CORAL SPRINGS, Fla.,
Feb. 16, 2012 /PRNewswire/
-- Trans Global Group, Inc. (PinkSheets: TGGI) has completed
an in-depth review on the Company's planned future acquisitions and
decided to concentrate current efforts on VersaGreen Energy and its
expansion in the US and abroad.
TGGI is in the process of merging products of FederaLED with
VersaGreen Energy Corporation. TGGI's CEO Chris Clarke states, "Merging FederaLED's
products into VersaGreen Energy will aid the Company in reaching
their international sales benchmarks."
Trans Global Group has decided not to move forward at this time
with the acquisition of the waste remediation company. TGGI's
CEO Chris Clarke states, "Trans
Global Group will re-visit the possibility of acquiring the waste
remediation company later this year. Our current focus is on
aiding VersaGreen Energy with their expansion into the government
sector in Costa Rica. This makes the most sense financially
moving forward at this time. I feel great about the direction
of TGGI." VersaGreen Energy will be presenting proposals to
the Costa Rican Government on LED and Renewable Energy Products
prior to the end of the first quarter of this year.
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:
Chris Clarke, CEO/President, at
954-509-3749 or email info@transglobalgroupinc.com
SOURCE Trans Global Group, Inc.