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.
CONTACT:
Gene Caiazzo, President, at
386-314-0847
SOURCE Trans Global Group, Inc.