Board Votes to Pursue $4 Million Acquisition.DES PLAINES, Ill.--(BUSINESS WIRE)--June 1, 1999-- Trans-Global Holdings, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:TGHI) announced today that the board voted to pursue a $4MM acquisition. This opportunity would provide the resources for the company to launch a major nation-wide advertising campaign during the summer of 1999. 60 Million potential TV viewers in 120 U.S. cities would learn about the company's many resorts and travel programs. Trans-Global Holdings, Inc. will release more details once due-diligence and final negotiations are completed. As proposed, the acquisition would require no cash or debit to the company, and would limit dilution to no more than 8%. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John LaMonica commmented "If we follow through on this acquisition it would give the company major nationwide exposure and substantially multiply our revenues in very short order. This acquisition would also give us the required asset value to qualify NWAV NWAV New Ways of Analyzing Variation (Linguistics academic conference) for NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on small cap status." This press release is in full accordance with the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Act. For more details about this and other developments or for a free investor's package; contact John LaMonica, CEO: 403/250-0181 E-mail: kevin.bluesky@home.com |
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