SOURCE: TNFG Corporation

January 21, 2011 16:00 ET

TNFG Corporation Files Form 15 With SEC

CHICAGO, IL--(Marketwire - January 21, 2011) - TNFG Corporation (OTCBB: TNFG) today announced that it has filed a Form 15 with the Securities and Exchange Commission (SEC) to voluntarily deregister the Company's common stock and suspend its 2011 reporting obligations on a going-forward basis under the Securities Exchange Act of 1934. The Company expects the deregistration to become effective within 90 days after filing with the SEC. 

As a result of this filing, the Company's common stock will cease to be eligible for future trading on any national exchange or the OTC Bulletin Board on or about the close of business on January 24, 2011. Although our common stock may become eligible for quotation on the Pink Sheets by broker dealers if market-makers support a market in our shares, we intend to take no action to encourage or support continued trading in our shares.

About TNFG Corporation, formerly Terra Nova Financial Group, Inc.

TNFG Corporation trades under the stock symbol "TNFG" and is listed on the OTC Bulletin Board.

Forward-looking statements

Certain statements in this press release may constitute "forward-looking" statements as defined in Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and other laws and regulations. Such forward-looking statements involve known and unknown risks and other important factors that could cause the actual results or performance of the company to differ materially from any future results expressed or implied by such forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words "plan," "believe," "will," "expect," "anticipate," "intend," "project," or other similar words, or the negative of these terms or comparable language, or by discussion of strategy or intentions. This cautionary statement is being made pursuant to applicable securities laws with the intention of obtaining the benefits of the "safe harbor" provisions of such laws. The Company cautions investors that any forward-looking statements made by the Company are not guarantees or indicative of future performance and are qualified by the inherent risks and uncertainties surrounding future expectations generally, and also may materially differ from actual future experience involving any one or more of such matters. Such risks and uncertainties include: unknown liabilities and claims; unanticipated expenses, or higher than expected expenses and costs in dissolving and winding up the Company's business; the ability to obtain SEC reporting relief; the risk of delayed or non-payment of the Lightspeed note; and the risks that are described from time to time in our reports filed with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2009, as amended, and the Quarterly Report on Form 10Q, which are available at the SEC's web site http://www.sec.gov. This press release speaks only as of its date, and except as required by law, the Company assumes no obligation to update or revise any forward-looking statements in this press release, whether as a result of new information, future events, or otherwise.

Contact Information

  • Press Contact:

    For TNFG Corporation
    Murrey Wanstrath
    214-954-0324