FORT LAUDERDALE, FL -- 02/09/10 --
Trans Global Group, Inc. (PINKSHEETS: TGGI) and its wholly owned subsidiary, Ecosafe Insulation of FL ("ECOFL")
(www.ecosafeus.com), have received a funding commitment for $250,000 and
can be increased to $500,000.
The funding will be used by ECOFL to build trailers which will be sold to
installers and for marketing. ECOFL receives around 20 inquiries a month
from people wanting to either start a new business or add to their existing
business. Having the trailers made and available at the Brooksville, FL
location will help expedite bringing on new installers.
ECOFL will use part of the funds to launch a media campaign in Florida to
help alert people about the foam and its benefits to the home owner.
The Company believes all other remarks made in the release to be accurate
to the best of their knowledge.
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
Wallstreet-Review
954-617-5663