N@N

Trans Global Group Files Financials for Third Quarter

^{Published on 2010-05-26 11:00:27 - Market Wire}
 

FORT LAUDERDALE, FL--(Marketwire - May 26, 2010) - Trans Global Group, Inc. (PINKSHEETS: [ TGGI ]) has filed its financial statement for the quarter ending March 31, 2010 with the OTCIQ. The Company should be reinstated to a full Pink Sheets Status by opening tomorrow morning.

The Company has also accepted the resignation of Manuel Losada as CEO and Chairman of the Board. The Board is seeking an outside Board member to replace Mr. Losada that can give a fair and impartial opinion of its pending transaction with American Life Holding Co, Inc. ("ALFE"). ALFE has recently brought its financials current and is trading on the Over the Counter Bulletin Board, a step necessary to complete the transaction.

The Company believes all other remarks made in the release to be accurate to the best of their knowledge.

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.