SOURCE: TGI Solar Power Group, Inc.

TGI Solar Power Group, Inc.

September 03, 2014 12:46 ET

TGI -- CitiScooter With Phone App

BROOKLYN, NY--(Marketwired - September 03, 2014) - TGI SOLAR POWER GROUP INC. (PINKSHEETS: TSPG) a diversified technology company, is pleased to announce that after long negotiations it has entered into an Agreement with CitiScooter. While transaction is subject to the satisfaction of customary closing conditions and Further due diligence with management, both parties are diligently proceeding with Proposed Project Plan.

After having detailed conversations with the management team on all of the main drivers behind the business, the management team will start building a detailed operating model for the business based on reasonable forecast assumptions. An operating model is a very detailed revenue and cost breakdown that is based on specific drivers and assumptions (e.g. price, volume, equipment costs, number of branches, number of customers, fixed vs. variable cost structure, etc.). All of these breakdowns combine into one model to describe the expected financial performance of the company in great detail.

CitiScooter is Motorbikes by the hour from your phone. Locate, rent, start and ride scooters without the hassle of owning! Gas and Insurance included. Smart Phone App gives you ability to get around the town, no sweat, traffic reports and much more.

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.

Contact Information