Trans Global Group, Inc. Eliminates 87% of Its Long-Term Debt and 100% of Its Accrued Interest

Trans Global Group and International Green Building Group, Inc. Rescind Acquisition Agreement.

CORAL SPRINGS, FL / ACCESSWIRE / February 2, 2015 / Trans Global Group, Inc. (PINKSHEETS: TGGI) has been working the past few months to reduce the amount of long term debt on the books.

TGGI has been able to negotiate and eliminate $82,740.61 in accrued interest and $373,043 of long-term convertible debt on its books as of 12/31/14. The only remaining convertible debt on the books of TGGI is $56,000 and NO interest will accrue on that debt. The reductions were made without the issuance of additional shares of the company's common stock or its preferred stock. The Company did exchange 100% of its ownership in its subsidiary company f/k/a Rollings.Com for $101,526.96 debt cancellation. Chris Clarke, the Company's CEO states "When I became CEO in 2012, the long-term debt was over $750,000 and because of interest accruing, the long-term debt and interest total grew to over $980,000 by 2013. It has taken me three years, but I have finally ended this toxic debt issue and the Company's long-term debt stands at $56,000 with NO interest accruing."

Trans Global Group, Inc. and International Green Building Group, Inc. have mutually agreed and executed a rescission agreement to rescind their Securities Exchange Agreement executed in June of 2014. TGGI CEO states "I felt it was best for the Company to part ways with International Green Building Group, Inc. due to differences in business focus moving forward. I would like to wish Nathan Hall and his Companies the best of luck." Mr. Clarke further states "I am in final negotiations with a Construction Development Company that I feel will provide TGGI shareholders added value moving forward."

TGGI in compliance with SEC regulations may use social media outlets like Facebook or Twitter to announce key information in compliance with Regulation Fair Disclosure. The Company's Facebook page is: https://www.facebook.com/TransGlobalGroupInc. Look for Company updates on Facebook in the near future.

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

SOURCE: Trans Global Group, Inc.

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