Trans Global Group, Inc Gives Revenue Guidance for 2015
December 10 2014 - 8:00AM
Access Wire
Coral Springs, FL / ACCESSWIRE / December 10, 2014
/Trans Global Group, Inc. (PINKSHEETS: TGGI) is pleased to
announce revenue guidance for fiscal year 2015. Trans Global
Group and its subsidiaries estimate revenues of $2,800,000 for
fiscal 2015. The Company has NOT included in the revenue guidance,
any other revenue sources such as international sales for Xtreme
Board or upcoming sales for the LED Marijuana Grow Lights.
Red Fox Bonding, LLC, which TGGI owns 30% of, estimates it will
generate $800,000 in revenue for fiscal 2015. Red Fox Bonding,
( http://www.redfoxbonding.com/ ) is a full service direct source
for all surety bonding and insurance needs supported with direct
appointments at A+ Rated Insurance Groups allows quick and
serviceable times to be met for any of our clients with immediate
needs. Red Fox Bonding, LLC has 3 Divisions:
Division I: Surety Bonding
Division
Construction Bonds - Bid, Performance and Payment and
Supply Bonds for contractors with program capacity needs from
"First Bond" to $25 million.
Division II: Commercial Lines of
Insurance
Red Fox has dedicated this division in helping our clients with
all of their commercial lines of insurance allowing the opportunity
of having everything under one plan consolidating plan into a one
payment option.
Division III: DBA - Worldwide Aviation
Insurance
In this division, Worldwide Aviation Insurance
www.buyaviationinsurance.com meets and far exceeds our client's
need for their aviation businesses. Again with A+ Rated
Insurance Groups, Red Fox can provide excellent customer service
and satisfaction.
International Green Building Group, Inc., ("IGBG") which TGGI
owns 40% of, estimates it will book between $250,000 and $400,000
for the 4th quarter of 2013 and $2,000,000 or more for fiscal
2015. IGBG was acquired using an existing shell TGGI owns for
the purpose of growing its revenues, then spinning off the company
as its own separately traded company. Once IGBG reaches
$1,500,000 in revenue, the spin out process will begin. IGBG
is a Virginia Licensed General Contractor with 10 different FEMA
Certificates and holds the designation as a Service Disabled
Veteran Owned Small Business (SDVOSB) General Contractor which
places the Company in a strong position when it places bids on both
State and Federal contracts. IGBG through the construction division
has carved out a niche market in VA primarily focusing on Insurance
jobs, Roofs, and windows allowing the company generate income while
developing other facets of the company.
TGGI looks for companies on the edge of breaking out and offers
guidance and structure in exchange for equity in each
company. In 2015 revenues from its subsidiaries will begin to
flow to TGGI which will be used for operations and other entities
TGGI may look to acquire a stake in.
The revenue guidance has not taken into consideration any other
revenue sources TGGI may currently have or is working on.
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.
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