NEWS
STUART, Fla., Dec. 16, 2011 /PRNewswire/ -- Trans Global Group, Inc. (PinkSheets: TGGI) is pleased to announce the filing of our 3rd Quarter Financials. We have forwarded the report to our attorney for review so he may prepare the Attorney Letter to submit to OTCmarkets, which will then allow the Company to return to a "PK" listing. In addition, the Company has been in contact with the DTC; their issue is non-company related, and it is expected to be resolved shortly.
Upon a successful up-listing to Current Information, "PK," TGGI will enter into its first of two pending LOIs with two private companies. The first to take place will be a private company dealing in consumer and commercial energy saving or 'Green' products to complement FederaLED. The second private company will be announced upon completion of the first.
Both companies are spearheaded by successful private entrepreneurs who have made their mark in previous owned business ventures.
The first acquisition is anticipated to be completed by December 31, 2011, with an effective date of January 1, 2012. This will result in a complete change in management for TGGI. The effective date of January 1, 2012, was selected so that the year-end financials could be completed in a timely manner allowing the Company to maintain its Current Information status with Otcmarkets.
Please follow Otcmarkets for all updates on the Company as we will issue news as the 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, 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.
