TGI Signs Letter of Intent to Acquire Certain Assets of Eliho Energy Systems, Inc.
November 28 2011 - 2:17PM
Marketwired
TGI Solar Power Group, Inc. (PINKSHEETS: TSPG), a diversified
holding company, announced today that it has signed a letter of
intent to acquire certain assets of Eliho Energy Systems, Inc, a
renewable energy company
.
Edward Stanojev, president of Eliho, commented: "We are
delighted to be working together with TGI to move forward with our
current projects. We believe that our proposed energy projects and
services will be of great value to our future customers in
combination with TGI's Ekoplaz proprietary technology."
About Eliho: environmental solutions provider offering a
next-generation technology platform that transforms municipal,
industrial, forestry and agricultural waste into solid, liquid and
gas-based renewable energy components using a proprietary process
without negative effect to the environment. The process is a
decentralized renewable energy platform that converts waste into
gas, liquid and solid-based energy components using a two-stage,
moderate-temperature, slow-gasification process that meets all EPA,
European and California air quality standards.
About TGI (www.tgisolar.com) is a technology holding company.
TGI's strategy is to acquire new patented or proprietary
technologies, components, processes, designs and methods with
commercial value that will give market advantage and generate
shareholder value.
Ekoplaz has developed a Plasma technology based on
high-frequency disruption in an electromagnetic microwave field.
This technology offers significant advantages including: medical
waste treatment, pesticide use and domestic industrial waste
processing.
Safe Harbor Statements under the Private Securities Litigation
Reform Act of 1995: 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 risks and uncertainties 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.
Forward-looking statements may be identified by words such as
estimates, anticipates, projects, plans, expects, intends,
believes, should and similar expressions and by the context in
which they are used. Such statements are based upon current
expectations of the Company and speak only as of the date made.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Henry Val Email Contact
TGI Solar Power (PK) (USOTC:TSPG)
Historical Stock Chart
From Jun 2024 to Jul 2024
TGI Solar Power (PK) (USOTC:TSPG)
Historical Stock Chart
From Jul 2023 to Jul 2024