Press Release: TransAmerican Holdings, Inc.
August 22, 2002
BEVERLY HILLS, CA -- TransAmerican Holdings, Inc. (OTCBB:TAHI) Chairman and CEO, Najib Choufani, announced Aug.
15 the acquisition of 51% of Shaden Al-Khaleej Est., of Riyadh, K.S.A. Shaden is a leading Middle Eastern firm
whose major activities are Construction, Architectural design, related Communications, Decorative Stamped Concrete
applications and specialized interior design and furnishings which are targeted to both commercial and high-end
residential projects.
TransAmerican, because of the diversification of Shaden, has now entered into all of the broader aspects of the
construction industry. The combined expertise of the newly merged companies will cover the financing of projects
and the complete construction and/or renovation of large commercial projects including the interior design and
the build out and installation of the related communication systems.
All of the Key Management and Personnel of Shaden will continue in their present capacities. Based on Shaden's
past and ongoing successful operations and their current slate of projects there is an increased demand for expansion
capital. The merger of the companies was of mutual advantage. TransAmerican will fund the expansion capital needed
by Shaden to keep abreast of the demand for new hotel and resort construction in Beirut. TAHI's management anticipates
that this will lead to significant corporate growth and future positive reports for their shareholders.
About TransAmerican Holdings, Inc.
TransAmerican Holdings, Inc. is a holding company whose primary objective is to build a portfolio of profitable
and synergistic high-growth businesses by developing, acquiring and investing in emerging companies to help them
establish a significant presence in major segments of the economy.
This document contains forward-looking statements that are subject to risks and uncertainties that could cause
actual results to differ materially from those expressed or implied in the statements. These and all forward-looking
statements (including oral representations) are only predictions or statements of current plans that are constantly
under review. TransAmerican does not intend to update or revise these forward-looking statements to reflect the
occurrence of future events or circumstances.
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Contact:
TransAmerican Holdings, Inc.
Najib E. Choufani, 310-271-4159
nc@tahiusa.com