Transnational Group, Inc. Announces Corporate Name Change and Provides Full Disclosure to the OTC Markets
February 18 2014 - 8:30AM
Transnational Automotive Group, Inc. (OTC:TAMG),
today announced that the Company changed its corporate name to
Transnational Group, Inc., effective January 31, 2014.
Additionally, Transnational Group has provided full disclosure
of information to the OTC Markets Group, achieving "Current
Information" status as of January 25, 2014. This designation is
awarded to companies that follow the International Reporting
Standard or the Alternative Reporting Standard by making filings
publicly available through the OTC Disclosure & News Service
pursuant to OTC Pink Basic Disclosure Guidelines.
The Company has filed annual financial statements for the
periods ended February 28, 2012 and 2013 as well as interim
financial statements for the period ended November 30, 2013, which
are all available on the OTC Markets website. Transnational Group
has also applied to FINRA (Financial Industry Regulatory Authority)
to effect the name change in the marketplace.
"The decision to change our corporate name was made to more
accurately reflect the company's transition out of the automotive
industry and into the mining and exploration of natural resources
as its primary focus. Transnational Group is also committed to
providing full financial disclosure, which will instill more
confidence in our company by current shareholders and potential
investors," commented Dr. Philip Dutoit, Chief Executive Officer of
Transnational Group.
About Transnational Group, Inc.
Transnational Group, Inc. is a development stage holding
company, whose primary business is focused on the exploitation of
natural resources and acquiring and developing transportation
systems through partnerships and joint ventures, as well as the
development of formidable partnerships with sponsoring governments
and integrating management's best practices and expertise into
their infrastructure.
Forward-Looking Statements:
This press release includes forward-looking statements
concerning the future performance of our business, its operations
and its financial performance and condition, and also includes
selected operating results presented without the context of
accompanying financial results. These forward-looking statements
include, among others, statements with respect to our objectives
and strategies to achieve those objectives, as well as statements
with respect to our beliefs, plans, expectations, anticipations,
estimates or intentions. These forward-looking statements are based
on our current expectations. We caution that all forward-looking
information is inherently uncertain and actual results may differ
materially from the assumptions, estimates or expectations
reflected or contained in the forward-looking information, and that
actual future performance will be affected by a number of factors,
including economic conditions, technological change, regulatory
change and competitive factors, many of which are beyond our
control. Therefore, future events and results may vary
significantly from what we currently foresee. We are under no
obligation (and we expressly disclaim any such obligation) to
update or alter the forward-looking statements whether as a result
of new information, future events or otherwise.
CONTACT: 888-959-7095
ir@sealpointconsulting.com
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