-TransGlobal Assets Offers Financing for Biomass Waste Project.
Travel Business Review - 30 March 2011
TransGlobal Assets Inc (OTCQB: TMSH) (OTCBB: TMSH), a US-based holding company, has offered a financing for a biomass waste pilot project to its joint venture partner, India-based Helios Inc.
The company is committing a funding of USD500,000 for construction of the biomass waste pilot project in Acatari, Romania. The project will allow a non-polluting, environmentally friendly conversion of landfill waste into eco-friendly energy and inert ash residue for concrete and related products.
Paul Thompson, the company vice president of investor relations, said 'This is an extremely exciting time for TransGlobal Assets and Helios as we are just beginning to show the world that we mean business - big GREEN business. There has been interest springing up all over the continent for the Helios system, such as cities in Egypt that need to dispose of medical waste in environmentally safe fashion, which is a very large concern for them. This is just one of many winning ventures in our business plan for which we are announcing financing.'
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((Distributed via M2 Communications - http://www.m2.com)).END.PUB430>PDMarch 30, 2011>JNTRAVEL BUSINESS REVIEW.PRICEDATENOT APPLICABLE.DAY
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|Publication:||Travel Business Review (TBR)|
|Date:||Mar 30, 2011|
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