SOURCE: TGI Solar Power Group Inc

TGI Solar Power Group Inc

October 26, 2009 10:13 ET

TGI Solar Turns Management of Its Solar Power Italy srl to Prime Solar srl

RED BANK, NJ--(Marketwire - October 26, 2009) - TGI Solar Power Group (PINKSHEETS: TSPG), provider of solar and other clean technology products and solutions, announced today that it has turned management of Solar Power Italy srl, Italian subsidiary of TGI, to its strategic partner Prime Solar srl of Italy. The decision was made to allow Prime Solar to handle affairs of Solar Power in Italy, whereas TGI shall manage and oversee Prime Solar's interests in the US.

"We believe that having a local management team to oversee our interests in Italy will bring more effective results," said John Litvinchuk, COO for TGI Solar. "And at the same time, we are looking forward to supporting Prime's existing projects in the US, as well as working to identify new global opportunities in sustainable energy. Green Energy is the future, with the rising cost of energy globally, and we are excited to jointly develop and commercialize promising renewable energy technologies around the world."

Prime Solar srl (www.primesolar.com) is a licensed and insured Italian Solar Energy Contractor and Solar General Building Contractor. We specialize in the creation and installation of custom-designed residential and commercial solar electric power, solar heating, and wind energy systems. By handling the job from the solar system design all the way through to the installation and final inspection of the system, we bring continuity through our turn-key approach.

About TGI SOLAR POWER GROUP INC.

TGI Solar (TSPG) is 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, currently maintains JVs in Hong Kong and 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.

Contact Information

  • Contact:
    TGI SOLAR POWER GROUP INC.
    Email Contact
    1-888-766-6527

    David Zazoff
    212-505-5976