LAS VEGAS, June 17, 2015 (GLOBE NEWSWIRE) -- Transnational Group, Inc. "Transnational" (Pink Sheets:TAMG), today announced the appointment of Nir Giat to its Board of Directors, effective June 1, 2015.
Dr. Philip Dutoit, the Company's CEO, stated, "Transnational Group is pleased to welcome Nir Giat to its Board of Directors. He has several years of experience working successfully in the heavy equipment industry and Southwest US real estate markets. Both of these areas are of great interest to our company as we are continuously exploring the option to purchase new properties that contain gypsum and other mineral resources in the Las Vegas and surrounding areas."
Nir Giat is currently a partner and owner of the New Age Real Estate Group, a global real estate investment firm providing institutional investors, public companies, private companies and high net worth individuals with access to diversified, cross-border real estate investments. Mr. Giat has held this position for over 15 years, operating in Scottsdale, AZ and Southern California where he began buying and selling commercial real estate properties including full construction and rehabilitation projects.
Prior to starting this successful commercial real estate business, Mr. Giat spent his professional career brokering the sale of heavy equipment between the United States and Israel, his native country. Most recently, he established "The Hummus Republic," a brand of Middle Eastern influenced health food currently available at three retail locations in Southern California.
"I am honored join Transnational's Board and work alongside this group of accomplished professionals with diverse experience and skill sets that have led to their success. This is an exciting time to join this company as it is in a period of growth through the acquisition of properties with valuable resources," said Giat. "I look forward to lending my knowledge, experience and contacts as Transnational Group looks to begin mining operations moving forward."
"Additionally, Mr. Giat's experience working as a heavy equipment broker across borders will be of tremendous value to Transnational as we expect to lease or purchase such equipment for our mining operations set to begin in the near future," continued Dr. Dutoit.
About Transnational Group, Inc.
Transnational Group, Inc. is a development stage holding company whose primary business is focused on the acquisition and development of interests in the financial, consulting and natural resources sectors, focusing on developing properties and opportunities through partnerships and joint ventures, 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.
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.