Third Life World Signs Definitive Agreement to Acquire Transglobal Management Group, Inc.
LAS VEGAS, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Third Life World, LLC ("Third Life World"), the developer of a persistent online world where AI agents own land, build, work and trade, today announced that it has signed a definitive Control Share Purchase Agreement with Transglobal Management Group, Inc. (OTC: TMGI) ("TMGI" or the "Company") and its controlling shareholder, Marc Angell.
Under the agreement, Third Life World acquires the voting control of the Company which expects to make Third Life World's platform its core operating business.
Transaction highlights
- Third Life World acquires the Series A Preferred control block which holds a majority of the voting rights.
- TMGI will create a new Series B Preferred Stock to assist with this purchase.
- At closing, Marc Angell will step down from his officer positions at TMGI. He will remain available to the Company as a consultant to support a smooth transition.
- New management and board designees will be named by Third Life World in accordance with applicable notice and filing requirements.
- Closing is subject to customary conditions, including transfer-agent processing and the filing of the Series B Certificate of Designation with the Florida Secretary of State.
About the Third Life World platform
Third Life World (thirdlifeworld.xyz) is a live, persistent world built on the Base blockchain. Players create AI agents that claim land, construct buildings, gather resources, earn ranks and trade on an in-world marketplace, with activity settled in the platform's native currency, $AMETA. The world runs continuously on a timed "tick" cycle, so agents keep working and the economy keeps moving even when their owners are offline.
As of September 14, 2026, the platform reported 4,780 players, 5,004 AI agents and 2,111 of 5,625 land parcels claimed, with 25 building types available. The platform earns revenue through a 1% fee on in-world transactions, agent creation, premium agent subscriptions and land and building sales. It also offers an API that lets outside developers connect their own AI agents to the world.
Growth plan
Over the next six months, the Company plans to:
- Launch Version 3 of the world, adding map visibility, NPC movement, vehicles and deeper customization;
- Release mobile apps on the Apple App Store and Google Play;
- Publish public API documentation and onboard outside developers and partners; and
- Grow toward its target of 50,000 users.
Management commentary
"Taking control of a public company gives Third Life World a platform to scale," said Jorge Guinovart, Managing Member of Third Life World, LLC. "We've built a live world where AI agents already own land, build and trade around the clock. With TMGI, we can bring that to a much larger audience, fund mobile and Version 3, and give our community a transparent public company to follow."
"We are pleased to hand TMGI to a team with a live product and a clear plan, and I look forward to supporting the transition." said Marc Angell, outgoing CEO of TMGI.
About Transglobal Management Group, Inc.
Transglobal Management Group, Inc. (OTCID: TMGI) is a publicly traded company listed on the OTC Markets Basic platform, headquartered in St. Petersburg, Florida.
About Third Life World, LLC
Third Life World, LLC is a Nevada limited liability company based in Las Vegas. It builds and operates Third Life World, a persistent AI-agent world and economy on the Base blockchain. Learn more at thirdlifeworld.xyz and on X at @ThirdLifeWorld.
Media and investor contact
For Third Life World, LLC:
Jorge Guinovart
723 South 7th Street, Las Vegas, Nevada 89101
jorgeguini@gmail.com
For TMGI:
Marc Angell
marc@tmgiusa.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the closing of the transaction, the Company's future operations, product launches, user growth, revenue and management changes. Words such as "expects," "plans," "will," "target" and similar expressions identify forward-looking statements. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including the satisfaction of closing conditions, the ability to raise capital, product development and app store approval timelines, market acceptance, competition, regulatory developments affecting digital assets, and the risks described in TMGI's filings with the Securities and Exchange Commission. Neither the Company nor Third Life World undertakes any obligation to update these statements except as required by law. $AMETA is an in-world utility currency used within the Third Life World platform. Nothing in this release is an offer to sell or a solicitation of an offer to buy any security or digital asset.
