RED BANK, N.J., Aug. 4, 2011 /PRNewswire/ -- TGI Group (Pink
Sheets: TSPG) (www.tgisolar.com) is to sell several of its non
strategic assets. TGI Group expects the sale to bring cash for
TSPG, and the company will focus on its renewable energy business
niche.
TSPG management announced that the company will divest its
high-tech assets. The cause of this sale is the management's belief
that TSPG's interests extend too broadly. TSPG will undergo radical
transformation, divesting its Edgetech Systems, Manage Vision Inc.
and Worldlink Group Plc.
The company is currently launching negotiations with parties who
contemplate the purchase of some of these high-tech assets.
Following the sale of these assets, the company will focus
solely on the renewable energy sector. Company continues to pursue
interests in the Philippines, and
received query from South America,
to produce solar panels in the country with one of the largest
silicon production capabilities on the planet.
Company will advise the public on all developments regarding
this and other company news.
About TGI Solar
TGI SOLAR POWER GROUP INC. (www.tgisolar.com) is a diversified
holding company with focus on renewable energy sector. The Company
offers its products and services to clients worldwide 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.
Contact:
Henry Val
Info@tgisolar.com
SOURCE TGI Group