http://www.otcmarkets.com/stock/TGGI/news
Dec 10, 2014 (ACCESSWIRE via COMTEX) -- 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.
http://www.accesswire.com/img.ashx?id=423966
Copyright 2014 ACCESSWIRE
Dec 10, 2014 (ACCESSWIRE via COMTEX) -- 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.
http://www.accesswire.com/img.ashx?id=423966
Copyright 2014 ACCESSWIRE
