CORAL SPRINGS, Fla., May 31, 2012 /PRNewswire/ --Trans Global Group Inc. (PinkSheets: TGGI) would like to update its shareholders on the company's activity over the last few months. After delays outside the control of the CEO, the company's year-end financial reports have been updated on OTC. TGGI expects to file its first quarter financial report late.
TGGI's CEO Chris Clarke has kept his focus on VersaGreen Energy Corporation since the inception of his role earlier this year. Mr. Clarke, along with a key senior staff member of VersaGreen, attended the 2012 Renewable Energy World Conference on February 15th and 16th. Clarke states "We made several great contacts during the conference that will assist us in expanding our product offerings and business relationships."
To maintain the company's goal for international expansion, Clarke spent 7 weeks in Costa Rica and began the process of registering the company with various government agencies to do business in Costa Rica. The company expects to complete all of Costa Rica's registrations by mid to late July. Clarke states "Although we have missed our goal date to present products to the Costa Rican Government, we have had some discussions and our future looks brighter than ever. We further utilized the time in Costa Rica to establish a few key business relationships with individuals and companies in the green industry sector."
The Company has followed up with the contacts on several occasions to see where they may fit in with future business initiatives. VersaGreen has obtained a few Exclusive Contracts from different companies to market their green products in Costa Rica and abroad. TGGI CEO states "I am really excited about the direction and progress we have made as a company since February. The foundation of this company is almost complete and we expect to make a huge splash with a few of our new products." Further details will be forthcoming next week.
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.
CONTACT: Chris Clarke, CEO/President, at 954-509-3749 or email info@transglobalgroupinc.com
SOURCE Trans Global Group, Inc.
