Trans Global Group to File an Amendment to Reduce the Authorized
Shares by 400 Million Prior to the End of 2012
CORAL SPRINGS, Fla.,
Nov. 28, 2012 /PRNewswire/
-- Trans Global Group, Inc. (PinkSheets: TGGI) is pleased to
announce the Company will be filing an Amendment with the
State of Nevada to reduce the
Authorized shares of the Company from 4 billion to 3.6 billion
Authorized shares within the next few weeks.
The Company will not be converting any more of its debt for a
minimum of 6 months as it works to reduce the debt without issuing
any more shares of if its Common stock.
The Company will file to reinstate its wholly owned subsidiary
Rollings.com, Inc. and change the name of the entity to Green
Energy Savings Corp.
The entity was acquired in 2010 for the purpose of acquiring
assets then filing to trade on the OTCBB. Green Energy
Savings Corp plans to bring in Solar technology and become a
reseller of energy in the deregulated energy states.
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.