SOURCE: TGI Solar

TGI Solar

April 21, 2010 13:25 ET

TGI Solar Signs Strategic Alliance Agreement With GreenRG Management LLC

RED BANK, NJ--(Marketwire - April 21, 2010) -  TGI Solar Power Group (PINKSHEETS: TSPG), provider of solar and other clean technology products and solutions, announced today that it signed a Strategic Alliance Agreement with GreenRG Management LLC.

The subject of this agreement will be as follows: TGI to receive exclusive sales and marketing rights, distribution and installation of GreenRG's patented LED and other energy saving products. TGI proposes to establish a network of integrators and installers via acquisitions, joint ventures or strategic alliances. The parties expect to finalize the terms of this agreement within 60 days, subject to customary due diligence and necessary approvals. 

"We look forward to working with TGI Solar and exploring tremendous business opportunities that both of us bring to the table," said Alfred Heyer, Managing Partner of GreenRG Management.

"We are very excited at the opportunity to partner with GreenRG Management," said Henry Val, CEO of TGI Solar.

About GREENRG MANAGEMENT LLC. GreenRG Management LLC is a New Jersey based company, specializing in dimmable LED lighting, solar installations, daylight harvesting and radiant barriers using window film insulation.

About TGI SOLAR POWER GROUP INC. TGI Solar (TSPG) (www.tgisolar.com) is a provider of solar and other alternative energy products and solutions. The firm provides facility and process design and integration know-how with its equipment. The Company offers its products and services to clients on a worldwide basis and currently maintains JVs in Hong Kong and a subsidiary in Italy with solar installation, integration and energy consulting firms.

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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