Transnational Automotive Group
(OTCBB: TAMG)
StockGuru: Begins Coverage of Transnational Automotive Group, Inc. – Low-cost and Energy Efficient Engines and Sales in Cameroon and Niger
On January 12, 2006 Transnational Automotive Group, Inc. changed its name from Apache Motor Corporation. The new stock symbol is OTCBB: TAMG.
Transnational Automotive Group, Inc. (“TAMG” or Transnational) was incorporated April 2, 1999, in the State of Nevada as Vitaminoverrun.com Corp. In August 2001 it changed its name to Apache Motor Corporation Inc. In November 2005 the Company changed its name again to Transnational Automotive Group, Inc.
The evolution of this company is logical and focused. By acquiring Parker Automotive Group, Inc. Transnational has focused on developing and operating urban and rural transportation in Central and West Africa – Cameroon in particular.
On September 7, 2005, the Company signed a Letter of Intent to acquire 100% of Parker Automotive Group International, Inc., (“Parker” or “PAGI”) including PAGI’s subsidiary companies and other assets following the initial acquisition.
Parker is a transportation management, sales and manufacturing company that has been established through key acquisitions of transportation and automotive businesses. It is headquartered in Seattle, Washington with initial international operations rollout planned in Cameroon and Niger.
The company’s business purpose is to establish a new paradigm for the transportation industry of Central and West Africa and other emerging economies by developing and operating urban and rural transportations systems, and also researching, commercializing and manufacturing next generation low-cost and energy efficient engines, parts and vehicles.
On October 28, 2005 the Company entered into an Agreement and Plan of Exchange with Parker.
Under the terms of the Agreement and Plan of Exchange, Parker agreed to be acquired by the Company by exchanging all of its outstanding Common Stock for twenty four million (24,000,000) shares of common stock of the Company.
On October 28, 2005 the Company issued 24,000,000 shares of common stock to the two shareholders of Parker in exchange for all of the outstanding shares of Parker.
Stay tuned for the details of actions in Cameroon. It’s outstanding. The progress is visible; it’s tangible; it’s real. Before and After pictures are available. Don’t change that channel.
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