LAS VEGAS, July 24, 2014 (GLOBE NEWSWIRE) -- Transnational Group, Inc. (Pink Sheets:TAMG), today announced the official approval of its corporate name change by the Financial Industry Regulatory Authority (FINRA). The corporate action became effective today, July 24, 2014 whereby FINRA officially recognizes the Company's legal name as Transnational Group, Inc. which previously was Transnational Automotive Group, Inc.
"On February 18th of this year, the Company announced its name change to Transnational Group, Inc. as was approved and recognized by the state of Nevada, where the corporation is domiciled. However, there has been a delay by FINRA to officially recognize this change and we are pleased to announce this has finally occurred," commented CEO, Dr. Philip Dutoit.
"This will eliminate any confusion from the investment community as our corporate name will now be consistent across all financial websites and publications moving forward," added Dr. Dutoit.
About Transnational Group, Inc.
Transnational Group, Inc. is a development stage holding company whose primary business is focused on the exploitation of natural resources and acquiring and developing transportation systems through partnerships and joint ventures, as well as the development of formidable partnerships with sponsoring governments and integrating management's best practices and expertise into their infrastructure.
Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this press release, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," or "inferred," which may not be consistent with the reserve definitions established by the SEC. U.S. investors are urged to consider closely the disclosures in our reports filed with the OTC Markets Group, Inc. You can review and obtain copies of these filings from the OTC Markets website at: http://www.otcmarkets.com.
Forward-Looking Statements:
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control.