Trans Global Group Completes Acquistion of VersaGreen Energy Corporation

STUART, Fla., Jan. 10, 2012 /PRNewswire/ -- Trans Global Group, Inc. (PinkSheets: TGGI) is pleased to announce the Company has executed documents and completed the acquisition of VersaGreen Energy Corporation (www.versagreenenergy.com).

TGGI will exchange 2,250,000 shares of its Convertible Preferred Series AA to VersaGreen in exchange for all the outstanding shares of the company. VersaGreen will be operated as a wholly-owned subsidiary of Trans Global Group and work to integrate the products of FederaLED in its sales approach.

Gene Caiazzo stated "TGGI will benefit tremendously as a company when Chris Clarke assumes control and begins to merge products of FederaLED with VersaGreen for their Commercial sales in the US and abroad."

About VersaGreen Energy Corporation

VersaGreen Energy Corporation is a renewable energy marketing company with a focus on green energy products that reduce energy consumption and save consumers money.  Our cutting edge products combine science and technology to reduce energy consumption, increase efficiency and lower our customer's monthly bills as well as their carbon footprint.

VersaGreen Energy will take a direct sale approach into markets in Florida and Texas in this first quarter of 2012.  Commercial and residential sales revenue projections for the two states are expected to be in the seven figure range prior to the 3rd quarter of 2012.  In addition to its sales in the USA, VersaGreen Energy is expected to expand into Costa Rica where they have extensive business and government contacts.

Leading the charge is VersaGreen Energy's CEO, Christopher J. Clarke who is no stranger when it comes to growing companies.  As CEO of a transportation company from 1996 until 2009, Mr. Clarke increased revenues from zero to over 10 million per year in just the first three years of operation and continued for the duration of his tenure.  Mr. Clarke also has shown his abilities to multi-task and has successfully operated more than one company at a time.  In 2004, while CEO of the transportation company, Mr. Clarke started a disaster relief company that performed work under the Army Corps of Engineers program known as the "Blue Roof Program," a program that consists of installing temporary roofing tarps for the affected houses.

Revenues from the 4 hurricanes during the 4 month period in 2004 totaled over 1.8 million while helping 1,889 affected home owners.  Mr. Clarke has had continued success since 2004 helping over 3,500 home owners and expanding business and government contacts along the way.

Upon closing the next acquisition Gene Caiazzo will step down as an Officer and Director of TGGI and Chris Clarke who has been appointed as a Director and CEO will assume the daily responsibilities of the Company.

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:

Gene Caiazzo, President, at 386-314-0847

SOURCE Trans Global Group, Inc.