Trans Global Group Has Filed The Amendment To Reduce The Authorized Shares By 20 Percent
CORAL SPRINGS, Fla., Nov. 19, 2012 /PRNewswire/ -- Trans Global Group, Inc. (PinkSheets: TGGI) is pleased to announce the Company has filed an Amendment with the State of Nevada to reduce the authorized shares of the Company from 5 billion to 4 billion shares.
The Company would like to state that it will not effect any type of Reverse split or restricting of the Common stock until January 2014.
The Company will look to try to reduce the number of Authorized shares again before the end of fiscal year 2012.
The Company will issue further news as events unfold over the coming weeks regarding restructuring of the Company's debt.
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.
Christopher J Clarke
SOURCE Trans Global Group, Inc.