Trans Global Group to Reduce Authorized Shares by 20 Percent

CORAL SPRINGS, Fla. , Nov. 8, 2012 /PRNewswire/ -- Trans Global Group, Inc. (PinkSheets: TGGI) is pleased to announce the Company will reduce its total Authorized shares by 20%.

TGGI will file with the Amendment with the State of Nevada after the 3rd quarter report is filed reducing the number of Authorized shares from 5 Billion to 4 Billion.

The Company will look to try to reduce the number of Authorized Shares again before the end of the fiscal year 2012.

After the filing of our 3rd Quarter Financials we will forward the report to our attorney for review so he may prepare the Attorney Letter to submit to OTC Markets which will then allow the Company to return to a "PK" listing.

The Company will issue further news as events unfold over the coming weeks.

http://ih.advfn.com/p.php?pid=nmona&article=54922180

Looks like movement is now starting in our other convertible debt holding.