SOURCE: Trans Global Group, Inc.

January 05, 2010 08:30 ET

Trans Global Group, Inc. Receives Approval to Acquire Ecosafe

FORT LAUDERDALE, FL--(Marketwire - January 5, 2010) - Trans Global Group, Inc. (PINKSHEETS: TGGI) (www.ecosafeus.com) and its wholly owned subsidiary Ecosafe Insulation of FL, LLC have received both Director and shareholder approval to acquire ECOSAFE PREMIUM FOAM® from American Green Group, Inc. (PINKSHEETS: AMNE).

Both TGGI and AMNE have been granted approval from their perspective Boards and majority shareholder approval to proceed with the transaction.

A formal agreement will be entered into and a mutually agreed upon third party will be retained to render a fairness opinion to determine the fair market value of Ecosafe Premium Foam®.

TGGI has been working to expand its network of sales and installation centers around the country and hope to have a significant portion of the country covered by the end of the year.

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.

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