CORAL SPRINGS, Fla.,
Oct. 16, 2013 /PRNewswire/ -- Trans
Global Group, Inc. (PINKSHEETS: TGGI) in the last few weeks has
published its missing financial reports and Attorney Letters to
become "Current" with OTCMarkets. These steps have been taken
so TGGI can move forward with new corporate developments and with
its plans to uplist one of the Company's subsidiaries as announced
last year.
As of July 2012, TGGI's wholly
owned subsidiary VersaGreen Energy Corporation, began selling Solar
and energy saving products including ("SunBlast" Attic Shield), a
thermal shield which traps heat in the attic rafters and is
released through the roof via a solar attic fan, keeping the attic
temperature at a cool 78 degrees. This reduces the amount of
time that the air conditioning unit operates, therefore causing a
reduction in energy usage.
Last year the Company began taking steps to enhance shareholder
value when it decreased its Authorized shares from 5 Billion to 3.6
Billion, still the number of Authorized shares. The next
phase is to finalize a plan to reduce the amount of long term
liabilities the company has amassed over the last five years
without causing dilution eroding shareholder value. Since the
Company is making strides in restructuring its long term
liabilities and believes it will complete a deal in the near
future, there will be NO Reverse Split on its Common
shares.
Over the next 3 months several corporate events will be taking
place for TGGI and its subsidiaries as outlined below:
Reinstatement of TGGI and its subsidiaries
The completion of several websites under construction
New Social Media and SEO marketing programs
Video testimonials of prior and new installations
Consolidation of subsidiaries
New product releases
Acquisitions
Audited financials for our Subsidiary to uplist to QB
New attorney for SEC work for our Subsidiary to uplist to QB
Commercial sales division
Finalize restructuring of long term liabilities
The Company plans on issuing a new press release every 7 to 10
days updating shareholders as events happen.
Chris Clarke CEO of Trans Global Group stated "From reviewing
TGGI's history for the past 5 years, the Company has tried to move
into the energy sector and has always come up short. Since my
tenure, we have created a strategic partnership with a successful
15 year old company that holds a FL Solar and General Contractor
license. After many months of research and planning, we created a
master sales program and went to market to test TGGI's new sales
strategies. We made numerous sales and our test has proven to
be successful. Now that the Company has figured out how to make
money in the Energy Sector (Energy Saving business), we are working
to expand on our proven sales program to increase revenues.
We feel it is very important to restore shareholder faith and value
as we expand our operations and we look forward to completing tasks
on time."
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.
For additional information about this release please contact
Christopher J Clarke
chris@transglobalgroupinc.com
954-509-3749
SOURCE Trans Global Group, Inc.