TRANS-GLOBAL BOARD AUTHORIZES ACQUISITION OF SUNRAYE RIVER ESTATES

Press Release: Trans-Global Holdings, Inc.

June 5, 1999
Trans-Global Holdings, Inc. (OTC BB:TGHI) announced Thursday that their Board voted to authorize the $3 Million acquisition of SunRaye River Estates. As proposed, this is for stock acquisition, dilution will be limited to no more than 5.5%, and will require no debit to be incurred.

SunRaye River Estates, in northeastern Florida, will be one of the many Trans-Global Holdings, Inc.'s vacation ownership interest (VOI) properties they will be marketing worldwide, year round.

The focus of Trans-Global Holdings, Inc. is the development and marketing of selected properties for resale within the VOI industry, otherwise known as timeshare.

Leaderboard Inc. has been contracted and will concentrate on investor relations, venture packaging, strategic partnering, innovative marketing and equity financing.

Commenting on the announcement, John LaMonica, CEO of Trans-Global Holdings, Inc. stated: "Joining forces with Leaderboard Inc. enables Trans-Global to launch into the VOI industry from a powerful foundation. This strategic alliance makes for a strong winning team that can accomplish more for less money and time. We are very excited. Management will also be making further announcements next week that should reassure our shareholders that this company is both aggressive and progressive.''

Similar to Resort Quest (Nasdaq:RZT), Fairfield Communities (NYSE:FFD), Sunterra Corp. (NYSE:OWN), Silverleaf (NYSE:SVR), Vistana Inc. (Nasdaq:VSTN) and Trendwest Resorts (Nasdaq:TWRI - news), Trans-Global Holdings, Inc. intends to be recognized as a front-runner in the VOI industry.Statements in this Press Release that are not purely factual are "forward looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Trans-Global Holdings, Inc.'s expectations, hopes, beliefs, intentions or strategies regarding the future
generally, Trans-Global Holdings, Inc.'s growth strategy, future sales and anticipated trends in Trans-Global Holdings, Inc.'s business. All forward looking statements included in this Press Release are based upon information known to Trans-Global Holdings, Inc. on the date hereof, and Trans-Global Holdings, Inc. assumes no obligation to update any such forward looking
statements. It is important to note that actual results could differ materially from those in such forward looking statements as a result of a number of factors, most of which are out of the control of Trans-Global Holdings, Inc., including, but not limited to, Trans-Global Holdings, Inc.'s early stage of development, its lack of profitability, cash flow and competition.

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