Actor Tony Danza Signs Agreement to do a Cooking Show Produced by Clear Cut Film Technology Studios at Patsy's Italian Restaurant in Manhattan, NY.

HOLLYWOOD, Calif. -- Clear Cut Film Technology Studios (OTC:TGHG), formerly Trans-Global Holdings, Inc., announces that Tony Danza has signed on to do a Cooking show at Patsy's Italian Restaurant.

The show features famous Chef Sal Scognamillo cooking for Mr. Danza and company (t.b.d. please see "high profile patrons" below.) The first show, with Mr. Danza, is scheduled to be shot in the next two months.

Clear Cut Film Technology Studios is taking the first steps in creating this weekly TV show. The company's goal is to appease both the younger and more mature audiences. Different guest stars will be brought on the show each week, ranging from musicians, sports players, and actors. Basically this is a "Cooking with the Stars" if you will.

About Patsy's Italian Restaurant:

Founded in 1944 by Pasquale "Patsy" Scognamillo, Patsy's Italian Restaurant has been in its current and only theater district location (in the building just next to the original site) since 1954. In over 55 years of existence, Patsy's Italian Restaurant has had only three chefs -- the late Patsy himself, his son Joe Scognamillo, who has been at the establishment since the tender age of seven, and Joe's son Sal Scognamillo, who has been manning the kitchen for the past 15 years.

Some of Patsy's Italian Restaurant's high profile patrons include Rush Limbaugh, Al Pacino, Placido Domingo, Alec Baldwin, Kim Basinger, Tom Hanks, Madonna, George Clooney, Rappers Heavy "D" and Sean "Diddy" Combs, David Letterman, Oprah Winfrey, Keanu Reeves, Jonathan Demme, Tony Bennett, Don King, Robert DeNiro, Don Rickles, Jacklyn Smith, Phyllis George, Stephen King, Mario Puzo, Calvin Klein, Carroll O'Connor, Jon Bon Jovi, Liza Minelli, John F. Kennedy, Jr., Chris Noth, Farrah Fawcett, Jaime Farr, Chevy Chase, Cheryl Ladd, Huey Lewis, and Patty LaBelle, to name several.

Patsy's Italian Restaurant has been known for years as Frank Sinatra's favorite restaurant, and in fact, his family still enjoys dining at Patsy's Italian Restaurant whenever they are in town. In addition to Sinatra and family, Patsy's Italian Restaurant has become a favorite with countless stars on both the east and west coast, who have come to regard Patsy's Italian Restaurant as a mecca of Italian fine dining.

For more information on Patsy's Italian Restaurant, such as News Releases and Reviews, please visit their website at www.patsys.com.

About Clear Cut Film Technology Studios, Inc.

Clear Cut Film Technology Studios, Inc. (formerly known as Trans-Global Holdings Incorporated) is an innovative entertainment company that develops and produces exciting motion pictures and television productions by some of the most prominent leaders in the entertainment industry. Recently the Company announced the acquisition of Half Way to Tucson, Incorporated. The Company's motto is "INNOVATION IN EVERY FRAME" and is representative of the creativity and innovation that this company puts into each of their productions. For more information about Clear Cut Film Technology Studios, Inc., please visit http://www.tghgotc.com/.

Note Regarding the Private Securities Litigation Reform Act of 1995

Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties including, without limitation, risks associated with operations, availability of capital on a reasonable term, the effects of government regulations and operations risks, and other risk factors. The forward-looking statements contained herein reflect the Company's judgment as of the date of this release, and the Company cautions readers not to place undue reliance on these statements.