Transnational Automotive Group (OTCBB: TAMG)
SEATTLE, WASHINGTON–(MARKET WIRE)–Jun 27, 2006 — Transnational Automotive Group, Inc. (OTC BB:TAMG.OB – News)(”TAUG”), today cited the Company’s progress towards implementation of its international business plan by announcing that the first order of buses has been shipped from Shanghai, destined for Douala, Cameroon.
“Once these 28 buses arrive in Douala, we can begin work to put the buses into operation in Yaounde,” stated Mr. Joseph Parker, Chairman and CEO of TAUG. TAUG chose a newer vessel, the BBC Germany, that can make the trip from China to Cameroon in about 35 days. The buses left Shanghai on June 11th, 2006 and are scheduled to arrive on July 16th, 2006.
“We have achieved a significant milestone in our business plan,” stated Mr. Don Durand, President of Africa Operations. “Screening and selection of drivers has taken place in addition to the planning of bus routes, preparing Cameroon for the arrival of the buses.”
“The arrival of the buses in Cameroon will be a significant event for the people and the Government. The cities of Cameroon and in particular its capital city Yaounde have been without adequate bus transportation for 15 years. We are very proud to be a part of this type of transformation which will have a positive impact on the people and economy of this country,” continued Mr. Durand.
This delivery fulfills the first part of TAUG’s contract with the Cameroon Government in which TAUG is to provide all the urban areas of Cameroon with bus service. The first city to receive the buses will be the capital, Yaounde.
Transnational Automotive Group (OTC BB:TAMG.OB – News), a Nevada corporation, is a transportation management, sales and manufacturing company. Our vision is to become the leading provider of transportation management and vehicle sales in the developing world. Headquartered in Seattle, WA, TAUG has been established through key acquisitions of leading transportation and automotive businesses.
This news release contains certain “Forward-Looking Statement” within the meaning of Section 21E of the United States Security Exchange Act of 1934. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents files from time to time with the Securities Exchange Commission.
Contact:
Contacts:
Transnational Automotive Group, Inc.
Mr. Dan Goldman
Director, VP Business Development and Treasurer
(206) 262-7413
(206) 262-7814 (FAX)
dgoldman@transauto-group.com
http://www.transauto-group.com
Source: Transnational Automotive Group, Inc.
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