Transnational Automotive Group, Inc.
OTC Bulletin Board : TAMG

Transnational Automotive Group, Inc.

October 12, 2006 18:41 ET

Transnational Automotive Launches Cameroon Bus Operations

SEATTLE, WASHINGTON--(CCNMatthews - Oct. 12, 2006) - Transnational Automotive Group, Inc. (OTCBB:TAMG) ("TAUG") today announced the successful launch of LeBus, its urban bus system in the Republic of Cameroon's capital city, Yaounde', on September 25, 2006.

In adherence to its agreement with the Government of Cameroon to provide bus service throughout the entire country, TAUG effectively began the first phase of systematic bus operations by launching 7 buses on the first of 13 lines planned for the city. During the first week of limited operations, the Company transported over 20,000 enthusiastic passengers who have not experienced organized transportation in Yaounde' for almost two decades.

On October 2, 2006, the Company launched its second line with 9 additional buses, bringing the first-phase operation to 16 buses with one reserve vehicle. Again, the demand for this second line has been strong with steady ridership growth each day as more people learn that they can rely on the schedules, safety, comfort, and low fares -- at prices substantially below alternative, unsystematic means of transport previously servicing Yaounde'.

During the Launch Ceremony, which was attended by Cameroon's Prime Minister and Head of Government, Ephraim Inoni (a strong advocate of the new urban transport system), U.S. Ambassador Niels Marquardt noted that this public-private investment venture would "create jobs, hope, lodging and urban transportation in Cameroon" and that its success would be "a beacon to others". According to the Ambassador (himself an active supporter of the project), September 25 would symbolize not only the day when the nation's capital saw the relaunching of bus service in the city, but also the day "when Cameroonians could see that private investment is coming to Cameroon to help them (grow and improve their economy)."

"Not only have we achieved a major milestone in our business plan as we have started to generate revenue, but importantly, we have started to transport passengers systematically and effectively," stated Mr. Don Durand, TAUG's President of Africa Operations. "The public and media response has been overwhelming and the performance of our staff is a testament to their training and their professionalism."

"This is a significant event for the people of Cameroon and their Government," said Dr. Ralph Thomson, Chairman of the Board for TAUG. "The growing cities of Cameroon have been without adequate urban transportation and, in particular, the city of Yaounde' has been without bus transportation worthy of a major capital for too long. We at TAUG and LeBus are very proud to play a part in this type of transformation which we are convinced will have a profound impact on the people and overall economic and social development of this well-positioned country."

Transnational Automotive Group (OTCBB:TAMG), a Nevada corporation, is a transportation management, sales and manufacturing company. Our vision is to become a leading provider of transportation management and vehicle sales in the developing world. Headquartered in Seattle, WA, TAMG has been established through key acquisitions of leading transportation and automotive businesses.

This news release contains certain "Forward-Looking Statement" within the meaning of Section 21E of the United States Security Exchange Act of 1934. All statements, other than 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 files from time to time with the Securities Exchange Commission.

Contact Information