SOURCE: Trans Global Group Inc.

February 18, 2010 08:32 ET

Ecosafe Outlines Strategic Growth Plan

FORT LAUDERDALE, FL--(Marketwire - February 18, 2010) - Trans Global Group, Inc. (PINKSHEETS: TGGI) and its wholly owned subsidiary, Ecosafe Insulation of FL ("ECOFL") (www.ecosafeus.com), currently has 29 installers spread out over 16 states. The goal of ECOFL is to grow the number of installers to 100 over the next 15 months.

Once ECOFL meets it short term goal, the Company will have 100 installers located throughout the country, assuming each installer orders 2 sets of foam per month for a total of 200 sets; this would generate $4,800,000 in annual revenue. This number does not include the sales which will be generated by our private label customers, independent sales reps, and territory sales.

During this growth period, ECOFL will benefit from the sales of equipment and parts as well as training and marketing assistance programs. ECOFL should generate an additional $1,400,000 in equipment sales.

Although ECOFL believe through current inquiries it has received that the numbers projected are conservative, the Company wishes to grow at a steady peace to maintain overhead costs. 

ECOFL will use the funds from its financing to purchase equipment, warehouse foam, and add additional personnel to service its installers.

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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