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Trans Global Group Inc. established WTB in BVI

Dubai, United Arab Emirates, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Trans Global Group Inc. (“TGGI” or the “company”) announced that today the company completed the establishment of Wing Tiger International Block Chain Technology Co., Ltd (WT) in BVI (British Virgin Islands) on October 12th. The main business in this company is established two value systems through developing blockchain technology and using it.

  1. Based on ERC-20 standard, issuing encrypted digital asset WTB.

  2. Launched the WTBS Internet social e-commerce APP, so that consumers can get unequal amounts of WTB while consuming, and make consumption value-added come true.

Our business logic is to build a huge valuable ecosystem with stable trust mechanism through the uniqueness and limitation of the issued token WTB. To promote the global awareness of WTB and accelerate its liquidity, consumer mining, smart payment and smart contracts should be used world-wide, thereby increasing the financial value of WTB continuously. Under the establishment, TGGI will hold an 85% stock equity and be the largest shareholder of WTB, a wholly-owned subsidiary of TGGI.

Mr. Ren Chen, President and Chairman of TGGI, said:” We have completed the company’s innovative project for the application of the global blockchain technology. This will be a new breakthrough both in technology and concept, and a pioneering work for the application of the global blockchain technology in the world. Our goal is to bring continuous investment returns to WTB holders and create sustainable value for our consumers and shareholders.”

About Trans Global Group Inc.

Trans Global Group Inc. is a U.S. holding company incorporated in Delaware.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on our management's current expectations and beliefs, as well as a number of assumptions concerning future events.

Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control and all of which could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in our reports filed with the Securities and Exchange Commission, which are available, free of charge, on the SEC's website at www.sec.gov.

For more information, please contact:

Investor Relations

EverGreen Consulting Inc.

Ms. Janice Wang, Managing Partner

Email: IR@changqingconsulting.com

Phone: +1 470-940-3308 (from U.S.)

+86 13811768559 (from China)


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