Transnational Automotive Group, Inc.: PTI-C Appoints New General Manager for Urban Bus Operations in Cameroon
Transnational Automotive Group (OTCBB: TAMG)
YAOUNDE, CAMEROON–(MARKET WIRE)–Jun 22, 2006 — Parker Transnational Industries – Cameroon (the “Company”), a subsidiary of Transnational Automotive Group, Inc. (OTC BB:TAMG.OB – News) today announced that it has appointed Mr. Bokwe G. Mofor as the new General Manager of the Company. The announcement was made following a meeting of the Board of Directors held in Yaounde.
Mr. Mofor replaces Don Durand, the Interim Managing Director and currently the COO of Transnational Automotive Group. Mr. Mofor is a member of the bar in Cameroon, the state of New York, and the Supreme Court of the United States. He holds an MBA from the University of the District of Columbia and a master’s degree in law from Georgetown University in Washington, DC. He is a native of Cameroon, and acted as Transnational Automotive Group’s Attorney (from Muna, Muna & Associates) during the organizational phase of the Company’s Cameroon business. He also has a successful law practice in Silver Spring, MD, a suburb of Washington, DC.
Joseph W. Parker, Chairman and CEO of Transnational Automotive Group, hailed Mr. Mofor’s appointment. “Bokwe is an excellent choice to head up the urban bus business in Cameroon. His selection received widespread praise from the Cameroon government and the public, and unanimous approval among company officers and directors. We could not have a finer person leading the Company as it goes into operation next month. This is a keystone business for our Company. Bokwe’s appointment is a positive step toward its success.”
The first delivery of 28 buses is scheduled to arrive Cameroon during the week of 16 July, 2006. Operations will begin to ramp up in the following weeks.
Mr. Mofor is enthusiastic about the position. “I am humbled and proud to be entrusted with this position and responsibility. The urban bus project is so important to the people of Yaounde and Cameroon. I will do my absolute best to insure its success.”
Mr. Mofor currently resides in Brookeville, MD but will shortly move back to Yaounde to assume his duties.
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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