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There is more to clarify, but that's a start.
The corporate update was a wise decision.
I'm doing the DD on this one as we speak.
Looks Like ALFE will gain Kazore soon.
TGGI Issues Corporate Update
FSM Begins Audit and Releases New Version of 5 Boards; TGGI to Cancel 500 Million Shares of Common Stock
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TGGI.PK 0.00 +0.00
{"s" : "tggi.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Trans Global Group, Inc. On Thursday July 8, 2010, 8:00 am EDT
FORT LAUDERDALE, FL--(Marketwire - 07/08/10) - Trans Global Group, Inc. (Pinksheets:TGGI - News) and its wholly owned subsidiary, Kazore Holdings, Inc. D/B/A Full Spectrum Media ("FSM"), www.4fsm.com, begins work on its audit and releases the latest version of www.5boards.com, as well as announces the completion of its fast growing board sport social site's iPhone application.
TGGI has reached an agreement to cancel the 500 million shares of common stock issued to acquire FSM in exchange for Preferred Stock of Kazore Holdings, Inc. In a move to ready the Company for the sale of FSM to American Life Holding Company (OTC.BB:ALFE - News), TGGI will help increase shareholder value by canceling the shares ahead of the transaction and reducing the authorized shares of the Company.
TGGI has consolidated operations of its insulation business under All Weather Insulation and is in the process of closing its subsidiary Ecosafe Insulation of Florida. The consolidation will save time and money for the company when preparing its financial information.
TGGI will be changing the name of the parent company Trans Global Group, Inc. to a name that better reflects the company's operations.
5boards iPhone application will soon be available for free download on the Apple iTunes store. After dedicated programming efforts by Full Spectrum Media the mobile application has successfully proven its one-of-a-kind feature set for board sport enthusiasts.
Catering to approximately 50 million boarders worldwide who participate in Surfing, Skateboarding, Wakeboarding, Kiteboarding and Snowboarding, the 5boards application provides geo tracking to boarders' favorite spots to ride their boards, as well as offers shops, events and a way to communicate with other active 5boards members. Additionally, the 5boards application will be pioneering the first ever boat launch locator, which is a resourceful tool for Wake Boarders and boat enthusiasts. Other future tools will include wind speed reports for Kiteboarders, snow reports for Snowboarders and wave reports for Surfers. Version one will be a free download on the Apple iTunes store. It has been submitted to Apple and will include advertising of popular board sport companies. Version two will offer added tools for a $4.99 purchase through iTunes.
"With 5boards already loyal customer base, the uniqueness of combining the five most popular board sports in one mobile application has received incredible reviews in the boarding community," states founder Randy Schneider.
Simultaneously, 5boards is also launching a completely new website that will support the programming efforts put into the mobile application.
Currently, 5boards.com has a member presence in over twenty countries worldwide and continues to grow its member base daily. Advertising and partnership agreements by industry leaders are being discussed in conjunction with the launch of the 5boards application for mobile devices.
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, performance or 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:
TGGI Signs LOI to Sell FSM to ALFE
ALFE Files 8K Reporting the Transaction; TGGI Is Upgraded to Full PS Status by Pinksheets
Companies:TRANS GLOBAL GRP IN Related Quotes
Symbol Price Change
TGGI.PK 0.00 +0.00
{"s" : "tggi.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Trans Global Group, Inc. On Wednesday June 16, 2010, 8:00 am EDT
FORT LAUDERDALE, FL--(Marketwire - 06/16/10) - Trans Global Group, Inc. (Pinksheets:TGGI - News) and its wholly owned subsidiary, Kazore Holdings, Inc. DBA Full Spectrum Media ("FSM") (www.4fsm.com), have signed an LOI with American Life Holdings Company, Inc. (OTC.BB:ALFE - News) to acquire FSM from TGGI in an all stock transaction.
TGGI entered into a non-binding letter of intent as to a prospective sale of 100% of the capital stock of Kazore Holdings, Inc. ("Kazore Shares") in exchange for shares of ALFE common stock. The amount of ALFE shares to be issued in exchange for the Kazore Shares will be determined and based on the closing bid price of the ALFE Shares and the value of the Kazore Shares on the day the audited financial statements of Kazore Holdings, Inc. are completed.
Kazore Holdings, Inc. is a wholly-owned subsidiary of TGGI is engaged in the design, development and hosting of marketing software technology through its wholly-owned subsidiary Kazore, LLC, DBA Full Spectrum Media. Mr. Schneider, a newly appointed director of ALFE is also president and director of Kazore Holdings, Inc. and former managing member of Kazore LLC.
Completion of the acquisition will be contingent upon certain closing conditions including normal due diligence considerations, completion of audited financial statements for Kazore Holdings, Inc., and execution of definitive agreements by the parties on or before August 1, 2010.
In addition, the definitive agreements will provide that, subject to Nevada Revised Statutes Section 78.288, within sixty (60) days following the closing ALFE shall use its best efforts to file a registration statement with the Securities and Exchange Commission to register the ALFE Shares for distribution by TGGI to the shareholders of TGGI.
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, performance or 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:
For additional information about this release please contact: Wallstreet Review 954-617-5663
Related Headlines
AWI Launches New Website and Retains Gary Gray as Independent Sales Rep for Rigs - Marketwire
Full Spectrum Media Awarded $500,000 Contract - Business Wire
Continued Growth for FSM as They Continue to Put Companies on the Map! - Business Wire
Full Spectrum Media (FSM) Awarded the National Marketing Campaign for SEXLETS Gum - Marketwire
TGGI Issues Corporate Update - Marketwire
TGGI has signed a letter of Intent to sell Kazore Holdings, Inc to American Life Holding Co. ("ALFE") in an all stock transaction. The transaction has not yet been completed, but will be completed in the near future. FSM needs to be audited before the transaction can take place. They have been compiling information for the auditors of ALFE and will be sending that information to them prior to the end of the month. The audit is taking a lot longer than first anticipated because FSM is going through a growth spurt and recently moved into their new 10,000 square foot office. Once the initial information has been delivered the remaining time to complete the audit is usually 60-75 days. TGGI cannot declare a dividend date for shareholders yet because we do not know the true value of FSM or how much stock ALFE will be paying TGGI to complete the transaction. Once the audit has been completed and the price has been determined a dividend record date will be declared.
Trans Global Group Releases Business Clarification
Date : 08/20/2010 @ 8:00AM
Source : MarketWire
Stock : Trans Global Group, Inc. (TGGI)
Quote : 0.0004 0.0001 (33.33%) @ 11:04AM
Trans Global Group Releases Business Clarification
TRANS GLOBAL GRP IN (OTC) (USOTC:TGGI)
Intraday Stock Chart
Today : Friday 20 August 2010
Trans Global Group, Inc. (PINKSHEETS: TGGI) would like to take a moment and clarify some concerns shareholders of the Company may have.
TGGI has 3 subsidiaries at the moment, Kazore Holdings, Inc d/b/a Full Spectrum Media ("FSM"), All Weather Insulation ("AWI") and Energsave Insulation of FL, LLC. ("ENERG"). Two of its subsidiaries are producing revenue, FSM and AWI. The third subsidiary ENERG, formerly Ecosafe, is being closed down as of August 31, 2010. This division was set up to do installations and training. Unfortunately ENERG has produced very little revenue in the past year and has been a financial drain on the Company. Since the acquisition of AWI, ENERG is no longer viewed as an asset and with its closing will save the Company from having to borrow money to keep it afloat.
TGGI has signed a letter of Intent to sell Kazore Holdings, Inc to American Life Holding Co. ("ALFE") in an all stock transaction. The transaction has not yet been completed, but will be completed in the near future. FSM needs to be audited before the transaction can take place. They have been compiling information for the auditors of ALFE and will be sending that information to them prior to the end of the month. The audit is taking a lot longer than first anticipated because FSM is going through a growth spurt and recently moved into their new 10,000 square foot office. Once the initial information has been delivered the remaining time to complete the audit is usually 60-75 days. TGGI cannot declare a dividend date for shareholders yet because we do not know the true value of FSM or how much stock ALFE will be paying TGGI to complete the transaction. Once the audit has been completed and the price has been determined a dividend record date will be declared.
AWI recently entered into an independent sales representative agreement with Gary Gray to sell rigs and foam for AWI. This agreement should help push the revenues of AWI to over $2 million annually. Gary Gray resigned from American Green Group prior to entering into this agreement. Neither TGGI or AWI have any affiliation with AMNE. TGGI has not and has no intention of offering employment to any other members or former members of AMNE.
On July 8, 2010 the Company announced it was returning 500 million shares of its common stock back to the Company. The Company would like to apologize for a misprint in that release that stated the shares were being returned to reduce the Authorized when the Company meant to state the Outstanding was being reduced. Recently the Company has increased its Authorized shares from 1.5 billion to 5 billion which has made some investors nervous. The Company borrows money to sustain operations for the parent Company TGGI and ENERG and has been since last year. With the closing of ENERG and the projected increase in revenue from AWI this practice should come to an end in the future.
The Company would like to go on record as stating the reason for the increase in the Authorized was not so the current officers of the Company could issue shares to themselves enabling them to receive most of the shares from the ALFE dividend, which has been a concern of shareholders contacting the Company.
Trans Global Group will be focusing solely on the Green energy sector -- all future acquisitions will be within this industry to complement AWI. TGGI is exploring several exciting opportunities that it believes will help build shareholder value and increase future revenue of the Company. One of the reasons for the share increase was to enhance the opportunities of acquisition.
The Company would also like to state that it does not plan on doing a restructuring now with the planned name change or prior to the transaction with ALFE.
The Company would like to go on record as saying it has never placed a gag order on the transfer agent and it has never asked the transfer agent to withhold any request from its shareholders. The decision not to speak to anyone or share information was made by the transfer agent directly.
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, performance or 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.
For additional information about this release please contact:
Wallstreet Review
954-617-5663
Thanks for the support----As I pm to you Do not spend any money on stocks, that you need for other things. Good luck to all GAMBLERS
OAKSLEM - I PERSON MARKED YOU! I sent you a reply to the PM you sent me.
DaChief -- I didn't realize you helped MOD this board -- thought you were over on TGGI?
Might be the other way around
American Life Holding Co. Inc. expected to report Q2 2010 results on August 19, 2010. This event was calculated by Capital IQ (Created on August 13, 2010
I guess you could trade ALFE right now, if you wanted to sell at 0.35...or 0.40...There are, however, no MM's on the ask atm...Last known traded price is 0.55.
Yes, I know all of this. You fail to answer my question regarding why ALFE shares seem to be in a no-market-trading status - a LONG such status.
Hear is some of the many PR from TGGI tied to ALFE
TGGI entered into a non-binding letter of intent as to a prospective sale of 100% of the capital stock of Kazore Holdings, Inc. ("Kazore Shares") in exchange for shares of ALFE common stock. The amount of ALFE shares to be issued in exchange for the Kazore Shares will be determined and based on the closing bid price of the ALFE Shares and the value of the Kazore Shares on the day the audited financial statements of Kazore Holdings, Inc. are completed. ??????
So, what is the deal with ALFE share trading (or the lack thereof)?
I am not trying to argue, however, I do not see anything in the PR from 6/16 (or any other PR, for that matter) that would indicate that TGGI gets anything but shares from ALFE for FSM. They (TGGI) simply become a stockholder in ALFE - just like you, me, or anyone else who decides to invest in ALFE. If I have missed something, please point out what (apparently) I missed that puts TGGI in the drivers seat, or pushing this train... What you are saying may very well be true, but I don't see where they have made statement that would support a supposition as such... Here's the PR...
(Thanks in advance)
TGGI Signs LOI to Sell FSM to ALFE
Date : 06/16/2010 @ 8:00AM
Source : MarketWire
Stock : Trans Global Group, Inc. (TGGI)
Quote : 0.0008 0.0 (0.00%) @ 7:40AM
TGGI Signs LOI to Sell FSM to ALFE
TRANS GLOBAL GRP IN (OTC) (USOTC:TGGI)
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2 Months : June 2010 to August 2010
Trans Global Group, Inc. (PINKSHEETS: TGGI) and its wholly owned subsidiary, Kazore Holdings, Inc. DBA Full Spectrum Media ("FSM") (www.4fsm.com), have signed an LOI with American Life Holdings Company, Inc. (OTCBB: ALFE) to acquire FSM from TGGI in an all stock transaction.
TGGI entered into a non-binding letter of intent as to a prospective sale of 100% of the capital stock of Kazore Holdings, Inc. ("Kazore Shares") in exchange for shares of ALFE common stock. The amount of ALFE shares to be issued in exchange for the Kazore Shares will be determined and based on the closing bid price of the ALFE Shares and the value of the Kazore Shares on the day the audited financial statements of Kazore Holdings, Inc. are completed.
Kazore Holdings, Inc. is a wholly-owned subsidiary of TGGI is engaged in the design, development and hosting of marketing software technology through its wholly-owned subsidiary Kazore, LLC, DBA Full Spectrum Media. Mr. Schneider, a newly appointed director of ALFE is also president and director of Kazore Holdings, Inc. and former managing member of Kazore LLC.
Completion of the acquisition will be contingent upon certain closing conditions including normal due diligence considerations, completion of audited financial statements for Kazore Holdings, Inc., and execution of definitive agreements by the parties on or before August 1, 2010.
In addition, the definitive agreements will provide that, subject to Nevada Revised Statutes Section 78.288, within sixty (60) days following the closing ALFE shall use its best efforts to file a registration statement with the Securities and Exchange Commission to register the ALFE Shares for distribution by TGGI to the shareholders of TGGI.
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, performance or 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.
For additional information about this release please contact:
Wallstreet Review
954-617-5663
stated in pr 6/16
Please explain... TGGI 'selling' FSM to ALFE on a share exchange? How's TGGI at the helm of ALFE?
... The following is from the PR that stated that the - "execution of definitive agreements by the parties on or before August 1, 2010"...
"Trans Global Group, Inc. (PINKSHEETS: TGGI) and its wholly owned subsidiary, Kazore Holdings, Inc. DBA Full Spectrum Media ("FSM") (www.4fsm.com), have signed an LOI with American Life Holdings Company, Inc. (OTCBB: ALFE) to acquire FSM from TGGI in an all stock transaction."
Pr said LOI should be LOST ON INTERNET We are dealing with pinks Waiting for for results of one pr. AUG 1 2010 coming soon.
[[[Completion of the acquisition will be contingent upon certain closing conditions including normal due diligence considerations, completion of audited financial statements for Kazore Holdings, Inc., and execution of definitive agreements by the parties on or before August 1, 2010.]]]
TGGI has many LOI???
What ever happened here? (first three paragraphs of PR)...
http://ih.advfn.com/p.php?pid=nmona&article=41682018&symbol=NB%5EALFE
Believe that they would make a strong stock with products that Tggi might want.
The analysis of new business opportunities will be undertaken by, or under the supervision of, Mr. Manuel Losada, our President, who may not be considered a professional business analyst. Mr. Losada will be the primary company representative involved in the search, review and negotiation with potential acquisition or merger candidates. We intend to concentrate on identifying preliminary prospective business opportunities which may be brought to our attention through present associations of our officers and directors and legal counsel or by our shareholders.
More to follow.........
The longs at AMNE will deal INFINITE R IS REAL ORDER A SAMPLE
Chief very very cool
NEWS!!!
TGGI Signs LOI to Sell FSM to ALFE
ALFE Files 8K Reporting the Transaction; TGGI Is Upgraded to Full PS Status by Pinksheets
FORT LAUDERDALE, FL--(Marketwire - 06/16/10) - Trans Global Group, Inc. (Pinksheets:TGGI - News) and its wholly owned subsidiary, Kazore Holdings, Inc. DBA Full Spectrum Media ("FSM") (http://www.4fsm.com/), have signed an LOI with American Life Holdings Company, Inc. (OTC.BB:ALFE - News) to acquire FSM from TGGI in an all stock transaction.
TGGI entered into a non-binding letter of intent as to a prospective sale of 100% of the capital stock of Kazore Holdings, Inc. ("Kazore Shares") in exchange for shares of ALFE common stock. The amount of ALFE shares to be issued in exchange for the Kazore Shares will be determined and based on the closing bid price of the ALFE Shares and the value of the Kazore Shares on the day the audited financial statements of Kazore Holdings, Inc. are completed.
Kazore Holdings, Inc. is a wholly-owned subsidiary of TGGI is engaged in the design, development and hosting of marketing software technology through its wholly-owned subsidiary Kazore, LLC, DBA Full Spectrum Media. Mr. Schneider, a newly appointed director of ALFE is also president and director of Kazore Holdings, Inc. and former managing member of Kazore LLC.
Completion of the acquisition will be contingent upon certain closing conditions including normal due diligence considerations, completion of audited financial statements for Kazore Holdings, Inc., and execution of definitive agreements by the parties on or before August 1, 2010.
In addition, the definitive agreements will provide that, subject to Nevada Revised Statutes Section 78.288, within sixty (60) days following the closing ALFE shall use its best efforts to file a registration statement with the Securities and Exchange Commission to register the ALFE Shares for distribution by TGGI to the shareholders of TGGI.
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, performance or 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:
For additional information about this release please contact: Wallstreet Review 954-617-5663
get up to date------------------no INFINITE R----
you left out awi....they changing the ecofl to awi.llc but if ecofl bought awi then who ownes what ............. Ecosafe Completes Acquisition of All Weather Insulation
FORT LAUDERDALE, FL -- (Marketwire)
04/28/10
?
hows this..............................Trans Global Group, Inc Acquires Ecosafe, Inc
FORT LAUDERDALE, FL -- (Marketwire)
11/11/09
Trans Global Group, Inc. (PINKSHEETS: TGGI) is pleased to announce it has completed a share exchange agreement
with Ecosafe, Inc thereby acquiring its wholly owned subsidiary Ecosafe
Insulation of Florida, LLC. ("ECOFL").
ECOFL is in the business of selling and installing foam insulation and
marketing a revolutionary new product called Infinite R. ECOFL had
acquired five counties in the state of Florida to market Ecosafe Premium
Foam and distribute Infinite R from American Green Group, Inc. (PINKSHEETS: AMNE) (www.americangreengroup.com).
ECOFL and AMNE have formed a joint venture which will give ECOFL exclusive
rights to 14 states to sell and install Ecosafe Premium Foam and market
Infinite R, currently ECOFL has the exclusive rights to market and install
Infinite R in Florida. ECOFL in return has issued AMNE 50 million shares
of restricted common stock. AMNE has agreed to supply ECOFL all materials
at cost in exchange for an equal split of the revenue with ECOFL.
In the coming weeks of November, ECOFL will launch its new website and open
its first sales and installation facility located on the West Coast of
Florida. The Company has an executive office located in Fort Lauderdale,
FL.
Trans Global Group, Inc is in the business of partnering or acquiring
GREEN products. It is currently exploring other relationships to add to
its partnership with AMNE.
The Company believes all other remarks made in the release to be accurate
to the best of their knowledge.
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, performance or
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.
For additional information about this release please contact
{{{{{{{{TGGI group, that distributes the Ecosafe product. Then ECOFL, as a separate division will sell itself and the Ecosafe product to ALFE, (a separate company owned by the owner}}}}}}}
YOUR POST
no never saaid that.....
Believe
Ecosafe Premiem Foam is still a AMNE product owned by AMNE
What make you think that AMNE HAS SOLD THE FOAM PRODUCT????
i see good potential....Ok... stick with me...
Looking at the recent news headlines, it seems that essentially ECOFL is a subsidiary of the TGGI group, and the group purchased Ecosafe for the ECOFL program. TGGI is then acquiring AWI to help support the ECOFL program as a means of distributing the Ecosafe product. In the deal with FSM, FSM management will essentially take over TGGI, and TGGI ownership will essentially step down to control only the ECOFL division, of the TGGI group, that distributes the Ecosafe product. Then ECOFL, as a separate division will sell itself and the Ecosafe product to ALFE, (a separate company owned by the owner of TGGI), and therefore we are currently owners of TGGI as a whole (which currently includes the ECOFL division and therefore the product, Ecosafe). Once the Ecosafe product is sold to ALFE, purchased basically by shares, the current TGGI stock owners will not only own the TGGI company (which will essentially then be FSM, since the FSM management will run it), but also will receive shares in ALFE, the group purchasing the Ecosafe product.
So stockholders of TGGI now, will then be stockholders in the new TGGI/FSM green products company and the new ALFE/Ecosafe distribution company.
I don't think they will
I wonder how Manny Losada will tie in INFINITE R,AMNE,TGGI and ALFE.
Yes it can, but there are no offers to sell right now the bid is .06.
The float is only 40k the last time the stock traded was 2-25-10 pinksheets has level 2 on it for ALFE
Can it be bought? Whats the PPS?
Thanks
Yes it look at he SEC filings the company hasn't traded in a couple years the total shares outstanding are less then 400,000 of which I believe 342,000 are owned by the insiders
Is this a valid stock?
GOING OTCBB MAJOR NEWS
TGGI Signs LOI to Sell Ecosafe to ALFE for Share Exchange
Press Release Source: Trans Global Group Inc On Tuesday February 23, 2010, 8:00 am
FORT LAUDERDALE, FL--(Marketwire - 02/23/10) - Trans Global Group, Inc. (Pinksheets:TGGI - News) and its wholly owned subsidiary, Ecosafe Insulation of FL ("ECOFL") (http://www.ecosafeus.com/), have signed an LOI with American Life Holdings Company, Inc. (OTC.BB:ALFE - News) to acquire ECOFL from TGGI in a share exchange.
TGGI will retain an auditor to audit the financials of ECOFL upon completion of the audit and execution of the share exchange. ALFE will file a registration statement to register the shares for the exchange agreement.
"It is anticipated the audit of ECOFL shall be completed within 60 days followed by the registration statement which shall take approximately 90 days. Once the audit has been delivered, the share exchange shall be based on the closing market price of both companies," commented Mr. Losada, President of TGGI. Mr. Losada is also the President and majority shareholder of ALFE, acquiring controlling interest in ALFE in August of 2009 with the goal of merging ECOFL in to ALFE after approximately a year of incubation. All shareholders of TGGI shall receive registered free trading shares of ALFE in the exchange.
ECOFL attended its first trade show in Orlando last week with encouraging results. The booth had steady traffic and Company representatives will be following up on all leads generated on the new foam and installer packages.
ECOFL is acquiring Ecosafe Premium Foam® from American Green Group, Inc. (Pinksheets:AMNE - News). The Company believes all other remarks made in the release to be accurate to the best of their knowledge.
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, performance or 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.
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AMERICAN LIFE HOLDINGS CO, INC - ALFE.OB
We may seek a business opportunity with entities which have recently commenced operations, or which wish to utilize the public marketplace in order to raise additional capital in order to expand into new products or markets, to develop a new product or service, or for other corporate purposes. We may acquire assets and establish wholly and/or partially-owned subsidiaries in various businesses or acquire existing businesses as subsidiaries. We anticipate that the selection of a business opportunity in which to participate will be complex and subject to significant risk. Due to general economic conditions, rapid technological advances being made in some industries and shortages of available capital, management believes that there are numerous firms seeking the perceived benefits of a publicly registered corporation. These perceived benefits may include facilitating or improving the terms on which additional equity financing may be sought, providing liquidity for incentive stock options or similar benefits to key employees, providing liquidity (subject to restrictions of applicable statutes), for all shareholders and other factors. Potentially, available business opportunities may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.
The analysis of new business opportunities will be undertaken by, or under the supervision of, Mr. Manuel Losada, our President, who may not be considered a professional business analyst. Mr. Losada will be the primary company representative involved in the search, review and negotiation with potential acquisition or merger candidates. We intend to concentrate on identifying preliminary prospective business opportunities which may be brought to our attention through present associations of our officers and directors and legal counsel or by our shareholders.
More to follow.........
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