TGI Group (TSPG) Asset Sale: Edgetech Systems Inc.
September 07 2011 - 1:00PM
Marketwired
TGI Group (PINK SHEETS: TSPG) (www.tgisolar.com) completes sale of
Edgetech Systems Inc. as the company is looking forward to continue
expanding in the renewable energy sector worldwide.
Henry Val, TSPG CEO stated, "We were able to divest Edgetech
fairly fast due to the proximity of the party that had purchased
Edgetech and its technology. We also continue to seek best way to
divest our Manage Vision Inc. subsidiary and fully focus on
renewable energy sector.
"Following this divestiture, we expect TSPG value to rise on the
increasing market interest in the renewable technology. Many
developing countries are looking to implement these technologies as
addition to the traditional sources which are often out of their
reach. TSPG was very successful reaching out to these spheres and
we hope to turn negotiations into actions soon."
More details to follow.
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: Henry Val Info@tgisolar.com www.tgisolar.com
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