TAQ Transforma Acquisition Grp.

Transforma Acquisition Group Inc. (AMEX:TAQ) announced today, as required by American Stock Exchange rules, that the report of its independent registered public accountants accompanying its 2007 audited financial statements included an explanatory paragraph regarding the Company�s ability to continue as a going concern. Transforma is a publicly traded special purpose acquisition company (�SPAC�) formed to acquire a company in the technology, media or telecommunications industries. Transforma�s certificate of incorporation contains a provision, common to SPACs, requiring that it liquidate its assets if it fails to complete a business combination by June 26, 2008 (or December 26, 2008 if it enters into a letter of intent, agreement in principle, or definitive agreement to complete a business combination by June 26, 2008). Because of the potential for a mandatory liquidation pursuant to the certificate of incorporation, such disclosure was appropriate in the report accompanying our 2007 audited financial statements. About Transforma Formed in New York, Transforma is a publicly traded, special purpose acquisition company (�SPAC�) formed for the purpose of acquiring one or more assets or control of one or more operating businesses in the technology, media or telecommunications industries through a merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination. If Transforma enters into an agreement for an initial business combination, the transaction will be subject to stockholder approval, along with certain regulatory approvals including the filing of a proxy statement with the Securities and Exchange Commission. Safe Harbor Statement This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements that Transforma may acquire a company in the technology, media or telecommunications industries, involve risks and uncertainties that could cause actual results to differ materially from those statements. Factors that could cause results to differ include the ultimate outcome and timing of our initial business combination, and the fact that such an initial business combination may not occur before Transforma is obligated to liquidate based on its certificate of incorporation. Additional risks are described in Transforma's periodic reports filed with the Securities and Exchange Commission from time to time (including Transforma's Annual Report on Form 10-K). Investors should take such risks into account when making investment decisions. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Transforma undertakes no obligation to update publicly or revise any forward-looking statements.