TGI Group
PINK SHEETS : TSPG

September 07, 2011 13:00 ET

TGI Group (TSPG) Asset Sale: Edgetech Systems Inc.

RED BANK, NEW JERSEY--(Marketwire - Sept. 7, 2011) - TGI Group (PINK SHEETS:TSPG) (www.tgisolar.com) completes sale of Edgetech Systems Inc. as the company is looking forward to continue expanding in the renewable energy sector worldwide.

Henry Val, TSPG CEO stated, "We were able to divest Edgetech fairly fast due to the proximity of the party that had purchased Edgetech and its technology. We also continue to seek best way to divest our Manage Vision Inc. subsidiary and fully focus on renewable energy sector.

"Following this divestiture, we expect TSPG value to rise on the increasing market interest in the renewable technology. Many developing countries are looking to implement these technologies as addition to the traditional sources which are often out of their reach. TSPG was very successful reaching out to these spheres and we hope to turn negotiations into actions soon."

More details to follow.

About TGI Solar

TGI SOLAR POWER GROUP INC. (www.tgisolar.com) is a diversified holding company with focus on renewable energy sector. The Company offers its products and services to clients worldwide 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