Microcap Alert Issues .003 to .004 Price Target on TGGI

Microcap Alert Issues Price Target on Trans Global Group (TGGI)
Last Updated: Aug. 4, 2010 - 6:00am EST

NEW YORK--Microcap Alert has issued a traders opinion on Trans Global Group, Inc, Inc. (OTC:TGGI), a diversified investment holding company, with a near-term price target of $0.003 to $0.004 per share.

Story Background

In June 2010, the Company announced that it had entered into an agreement to merge Full Spectrum Media, a wholly-owned subsidiary of TGGI, into American Life Holdings Company, Inc. (OTC:ALFE), a fully reporting OTC BB company. Upon completion of the merger, shareholders of TGGI would receive new shares in ALFE through a stock dividend issuance.

News Pending

Early in July the Company announced it had begun work on auditing Full Spectrum Media preparing for the upcoming merger, and was expected to be announced around August 1st, 2010. This indicates the market may be receiving an update on this merger/acquisition sometime in the very near-future.

TGGI and ALFE Connection

Randy Schneider, the President and director of Kazore Holdings, Inc. a subsidiary of TGGI, was recently elected to the Board of Directors of ALFE as well. This points to increased odds that a merger between TGGI and ALFE have now grown.

Reducing Shares Outstanding

The Company also announced it had reached an agreement to cancel 500 million shares issued in exchange for preferred shares, which would reduce the shares outstanding from around 1.5 billion to around 1 billion common shares. This would indicate that TGGI may currently be trading at a market cap of less then $1 million under the $0.001 price range, which would be far to low for a company about to merge onto the OTC exchange.

Technical Analysis

The stock has recently broken above its 50 day moving average with strong retail volume which may indicate a potential 'lock-up' of the public float. The MACD is in the process of turning positive, and the TRIX indicates possible move to the plus-side later in the week.

Price Target

Based on the move to merger their subsidiary into ALFE and issue new shares out to TGGI shareholders, the connection between these two companies through Mr. Schneider, prospect of the retirement of 500 million shares, and the bullish technical indicators makes TGGI a play to watch. Based on these facts, and the technical aspects of the chart, it is our opinion that TGGI could be trading up to the $0.003 to $0.004 range in the very neat-term.

About Microcap Alert

Founded in 2009, Microcap Alert is a central portal for investors and financial professionals to discover under-the-radar micro and nano cap public companies. The site provides independent research and frequent trade alerts which are distributed to a wide array of financial institutions, trading desks and fund managers.  The company enables small startup companies to address a select audience of investors and institutions that are specifically looking for the next great microcap news story. www.microcapalert.com

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