Trans Global to sell Kazore subsidiary to ALFE

Trans Global Group Inc (PINK:TGGI) said Wednesday it has signed a letter of intent on the sale of its 100%-owned software subsidiary Kazore Holdings Inc to American Life Holdings Company Inc (OTC:ALFE) in an all-stock deal.

The number of ALFE shares to be issued will be set upon completion of the audited financial statements of Kazore Holdings.

ALFE's newly-appointed director Randy Schneider is also president and director of Kazore Holdings.

The transaction, pending customary closing conditions, is seen wrapping up by 1 August.

Kazore Holdings' subsidiary Kazore LLC, which operates under the name of Full Spectrum Media, designs, develops and hosts marketing software technology.

Country: USA;

Sector: Computer Software

Target: Kazore Holdings Inc

Buyer: American Life Holdings Company Inc

Vendor: Trans Global Group Inc

Type: Corporate acquisition

Financing: All-stock

Status: Agreed

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