SOURCE: TGI Solar Power Group Inc.

TGI Solar Power Group Inc.

November 28, 2011 14:17 ET

TGI Signs Letter of Intent to Acquire Certain Assets of Eliho Energy Systems, Inc.

RED BANK, NJ--(Marketwire - Nov 28, 2011) - TGI Solar Power Group, Inc. (PINKSHEETS: TSPG), a diversified holding company, announced today that it has signed a letter of intent to acquire certain assets of Eliho Energy Systems, Inc, a renewable energy company.

Edward Stanojev, president of Eliho, commented: "We are delighted to be working together with TGI to move forward with our current projects. We believe that our proposed energy projects and services will be of great value to our future customers in combination with TGI's Ekoplaz proprietary technology."

About Eliho: environmental solutions provider offering a next-generation technology platform that transforms municipal, industrial, forestry and agricultural waste into solid, liquid and gas-based renewable energy components using a proprietary process without negative effect to the environment. The process is a decentralized renewable energy platform that converts waste into gas, liquid and solid-based energy components using a two-stage, moderate-temperature, slow-gasification process that meets all EPA, European and California air quality standards.

About TGI (www.tgisolar.com) is a technology holding company. TGI's strategy is to acquire new patented or proprietary technologies, components, processes, designs and methods with commercial value that will give market advantage and generate shareholder value.

Ekoplaz has developed a Plasma technology based on high-frequency disruption in an electromagnetic microwave field. This technology offers significant advantages including: medical waste treatment, pesticide use and domestic industrial waste processing.

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