Business Services Industry
LeCar Transportation Company Cameroon Receives Golden Palm Award for Best Inter-Urban Transport Company of Central Africa
Business Wire, June 12, 2007
Inter-City Bus Division of Transnational Automotive Group (TAUG) - LeCar Transportation Company - Recognized by The African Group of Excellence for Positive Impact in the Sub-Sahara Region
LOS ANGELES -- Transnational Automotive Group, Inc. (TAUG) (OTCBB:TAMG), a global leader in transportation services and sustainable energy for the developing world, today announced that its inter-city bus division in Cameroon, LeCar Transportation Company, has been recognized by international NGO (Non-Governmental Organization) The African Group of Excellence with its Golden Palm Award as Best Interurban Transport Company of Central Africa. The recognition ceremony was conducted under the auspices of H.E. the Prime Minister and Head of Government of Cameroon, Inoni Ephraim.
Leaders of The African Group of Excellence emphasized that a key mission of their organization is to promote excellence in Africa. These leaders highlighted LeCar as a strong example of how a company, working in close concert with local government and business leaders, can provide greatly-needed products and services that are safe, affordable, and highly beneficial to the economies of growing African nations. Le Car services typify the type of excellence this award was meant to recognize, the leaders emphasized.
"We are very pleased that our hard work to provide a superior service in Cameroon has been recognized with this prestigious award," said Cyrille Tollo, general manager for LeCar Cameroon. "Response by our riders has been very positive since LeCar began service, and growing demand has encouraged us to move toward expanding our routes as quickly as possible. We are dedicated to providing the most comfortable, safe and efficient inter-city bus service in Cameroon, and eventually throughout the sub-Sahara region."
"LeCar is innovating the VIP Coach Service with reliable hourly departures, comfortable seats, safety seat belts, excellent hostess service and audio-visual entertainment," said Christian Penda Ekoka, a leading Cameroon and regional African business leader, and founder of Business Development Service. "From a comfort standpoint, there is very little difference with traveling in an airplane."
LeCar is a coach bus service providing rapid, comfortable transportation between major population centers. Initial services opened in Cameroon between the capital city of Yaounde and Douala, the country's key industrial and business center. Additional routes will be added between other major cities - both in Cameroon and regionally in large population centers of neighboring countries - as the company steadily expands service over the next 12-18 months.
About Transnational Automotive Group
Transnational Automotive Group, Inc. (TAUG), a Nevada corporation that trades under the symbol (OTCBB: TAMG), is a transportation and sustainable energy company headquartered in Los Angeles, CA, with operating entities in Cameroon and early-stage operations in Ethiopia, Nigeria and Mozambique. TAUG's vision is to become the leading transportation and sustainable energy company on the African continent, and to establish key infrastructure and workforce development that dramatically accelerates Africa's economy and quality of life. TAUG is currently establishing and operating mass transit systems in leading African commercial and population centers, and preparing for expansion into additional industries, including manufacturing and marketing sustainable bio-diesel fuels.
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Security Exchange Act of 1934. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents files from time to time with the Securities Exchange Commission.
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