Transnational Automotive Group (OTCBB: TAMG)
YAOUNDE, CAMEROON–(MARKET WIRE)–Jul 6, 2006 — Parker Transnational Industries – Cameroon (”PTIC” or the “Company”), a subsidiary of Transnational Automotive Group, Inc. (OTC BB:TAMG.OB – News) today announced that it has signed an agreement with Poseidon, a leading advertising firm in Cameroon, to sell advertising space on its buses to major companies in Cameroon.
“We chose Poseidon, an affiliate of Nelson Cameroon, the leading branding and marketing communications firm in Cameroon, because of their sales distribution channel and because the quality of their work best reflected the high standard that we have set for our image in Cameroon”, said Mr. Don Durand, President of Africa Operations for Transnational Automotive Group, Inc.
“We are very pleased to work with PTIC. The advertising revenue from this high-profile project could be substantial. Once we are fully mobilized we hope to attain impressive per bus revenues, not including the bus shelters and other print media.” said Claude Jobin, spokesperson for Nelson and Poseidon.
As part of the agreement with the Government of Cameroon, PTIC is responsible for providing urban passenger transportation throughout the country. The Yaounde bus system represents the first phase of this important infrastructure project. The first delivery of 17 urban buses is scheduled to arrive in Cameroon during the week of 16 July, 2006, along with 11 rural buses for Transnational Automotive Group – Cameroon, a second transportation subsidiary of Transnational Automotive Group, Inc. Operations will begin to ramp up in the following weeks. At full operation, PTIC is forecasting up to 180 buses for just the Yaounde operation.
Yaounde has been without organized urban bus transportation for about 11 years. As such, PTIC and Poseidon will be developing a plan to leverage the profile of this important project to sell advertising on all appropriate space such as bus shelters, bus maps and fare cards.
“Our aim is to maximize our advertising revenue to help sustain the profitability of the Company, while at the same time keeping the fares affordable for our rider ship”, concluded Mr. Durand.
Transnational Automotive Group Inc. (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, Transnational Automotive Group, Inc. 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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