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SOURCE Trans Global Group, Inc.
CORAL SPRINGS, Fla., June 30, 2014 /PRNewswire/ -- Trans Global Group, Inc. (PINKSHEETS: TGGI) International Green Building Group, Inc ("IGBG") a subsidiary of Trans Global Group, Inc. started as a Licensed General Contractor in Virginia in 2011 and its 2013 revenues exceeded $600,000. IGBG is poised to grow revenues by increasing its bidding activity during the second half of 2014 with the use of joint venture bidding.
To help expand operations, IGBG's CEO, Nathan Hall, recruited the August 2008 Inc. Magazine Award Winner Ronald Skelly to be IGBG's Vice President. According to Inc. Magazine, Mr. Skelley cofounded Home Solutions of Virginia in 2002 and by 2004 they generated 5.2 million dollars in revenue, then from 2004 to 2007 increased revenues to 9.5 million dollars. This represents an 82% increase of revenue.
IGBG through its President, Nathan Hall, holds 10 different FEMA Certificates and has established IGBG as a Service Disabled Veteran Owned Small Business (SDVOSB) General Contractor which places the Company in a strong position when it places bids on both State and Federal contracts. IGBG through the construction division has carved out a niche market in VA primarily focusing on Insurance jobs, Roofs, and windows allowing the company generate income while developing other facets of the company. IGBG has two other divisions with very unique Green products. One of the products is a proprietary formula used for oil remediation and/or clean-up for shallow drilling wells and tankers and is one of only 54 approved products listed on the Government EPA list.
IGBG is creating a network of Contractors around the country to partner with using its SDVOSB status to bid on any and all Federal jobs nationwide under a joint venture allowing IGBG to retain a minimum of 51% of all contracts with no limitation on the type of project it bids on.
TGGI's CEO, Christopher J Clarke and IGBG recently submitted a bid on a federal project for disaster relief worth over 45 million a year for 5 years. Although the Company did not receive an award on the first round of solicitations, another round of solicitations for bids on the disaster relief project are expected to be made available this year where IGBG will submit 3 more bids for different categories on the ACI solicitations.
In addition, the Company has identified a number of state and federal opportunities and is actively seeking General Contractor partners in several States to collaborate with and bid on the projects as well as bid on other construction projects around the country. Please go to http://www.igbgconstructiongroup.com/ and submit your information to be contacted to discuss joint venture possibilities with your company.
IGBG will be announcing more information on its other divisions and acquisitions it is working on in the coming days.
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.
For additional information about this release please contact;
Christopher J Clarke
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