SOURCE: TGI Solar Power Group Inc.

TGI Solar Power Group Inc.

March 23, 2011 10:00 ET

TGI Acquires Trading Platform Source Code for $1.5 Million

RED BANK, NJ--(Marketwire - March 23, 2011) - TGI Group (PINKSHEETS: TSPG), diversified holding company, announced today that it has acquired a trading platform source code from a California-based technology Company for $1.5 Million.

This purchase comes in light of recent developments, when TGI entered into an agreement with Worldlink Group plc, which has patent protected technology platform for the transfer of real time financial and other data to mobile devices.

The Purchased Assets shall include a non-exclusive copy of the trading platform source code. The source code being purchased includes a front end trading interface, a back office reporting and management system and gateways to liquidity providers. The source code currently supports foreign exchange and contracts for difference transactions. The source code has been successfully implemented in demo and live environments by several registered financial companies and is being used by their clients. TGI shall have the right to develop this source code into a multi-asset class trading platform or make any other modifications it desires to make. All modifications of the source code shall belong to TGI, and TGI shall retain all rights to these modifications.

TGI shall pay for the purchase with combination of its preferred and common stocks, which will have convertibility option into common, upon reaching certain criteria, and will give seller substantial equity position in TGI.

About TGI Solar

TGI SOLAR POWER GROUP INC. ( is a diversified holding company. The Company offers its products and services to clients on a worldwide basis 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.

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