TGI Group (TSPG) Considers Corporate Asset Sale
August 03 2011 - 11:23AM
Marketwired
TGI Group (PINK SHEETS: TSPG) www.tgisolar.com management announces
that the company will sell several of its non strategic assets. TGI
expects that the sale will generate cash for TSPG and help the
company to focus on its core business in renewable energy which
currently receives many enquiries in the US and globally.
Due to the current large market interest in renewable
technologies, the company announces that the management takes
radical steps to follow these trends and will focus exclusively on
the development of its renewable technologies business.
Henry Val, TSPG CEO stated, "We know that there is a great
potential in high tech sector and Edgetech Systems, Manage Vision
Inc. and Worldlink Group Plc. have a great future. However, these
high-tech assets cause TSPG's interests to spread too broadly,
whereas TGI wants to maintain its focus. This is why we are
undergoing this radical transformation. To protect our interests,
we are divesting our technology group with reasonable profit. This
will also allow us to focus solely on the renewable energy sector,
which is our core business interest.
"Regarding the renewable energy, while we continue pursue our
interests in Philippines, we want to share that we received
enquiries from certain large South American country for
cooperation. If we reach an agreement, we are looking at producing
solar panels in the country with one of the largest silicon
production capabilities on the planet.
"We will update our followers on all developments regarding this
and other opportunities in the renewable energy sector."
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.
Contacts: TGI Solar Power Group Inc. Henry Val
Info@tgisolar.com
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