TAMG Transnational Group Inc (PK)

Transnational Automotive Group, Inc. (TAUG) (OTCBB:TAMG) today said it has received special commendations from the offices of California Governor Arnold Schwarzenegger and Los Angeles Mayor Antonio Villaraigosa for being selected as one of two U.S. companies to receive the Department of State�s 2007 Award for Corporate Excellence (ACE) from U.S. Secretary of State Condoleeza Rice. TAUG won the coveted ACE award in the small-medium sized enterprises category for its work providing safe, affordable transportation and increasing local quality of life in Cameroon. General Electric Company (NYSE: GE) was recognized in the multinational category for its work in Indonesia. A certificate signed by Governor Schwarzenegger said: �I commend you for providing safe, reliable mass transportation to millions of people in Cameroon. This fantastic accomplishment has helped improve the quality of life in that nation and is a fine reflection of your great commitment to helping economies � and individuals � prosper. Thank you for representing California so well through your outstanding actions.� The certificate signed by Mayor Villaraigosa stated: �As mayor of the City of Los Angeles and on behalf of its residents, it is my pleasure to congratulate you on being honored with the 2007 U.S. State Department Award for Corporate Excellence�This is certainly a special occasion and I am pleased to join with other members of the community in recognizing your accomplishments and achievements�� Established in 1999, the ACE award recognizes the critical role U.S. businesses play globally as good corporate citizens, with nominees submitted by U.S. ambassadors around the world. The two winners were selected from a record 62 nominations and nine finalists, including CalEnergy, Citi, Coca-Cola, General Motors, Merck, Microsoft and Ruralfone. TAUG began operations in Cameroon in September 2006 with the support of Cameroon�s Head of State and President Paul Biya, its Head of Government and Prime Minister Ephraim Inoni, and Cabinet-level officials. By leveraging the fixed assets and infrastructure of LeBus and LeCar, TAUG provides an expanding transportation network with superior service focused on safety, security and reliability at affordable fares. �We were deeply honored to accept this prestigious award from the U.S. Secretary of State and appreciate the recognition we have received by our governor and mayor,� said Dr. Ralph J. Thomson, TAUG chairman and chief executive officer. For more information about the Award for Corporate Excellence or to access a video archive of TAUG�s award presentation, visit www.state.gov/e/eeb/ace. Founded with the goal to improve millions of lives through its economic and social development projects, TAUG currently employs more than 700 people in Cameroon. TAUG established and currently is operating the country�s government supported mass transportation urban bus system, LeBus, in the capital city of Yaound� and an inter-city, rural bus system, LeCar, between Yaound� and Douala, Cameroon�s two leading commercial and population centers, with plans for several new urban and inter-city route openings. In its first year of operations, TAUG Cameroon has transported more than 5 million passengers. The company has been invited by 13 Sub-Saharan African governments and business communities to undertake operations in transportation and energy-related programs. For more information about TAUG, visit www.transauto-group.com.