TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who started this subject	7/8/2003 11:12:11 AM
From: Rctrader2	Read Replies (1) of 150070

IBZT short shake-ALSO TTGG Great NEWS cancels 80% of O/S... By: dufour 08 Jul 2003, 10:19 AM EDT Msg. 260093 of 260139 Jump to msg. # in TTGG on the great news....cancellation of 80% of its O/S shares T & G2 Confirms Cancellation of 100 Million Shares Reducing Total Outstanding by More Than 80% Tuesday , July 08, 2003 10:04 ET BERNARDSVILLE, NEW JERSEY, Jul 8, 2003 (CCNMatthews via COMTEX) -- T & G2 (OTCBB Symbol: TTGG) announced today that the Company has retired approximately 100 million shares of Its Class A Common Shares representing more than 80% of TTGG's issued and outstanding shares. Also, TTGG moves corporate office to a more spacious and functional office in Bernardsville, NJ due to the recent expansion of sales and rapid growth that TTGG has experienced and expects to continue to experience going forward. The first block of approximately 67 million shares were returned back to the transfer agent and destroyed on May 29, 2003. The second block of approximately 33 million shares were returned out of attorney escrow and delivered back to the transfer agent and destroyed on July 7, 2003. This now translates to an immediate enhancement of value for TTGG's current shareholders. The Company had issued the shares over the past 9 months in 2 separate issuances as part of proposed financings. TTGG management felt it was not in the best interests of the Company and its shareholders to proceed with the financings for various reasons. More importantly, the Company has been able to secure new financing under favorable terms that management feels is appropriate for the company - including a 5.5% interest rate and a 5-year term for repayment. "We have installed approximately 50 gaming units in the Northwest region of the United States with approximately 25 more to be installed very shortly." stated T & G2's CEO, James M. Farinella. He went on to further say "We now have the company on track for continued growth and expansion in both of our wholly-owned subsidiaries" The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by T & G2 (TTGG) may differ materially from these statement due to a number of factors. TTGG assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions. CONTACT:T & G2 Stephen Taylor Investor Relations (973) 351-3868 or 1-866-409-8342 Website: www.ttgg.net

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