Trans Global Group's New CEO Takes Over

CORAL SPRINGS, Fla., Feb. 13, 2012 /PRNewswire/ -- Trans Global Group, Inc. (PinkSheets: TGGI) is pleased to announce the Company has completed the transition of its new CEO/President.  Gene Caiazzo has stepped down as director and President.

The direction and control of TGGI now rests with its new CEO/President Chris Clarke.  To move the Company in its new direction, Chris has updated PinkSheets.com with current information about the Company and updated the Nevada Secretary of State website to reflect the change in control of the Company.

Trans Global will look to concentrate efforts and assist its subsidiary VersaGreen Energy Corporation in expanding its product offerings in the USA and abroad.   VersaGreen Energy Corporation will set written quarterly goals this week for all three business development departments (residential, commercial, government).  TGGI will conduct review meetings on a monthly basis with VersaGreen's business development departments to assist them in reaching the set benchmarks.

Trans Global Group's new CEO Chris Clarke states, "Expanding VersaGreen Energy's commercial and government product offerings will give the company more options here in the US and will establish a solid foundation to build from when expanding internationally.  There will be a strong push for commercial and government contracts in Central and South America that will take this company to the next level."

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:
Chris Clarke, CEO/President, at 954-509-3749 or email [email protected]

SOURCE Trans Global Group, Inc.