SOURCE: Trans Global Group

April 29, 2010 08:00 ET

AWI Adds $1 Million in Revenue and Begins Shipments to China

FORT LAUDERDALE, FL--(Marketwire - April 29, 2010) -  Trans Global Group, Inc.'s (PINKSHEETS: TGGI) recent acquisition, All Weather Insulation, Inc. ("AWI"), adds $1 million in instant revenue for the company and profits at the end of year and has begun shipping foam to China for testing.

AWI has been working on becoming a rig and foam supplier to China for several months; recently they shipped over 16 sets of foam to be tested. Should the tests go well, then the initial order will be approximately $3.5 million dollars for 20 rigs, with a potential for 500 rigs to be built and shipped to China. A Representative from AWI will travel to China to do the training on the rigs.

Ian Provan, President of TGGI, stated "The pending China contracts were a strong factor in our decision to acquire AWI along with other pending contracts they have."

About AWI

AWI has been in the industry for some 2 years since January 2008 and has grown rapidly in building quality equipment, providing expert advice and training to their clients, as well as selling and distributing environmentally desirable "Green Foam" products. TGGI anticipates that the acquisition will give ECOFL a strong platform to build from in both equipment and product sales and distribution within its network of installers and dealer/distributors.

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 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 Information

  • For additional information about this release please contact

    Wallstreet-Review
    954-617-5663