TGI Acquires Worldlink's License for $10 Million
December 16 2010 - 3:41PM
Marketwired
TGI Solar (PINKSHEETS: TSPG), diversified holding company,
announced today that it has acquired a license and rights to offer
Worldlink's patent protected technology platform for the transfer
of real time financial and other data to mobile devices. TGI shall
offer these products and services through its wholly owned
subsidiary Worldlink Data Inc. (WLD). Neil A. Riches, Worldlink's
founder and Managing Director, will join TGI's Board of Directors
and assist with launching WLD in the US.
TGI shall pay for the purchase with its preferred stock, which
will have convertibility option into common, upon reaching certain
criteria, and will give Worldlink Group plc substantial equity
position in TGI. Working capital to launch WLD shall be provided
initially by Worldlink Group plc through arrangement with FMS
Group, in the amount of Euro 5MM.
About Worldlink Group Plc
Worldlink, one of the fastest growing providers of real-time
data products and services to mobiles and desktops, founded by Neil
Riches, owns a patent protected technology platform for the
transfer of real time financial and other data to mobile devices.
The patent is protected in both the UK, US and is pending in
Europe. The patented technology allows the development of mobile
applications that provide data and information which can be
delivered, displayed and updated instantly. The technology allows
access to the markets, share prices and latest news, where and
whenever it is needed. The patented process and method allows
changing data to be sent efficiently across mobile
telecommunications networks as only the changed data is
transmitted. Initially developed to deliver financial information
to a mobile device, the technique is applicable to any changing
data such as travel or sports information. Worldlink's unique
patented methodology applies to all mobile devices, all mobile
operating systems and all mobile telecommunications networks. A key
strength of the patent is that the commercial value increases as
future technologies become available.
About FMS Group
FMS Group is an institutional investor and fund manager with
offices throughout Asia and North America. Its main office is in
Singapore.
The FMS Group personnel and alliance partners have developed an
exemplary track record with total transactions completed in excess
of US$4.5 billion from 2004 to 2009.
About TGI Solar
TGI SOLAR POWER GROUP INC. (www.tgisolar.com) is a diversified
holding company. The Company offers its products and services to
clients on a worldwide basis and currently maintains JVs and
strategic alliances with installation, integration and energy
consulting firms. TGI's strategy is to acquire new patented
technologies, components, processes, designs and methods with
commercial value that will give market advantage and generate
shareholder value.
Safe Harbor Statements under the Private Securities Litigation
Reform Act of 1965: Those statements contained herein which are not
historical are forward-looking statements, and as such, are subject
to risks and uncertainties that could cause actual operating
results to materially differ from those contained in the
forward-looking statements. Such statements include, but are not
limited to, certain delays that are beyond the company's control,
with respect to market acceptance of new technologies, or product
delays in the testing and evaluation of products, and other risks,
as detailed in the company's periodic filings with the Securities
and Exchange Commission.
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