Trans Global Group, Inc. Receives Approval to Acquire Ecosafe
January 05 2010 - 8:30AM
Marketwired
Trans Global Group, Inc. (PINKSHEETS: TGGI) (www.ecosafeus.com) and
its wholly owned subsidiary Ecosafe Insulation of FL, LLC have
received both Director and shareholder approval to acquire ECOSAFE
PREMIUM FOAM® from American Green Group, Inc. (PINKSHEETS: AMNE).
Both TGGI and AMNE have been granted approval from their
perspective Boards and majority shareholder approval to proceed
with the transaction.
A formal agreement will be entered into and a mutually agreed
upon third party will be retained to render a fairness opinion to
determine the fair market value of Ecosafe Premium Foam®.
TGGI has been working to expand its network of sales and
installation centers around the country and hope to have a
significant portion of the country covered by the end of the
year.
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.
For additional information about this release please contact
Wallstreet-Review 954-617-5663
American Green (CE) (USOTC:AMNE)
Historical Stock Chart
From Oct 2024 to Nov 2024
American Green (CE) (USOTC:AMNE)
Historical Stock Chart
From Nov 2023 to Nov 2024