Trans Global Group, Inc Acquires Ecosafe, Inc
11 Novembro 2009 - 11:30AM
Marketwired
Trans Global Group, Inc. (PINKSHEETS: TGGI) is pleased to announce
it has completed a share exchange agreement with Ecosafe, Inc
thereby acquiring its wholly owned subsidiary Ecosafe Insulation of
Florida, LLC. ("ECOFL").
ECOFL is in the business of selling and installing foam
insulation and marketing a revolutionary new product called
Infinite R. ECOFL had acquired five counties in the state of
Florida to market Ecosafe Premium Foam and distribute Infinite R
from American Green Group, Inc. (PINKSHEETS: AMNE)
(www.americangreengroup.com).
ECOFL and AMNE have formed a joint venture which will give ECOFL
exclusive rights to 14 states to sell and install Ecosafe Premium
Foam and market Infinite R, currently ECOFL has the exclusive
rights to market and install Infinite R in Florida. ECOFL in return
has issued AMNE 50 million shares of restricted common stock. AMNE
has agreed to supply ECOFL all materials at cost in exchange for an
equal split of the revenue with ECOFL.
In the coming weeks of November, ECOFL will launch its new
website and open its first sales and installation facility located
on the West Coast of Florida. The Company has an executive office
located in Fort Lauderdale, FL.
Trans Global Group, Inc is in the business of partnering or
acquiring GREEN products. It is currently exploring other
relationships to add to its partnership with AMNE.
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
American Green (CE) (USOTC:AMNE)
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