Trans Global Group Files Restated Articles of Incorporation with the State of Florida
October 13 2015 - 08:00AM
Access Wire
CAPE CORAL, FL / ACCESSWIRE / October 13, 2015
/ Trans Global Group, Inc. (PINKSHEETS: TGGI) is pleased
to announce the Company has filed Restated Articles of
Incorporation with the State of Florida reducing both the
Authorized shares of its Common and Preferred stock.
On October 9, 2015 Trans Global Group filed Amended and Restated
Articles with the State of Florida reducing its Authorized Common
shares from 15.6 Billion to 10.6 Billion and its Preferred stock
from 5.0 Million to 1.5 Million.
With this first reduction the Company has reduced the number of
Authorized Common shares by over 30% and eliminated 3.5 million
shares of Convertible Preferred stock from being issued or
converted into 35 Billion shares of Common stock.
TGGI's Common stock has been fully restored to full DTC
Eligibility, which allows it to trade and settle electronically.
The Company will file the needed Legal Opinion to be fully restored
to OTC Current Information by the end of October.
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:
James Irving
239-400-0012
IR@transggi.com
SOURCE: Trans Global Group, Inc.
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