*TGGI* .0001 x .0002 Trans Global Group to Reduce Authorized Shares by 20 Percent
CORAL SPRINGS, Fla., Nov. 8, 2012 /PRNewswire/ -- Trans Global Group, Inc. (PinkSheets: TGGI) is pleased to announce the Company will reduce its total Authorized shares by 20%.
TGGI will file with the Amendment with the State of Nevada after the 3rd quarter report is filed reducing the number of Authorized shares from 5 Billion to 4 Billion.
The Company will look to try to reduce the number of Authorized Shares again before the end of the fiscal year 2012.
After the filing of our 3rd Quarter Financials we will forward the report to our attorney for review so he may prepare the Attorney Letter to submit to OTC Markets which will then allow the Company to return to a "PK" listing.
The Company will issue further news as events unfold over the coming weeks.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performanceor achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
CONTACT:
Chris Clarke
chris@transglobalgroupinc.com
954-509-3749
SOURCE Trans Global Group, Inc.
Copyright 2012 PR Newswire
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