InvestorsHub Logo
Followers 438
Posts 18533
Boards Moderated 0
Alias Born 09/10/2000

Re: None

Thursday, 08/25/2005 9:35:21 AM

Thursday, August 25, 2005 9:35:21 AM

Post# of 17
Panama International Air (PIA) Opens and Dedicates Executive Offices in Panama City, Panama
Thursday August 25, 9:00 am ET


NAPLES, Fla.--(BUSINESS WIRE)--Aug. 25, 2005--Trans Global Logistics Inc. (OTC:TLGI - News), http://www.transglobl.com, today announced that its affiliate, Panama International Air (PIA), opened and dedicated its Executive Offices in Panama City, Panama during an evening Gala on August 17th. The Executive offices will house the company's sales and marketing operations, the company's executive management team and also provide ticket counter services for its customers. PIA operates a second facility in Panama City, that houses all company operations activities. The operations center, which was opened in January, is being used for Flight Crew and Flight Attendant training, and by the company's certification team as it completes the final requirements for Panama's Civil Aeronautical Authority to become a Category 1 Air Cargo and Passenger Airline. PIA has become the cornerstone of Trans Global's strategic plan for the establishment of a regional inter-modal transportation group in the Latin American region and is rapidly moving forward towards the completion of its certification process in Panama. The Company plans to initiate air cargo operations beginning in late October 2005 and scheduled passenger operations following shortly there after.
ADVERTISEMENT


In discussing the opening of the PIA's new Executive Offices, President and CEO of Trans Global, Mr. Gus Cervera stated: "This is a great day for Panama International Air. The opening of these executive offices is a milestone in the efforts of the Trans Global/PIA team in moving forward with the certification process and getting PIA up and flying. We are very excited about PIA's future, and wish to thank the many employees, friends and government officials who were able to celebrate with us tonight."

About Trans Global Logistics, Inc.:

Trans Global Logistics (OTC:TLGI - News), http://www.transglobl.com, is a Florida based holding company focused on the establishment of a regionally-dominant inter-modal transportation group that is consolidating and combining a number of existing transportation and travel companies in order to provide transportation services under a single management umbrella. Trans Global's affiliated companies include Panama International Air (PIA), a new Panama Flag Category 1 passenger airline that is completing its certification process; PIA Express, the Air Cargo Division of PIA; and P&L Logistica, a Panama-based cargo logistics company. The company anticipates further acquisitions in the coming months to include an international freight forwarder; a Panama-based courier and package delivery service; and several other transportation related companies. By combining both management and transportation infrastructure in one organization, Trans Global will be able through its acquisition strategy to vertically and horizontally integrate the necessary services required for the movement of people and cargo throughout the region.

Forward Looking Statements:

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; the Company will appropriately inform the public.



--------------------------------------------------------------------------------
Contact:
For Trans Global Logistics Inc., Naples
Redwood Consultants
Jens Dalsgaard, 415-884-0348



--------------------------------------------------------------------------------
Source: Trans Global Logistics Inc.




There is no substitute for conducting your own research

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.