TMG Taylor & Martin Grp., Inc.Common Stock

TransMontaigne Inc. (NYSE:TMG) today announced the signing of separate purchase agreements by its wholly owned subsidiary, TransMontaigne Product Services Inc., with Rio Vista Energy Partners L.P. and Penn Octane Corporation, to acquire, for total consideration of $27,500,000, their combined LPG assets and refined products tankage, including their Brownsville LPG and refined products terminal facility and tank farm; owned pipelines located in the United States; LPG inventory; all of the outstanding stock of their respective Mexican subsidiaries and affiliates, which own and operate product pipelines and the Matamoros Terminal Facility; and the assignment of the Seadrift Pipeline lease, the P.M.I. Trading Limited sales agreement, and the ExxonMobil LPG supply contract. In connection with the transaction, TransMontaigne agreed to loan Rio Vista $1,300,000. The loan is to be secured by the tank farm and certain LPG storage tanks located at the Brownsville Terminal Facility and is subject to receipt of consent from RZB Finance LLC and the issuance of an estoppel letter from the Brownsville Navigation District. The transaction is anticipated to close on or before October 31, 2005, and is subject to further due diligence by TransMontaigne. The Company plans to provide additional information on its conference call, which has already been scheduled for September 12, 2005. "We are excited about the opportunity to expand our Brownsville facilities and our existing relationship with P.M.I.," said William S. Dickey, Executive Vice President/COO. To the extent that the acquired assets generate master limited partnership qualified income, TransMontaigne Partners L.P. (NYSE:TLP) has an existing right to acquire them from TransMontaigne Inc. over the next two years. TransMontaigne Inc. is a refined petroleum products marketing and distribution company based in Denver, Colorado with operations in the United States, primarily in the Gulf Coast, Midwest and East Coast regions. The Company's principal activities consist of (i) terminal, pipeline, and tug and barge operations, (ii) marketing and distribution, and (iii) supply chain management services. The Company's customers include refiners, wholesalers, distributors, marketers, and industrial and commercial end-users of refined petroleum products. Corporate news and additional information about TransMontaigne Inc. is available on the Company's web site: www.transmontaigne.com Forward-Looking Statements This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.