$100 million SPAC Transforma Acquisition Group Inc. (NYSE Alternext US: TAQ), that priced on December 19, 2006 and included John Sculley, the former chief executive officer of Apple Computer, Inc. and Pepsi-Cola Company, announced today that its board of directors has determined that the company will not consummate a business combination by its December 26, 2008 deadline under its charter to do so, and that it is advisable that the corporation be dissolved.

As a result, Transforma intends to convene a special meeting of its stockholders on December 22, 2008 to vote on a plan of liquidation and dissolution of the company.

The definitive proxy for the dissolution vote was filed December 12, 2008.

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