SOURCE: Trans Global Group, Inc.

September 20, 2010 08:00 ET

AWI Sees Immediate Increase in Sales

Based on Current Results the Revenues of AWI Are Expected to Increase by as Much as 300% by Fiscal Year End 2011

LAKELAND, FL--(Marketwire - September 20, 2010) -  Trans Global Group, Inc. (PINKSHEETS: TGGI) is pleased to announce its wholly owned subsidiary, All Weather Insulation, Inc. ("AWI"), has seen immediate results from its new website and independent sales rep. 

AWI realized an increase of sales of $50,000 and currently has $900,000 worth of bids in the pipeline. AWI expects to close a high percentage of these bids putting the Company in position to exceed expectations and could realize growth of nearly 300% by fiscal year end 2011. This is the first step in growing AWI. The Company will seek acquisitions and new products introductions to help grow the Company to a projected annualized run rate of $5 million in revenues within the next 18 months. 

AWI has been working with finance companies and the SBA to assist new purchasers to obtain financing for their new businesses and extend financing for the installations. "With all the money available from the Federal Government for weatherization and new businesses the products sold by AWI are a perfect match for these funds," stated Ian Provan, President of TGGI.

In other news:

TGGI shall be declaring a dividend date within the next week for FSM and looks forward to closing that transaction and growing its core business AWI. Along with the dividend date shall be the announcement of the name change from Trans Global Group, Inc.

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.

Contact Information

  • For additional information about this release please contact:

    Wallstreet Review
    954-617-5663