has extensive contracts with both the United States and Panamanian Governments, and will work with both PIA and PIAExpress to expand their airborne delivery service.
The Company's subsidiaries and acquisitions through existing contracts and contracts coming into place is projected to generate gross revenues of $$8,387,491 for the remainder of 2005, which is expected to increase $65,509,360 on a consolidated basis in 2006. The Company is projected to recognize earnings before interest, taxes, depreciation and amortization of $3,378,611 with earnings of $0.37 per share in 2005, which is projected to increase to $17,858,122 of EBITDA and $1.51 per share of earnings in 2006. .
In discussing the entry of the Company into the public marketplace, CEO and Chairman of the Board of Trans Global, Mr. Gus Cervera, stated: "Entering the public marketplace at this time provides access to capital at a more reasonable cost than we have paid as a private company, as well as publicly traded shares that can be utilized in the various acquisitions that we have planned. As a public entity, Trans Global will continue executing our proven business model as we meet and exceed our revenue projections. The exposure Trans Global will receive as a publicly traded stock in the institutional arena will allow us to aggressively roll-up complimentary freight forwarders, cargo handlers and other transportation service companies through synergistic acquisitions of unique companies that can prosper as part of a much bigger public company. As the sole international corporate player focused on the Latin American cargo and passenger market, with a hub in Panama City, Panama and freight forwarding offices located in Miami, Los Angeles, New York, Chicago, London, Mexico, and Hong Kong, Trans Global will be positioned to take advantage of the projected increase in cargo traffic to and from Latin America, which is currently underserved by the market."
we're waiting for that also. appears to be alot of potential.
they're certainly positioned geographically to capture the market they are focusing on. and with the low float it can move quickly.
from Pinksheets.com
TLGI -- Trans Global Logistics, Inc.
Com ($0.001)
Tradability Opinion (for the period ending 07/05/2005)
Jul 8 2005 ET
15c2-11 Information Statement (for the period ending 06/30/2005)
Jul 8 2005 ET
Interim Financial Report (for the period ending 03/31/2005)
Jul 8 2005 ET
Annual Report (for the period ending 12/31/2004)
Jul 8 2005 ET
Annual Report (for the period ending 12/31/2003)
Jul 8 2005 ET
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