TGI Solar Receives $1 Million Credit Line
August 26 2009 - 1:59PM
Marketwired
TGI Solar Group (PINKSHEETS: TSPG), a provider of solar energy
products and solutions, announced today that it has received an
equity investment and a $1 million revolving line of credit from
VNG Invest Sprl, parent company of Prime Solar srl, its new
strategic partner, with offices in Brussels, Belgium. The funds
will be used for working capital and energy related projects.
"Since our market is forecast for tremendous growth, it is
critical that we have capital to keep pace," said Henry Val, TGI's
CEO. "We are confident that Prime Solar's understanding of the
alternative energy sector and VNG's wealth of resources will prove
beneficial for the long term."
Prime Solar srl (www.primesolar.com) is a licensed and insured
Italian Solar Energy Contractor and Solar General Building
Contractor, specializing in the creation and installation of
custom-designed residential and commercial solar electric power,
solar heating, and wind energy systems. Its turn-key approach
includes handling the job from solar system design through
installation and final inspection.
About TGI SOLAR POWER GROUP INC.
TGI Solar (TSPG) is provider of manufacturing equipment and
turnkey manufacturing solutions to the photovoltaic (PV) industry.
The Company's products and solutions are used for production of
solar grade polysilicon, manufacturing of multicrystalline silicon
wafers, production of solar cells and assembly of complete modules.
The firm provides facility and process design and integration
know-how with its equipment. The Company offers its products and
services to PV product manufacturers on a worldwide basis, and a
substantial percentage of its sales are to customers outside the
United States.
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Contact: TGI SOLAR POWER GROUP INC. Email Contact 1-888-766-6527
David Zazoff 212-505-5976
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