TRANS GLOBAL GROUP, INC. ANNOUNCES
NEW PRODUCTS AND NO REVERSE SPLIT
Coconut Creek, FL --
March 12, 2020 -- InvestorsHub NewsWire -- Trans Global
Group, Inc. (OTCPK:
TGGI)
would
like to take this opportunity to
bring all
of its shareholders up-to-date on the Company
and share some insights as to where the
Company is headed over the course of 2020.
First off, we would
like to confirm that TGGI management has no intention of filing for
a reverse split of its Common stock. We are now in a position of
financial health that will allow us to carry out what is needed for
our plans in 2020.
We
recently
announced
that beginning in April, TGGI
will
start
receiving
its
$10,000
monthly payments from
Global
Consortium, Inc. The monthly
payments will be
increased starting
in August
to $16k per month, so the Company can
collect the total
amount
owed
of
$120,000
in 2020. This new injection of cash
will be
reflected in our quarterly statements. The money
collected will only be used to further the Company's business plan
to begin
generating revenue,
not to pay any accrued wages.
TGGI
spent the
last year and half fine tuning its revolutionary device that could
be used in the expanding cannabis edible market, alcohol market
and several
other
uses.
While
also developing new a residual revenue stream similar to how the
razor blade and k-cup markets operate. This device could
very easily replace the vape pen that was hugely
popular, allowing people to
still get the benefit of Cannabis/CBD
without
any
inhaling.
TGGI has a few paths
it could follow,
first
by
becoming a plastics manufacturer and shipping the unfilled products
to vendors who could
fill them
and sell them or second
by
entering
into
license deals allowing for the use of its products. There is
no single direction the Company needs to follow in order to
roll out
its product line, which has expended
beyond the original 2 designs.
During this time
the Company also
worked with a chef to create a line of sauces that can be sold as
plain or infused with CBD, THC or CBD-THC.
These
combinations give the company 20
different varieties to offer
consumers and half of them can be sold online.
In the coming
weeks the Company
will have
several announcements, that include new management
and
a series
of acquisitions "Rollup" of a
Global
product
that will
be
extremely beneficial to the devices.
The Company
intends
to have
this completed during the month of
April.
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.
Contact:
Matt
Dwyer
transglobalgroupinc@gmail.com
954-906-0098