Transnational Automotive Group, Inc.
OTC Bulletin Board : TAMG

Transnational Automotive Group, Inc.

February 01, 2006 15:01 ET

Transnational Automotive Group, Inc. Expands Board of Directors

SEATTLE, WASHINGTON--(CCNMatthews - Feb. 1, 2006) - Transnational Automotive Group, Inc. (OTCBB:TAMG) today announced that it has expanded its Board of Directors from two to five members, appointing three new members. Dan Goldman, William T. Jacobson, and Dr. Ralph J. Thomson joined the board, which previously consisted of Adam Jenn and Chairman Joseph Parker.

"The addition of these highly qualified individuals to our board is consistent with the Company's growth and will provide the Company with a broad range of management and economic expertise essential to guide the corporation as it develops and fulfills its mission and vision," according to Chairman Joseph Parker.

New board member William Jacobson is currently the President and CEO of Atlas Mining (OTCBB:ALMI), based in Idaho and established in 1924. He has been in that position since 1997 and brings valuable public company management experience to the board. According to Mr. Jacobsen, "TAUG obviously has a great future in the business world. The business plan is very solid and accomplishments impressive. Being a part of that will be an honor and privilege."

Ralph J. Thomson, Ph.D., MALD, MA, is the Chairman and CEO of International Business Catalysts, LLC, an international business development and finance group founded in 1988 with offices in Salt Lake City, San Francisco, Washington DC, Beijing, Shanghai, and London. He has an extraordinary list of accomplishments and credentials in the areas of international business and relations. Dr. Thomson stated that, "TAUG already has an exceptional collection of officers and directors. I am proud to join this hard-working group of professionals."

Dan Goldman is CFO of TAUG and has been with the Company since its inception. He also served on the Board of Directors of TAUG predecessor, Apache Motor Corporation.

Biographies of the new board members and all TAUG management may be found at the Company website, www.transauto-group.com.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Security Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Securities Exchange Commission.

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