Transnational Automotive Group Selected as Finalist for the U.S. State Department Award for Corporate Excellence

September 04, 2007 11:40 AM Eastern Daylight Time

Transnational Automotive Group Selected as Finalist for the U.S. State Department Award for Corporate Excellence

Recognition by the U.S. Department of State for Exemplary Practices and Commitment in African Projects

LOS ANGELES--(BUSINESS WIRE)--Transnational Automotive Group, Inc. (TAUG) (OTCBB:TAMG), a leader in transportation services and sustainable energy for the developing world, today announced the company has been notified by the U.S. Department of State that it has been selected as a Finalist for the coveted Award for Corporate Excellence (ACE), in recognition of its “outstanding contributions” to the country of Cameroon through its LeBus and LeCar programs and operations.

In a press conference at the State Department, Reuben Jeffery, Under Secretary for Economics, Energy and Agricultural Affairs, announced that nine finalists have been selected from a record number of candidate companies nominated by U.S. Ambassadors from around the world.

Transnational Automotive Group is one of only two small-medium-sized enterprises (SMEs) selected, along with multinational enterprises including GE, GM, Microsoft, Citicorp, Merck and Coca-Cola. Under Secretary Jeffery stated that selections were based on companies that have demonstrated “furtherance of best practices and contributions in promoting good will internationally. We salute these contributions… Your work draws attention to the best qualities that the United States embodies overseas – compassion, innovation, leadership and commitment to working with others to build a better and more hopeful future.” Jeffery underlined the State Department’s commitment to work with such U.S. businesses.

The Under Secretary cited President Bush’s recent comments: “The United States has a longstanding commitment to open economies that empower individuals, generate economic opportunity and prosperity for all and provide the foundations for a free society,” and added that “the ACE finalists embody this spirit and we salute them for their outstanding contributions.”

The Award for Corporate Excellence was established by the State Department in 1999 “to recognize the important role U.S. businesses play abroad as good corporate citizens. The Award sends a signal of the Department’s commitment to further exemplary practices worldwide and highlights our increasing role in business-related issues.”

“TAUG is honored to be included in this select company of U.S. business entities engaged in special projects designed to advance substantial economic and social development in host countries and their peoples -- in our case, Cameroon and sub-Saharan Africa,” said Dr. Ralph J. Thomson, TAUG’s Chairman and CEO. “Our corporate efforts have met with initial success in the arena of much-needed bus transportation, basic and alternative-energy activities and related job creation. We are heartened by this recognition, and express appreciation for the systematic support of the State Department.”

“TAUG is also pleased by its partnership with the Government of Cameroon and key public and private entities within Cameroon,” added Seid Sadat, CFO of TAUG. “We are currently engaged in significant expansion of our initial enterprise activities which will be aided and validated by this award.”

Winners of the ACE Award will be announced and presented by Secretary of State Condoleeza Rice at ceremonies in Washington, D.C. on November 8, 2007.

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 business development efforts in other Sub-Saharan African nations. 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 exploring the establishment of mass transit systems in leading African commercial and population centers, and preparing for expansion into additional industries, including manufacturing and marketing of 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.