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TTGG (OTCBB) Stock Buyback Approved by T & G2's Board of Directors

WEDNESDAY, DECEMBER 18, 2002 09:03 AM

BERKELEY HEIGHTS, NEW JERSEY, Dec 18, 2002 (CCNMatthews via COMTEX) -- T & G2 (OTC-BB Symbol: TTGG) announced today that its board of directors has authorized the repurchase of up to 2,000,000 of its Class A Common Shares representing approximately 40% of TTGG's issued, outstanding and trading shares. The purchases may be conducted from time to time on the open market or in private transactions.

"The Company believes its shares represent an attractive investment for the Company, especially at its present market value," said James M. Farinella, president and CEO of T & G2. "The stock repurchase program reflects management's confidence in the Company's long-term prospects and will be initiated to support our new public stockholders."

The shares of common stock are being purchased to return the shares to treasury for corporate purposes and to improve the Company's financial position.

T & G2 has two wholly owned subsidiaries: Solutions Technology and Zingo Sales Ltd. Solutions Technology is the developer of the SecureTime Biometric ID System. The SecureTime System utilizes biometric fingerprint technology to positively ID individuals. Unlike other systems, there is no upfront capital expense for the customer, very little retrofit to install the terminal and the Company provides for the risk free opportunity for the customer to see how the Biometric system will benefit their operations and save them money.

Zingo Sales, through a license arrangement, has the most advanced software in the electronic bingo market today. The bingo halls and casinos love the system because they can now charge for additional bingo cards played without the additional cost of paper. Another reason the demand is so great for this system is that there are other games (Ultimate), which can be played during and between each bingo session generating additional revenue for the casino/bingo operator.

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by T & G2 (TTGG) may differ materially from these statement due to a number of factors. TTGG assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.



CONTACT: T & G2 - Direct
1-866-409-8342
or
T & G2
Stephen Taylor
Investor Relations
Toll Free: 1-877-682-7747
Website: www.ttgg.net



Copyright (C) 2002, Canadian Corporate News. All rights reserved.



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