Trans Global Group Has Filed The Amendment To Reduce The Authorized
Shares By 20 Percent
CORAL SPRINGS, Fla.,
Nov. 19, 2012 /PRNewswire/ -- Trans
Global Group, Inc. (PinkSheets: TGGI) is pleased to announce the
Company has filed an Amendment with the State of Nevada to reduce the authorized
shares of the Company from 5 billion to 4 billion shares.
The Company would like to state that it will not effect any type
of Reverse split or restricting of the Common stock until
January 2014.
The Company will look to try to reduce the number of Authorized
shares again before the end of fiscal year 2012.
The Company will issue further news as events unfold over the
coming weeks regarding restructuring of the Company's debt.
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:
Christopher J Clarke
chris@transglobalgroupinc.com
954-509-3749
SOURCE Trans Global Group, Inc.