TRANS-GLOBAL HOLDINGS TO ACQUIRE MURPHY ISLAND
Press Release: Trans-Global Holdings, Inc.
June 12, 1999
Trans-Global Holdings, Inc. (OTC BB:TGHI) has announced it has entered into an agreement to acquire Murphy Island.
Private and secluded, the beautiful Murphy Island rests in the St. Johns River in Palatka, Fla. The proposed development
of Murphy Island will include all the amenities of a family island paradise. This 800-acre island will hold four
theme restaurants, a deep sea marina, bicycle and cart trails, nature hikes, special recreation for children and
all facilities required for the most exciting bass fishing in the world.
The St. John's River is an incredible 310 miles long and holds the title of Florida's longest river. This magnificent
river stretches northward from Indian River County then turns eastward at Jacksonville, flowing to the Atlantic
Ocean. The perfect place for the avid fisherman.
Trans-Global Holdings, Inc. is developing an 800-unit Vacation Ownership Interest (VOI) Resort, otherwise known
as timeshare. Murphy Island will generate sales in excess of $500 Million within a phased program over the next
five years. Sales will commence in the fourth quarter of 1999. Murphy Island lies directly across the water from
the Sun Raye River Estates, which was also recently acquired by Trans-Global Holding, Inc.
According to the National Sporting Goods Association, fishermen outnumber golfers 2 to 1. Florida houses the highest
population of fishermen in the USA at 2.9 Million. California ranks second with 2.7 Million and Texas is a close
third at 2.6 Million. 108 Billion dollars is spent each year on the sport of fishing.
Trans-Global Holdings Inc. will construct an 800-unit vacation ownership interest (VOI) resort on Murphy Island.
It is expected that Murphy Island will generate in excess of 500 million dollars within a phased program over the
next five years. Sales will commence in the fourth quarter of 1999.
The next seven years will see Trans-Global Holdings Inc. obtain additional
properties and construct 3,800+ VOI units. Sales are expected to top two billion dollars. Announcements with respect
to these projects are forthcoming. Intentions are to be fully reporting within 90 days and be listed with Nasdaq
as soon as possible.
Trans-Global Holdings Inc. will soon be part of the E-Commerce travel industry. "According to a leading Internet
resource, online leisure travel bookings will increase rapidly over the next five years from an estimated $3 billion
in 1998 to $29 billion in 2003"(The Commercial Appeal 4/20/99). Trans-Global Holdings Inc. is presently developing
a state of the art, online travel portal giving you virtual access to many luxurious resorts.
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.