Trans Global Group, Inc. Develops Strategic Partnership with Arrow Electronics Inc.
December 08 2014 - 8:48AM
Access Wire
CORAL SPRINGS, FL / ACCESSWIRE / December
8, 2014 / Trans Global Group, Inc. (OTC
PINK: TGGI) is pleased to announce the development of a strategic
partnership with Arrow Electronics, Inc. traded on the NYSE: ARW, a
Fortune 150 company with sales over $21 billion for fiscal
2013.
Arrow, in addition to providing a generous line of credit, will
supply LED components and lighting for TGGI and will provide
introductions to qualified manufacturers for the specialty LED
lighting products. Arrow will either submit, or assist TGGI's
manufacturer in submitting, the product specifications to United
Laboratories so TGGI can obtain UL numbers for its specialty LED
lighting products.
After the TGGI contracts a qualified manufacturer for its
specialty LED marijuana grow lights and the design and UL phase is
complete, TGGI expects to receive a written commitment from a
licensed entity in Colorado that will perform a series of
comparison and quality control tests. The tests are expected to
show all the advantages to using TGGI's specialty LED marijuana
grow lights verse the current industry grow lights. Some of
the advantages that are expected to be tested and proven are:
1) A greater harvest amount (yield) per cycle increasing profits
for each cycle
2) Faster grow cycle which could create an extra harvest cycle
per year increasing year end profits
3) Companies will experience large savings on their electric
bill
4) Companies won't have to deal with the extreme heat that the
other standard lights put off
5) TGGI will provide a strict nutrient system for the grow
cycle
TGGI, for the last five months, has had several meetings with
the designer and manufacturer for the specialty LED marijuana grow
lights and is currently in final negotiations. In addition, the
Company has pre-selected a licensed entity in Colorado for testing
and expects to contract them after the manufacturer contract is
completed.
TGGI plans to sell the specialty LED marijuana grow lighting
products through new subsidiaries that will be setup to handle
marketing and sales to licensed entities in the legalized marijuana
states.
About Arrow Electronics, Inc:
Arrow Electronics is a global provider of products, services and
solutions to industrial and commercial users of electronic
components and enterprise computing solutions, with 2013 sales of
$21.4 billion. Arrow serves as a supply channel partner for over
100,000 original equipment manufacturers, contract manufacturers
and commercial customers through a global network of more than 460
locations in 58 countries.
A Fortune 150 company with 16,500 employees worldwide, Arrow
brings technology solutions to a breadth of markets, including
telecommunications, information systems, transportation, medical,
industrial and consumer electronics.
Arrow provides specialized services and expertise across the
product lifecycle. Arrow does this by connecting customers to the
right technology at the right place at the right time and at the
right price.
Arrow provides extraordinary value to customers and suppliers -
the best technology companies in the world - and connects them
through the company's industry-leading services.
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
954-509-3749
SOURCE: Trans Global Group, Inc.
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