Wednesday, January 04, 2012 9:19:07 AM
Trans Global Group Upgraded to Current Status Completing First Acquisition Within
Days
STUART, Fla., Jan. 4, 2012 /PRNewswire via COMTEX/ -- Trans Global Group, Inc.
(pinksheets:TGGI) is pleased to announce the Company has been upgraded to Current
Information status on http://www.Otcmarkets.com completing a necessary step
needed to complete two pending reverse mergers.
While the Company worked to get upgraded it learned of assets the previous
management acquired that are no longer needed, such as a shell company. The
Company is selling the shell to Baron Capital Enterprise, Inc which will reduce
the liabilities of the Company by $100,000.
When the two acquisitions are completed, TGGI will have three operating
subsidiaries: FederaLED, an energy saving company for commercial and residential
use, and a waste remediation company. All three subsidiaries have cross
integration and will support each other.
The energy saving company is discussing other product opportunities to add to its
product mix that will allow it to own the patents for the products, which are all
synergistic and can be financed through its finance company.
Please follow Otcmarkets for all updates on the Company as we will issue news as
the events unfold over the coming days.
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:Gene Caiazzo, President, at 386-314-0847
SOURCE Trans Global Group, Inc.
Copyright (C) 2012 PR Newswire. All rights reserved
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