SOURCE: TGI Solar Power Group Inc.

TGI Solar Power Group Inc.

April 05, 2011 14:34 ET

TGI & Worldlink Joint Venture

RED BANK, NJ--(Marketwire - April 5, 2011) - TGI Group (PINKSHEETS: TSPG), diversified holding company, announced today that it has finalized transaction for a license and rights to offer Worldlink's patent protected technology platform for the transfer of real time financial and other data to mobile devices. Final details of transaction call for TGI & Worldlink to become Joint Venture partners and to offer these products and services through Worldlink Data Inc. (WLD). Neil A. Riches, Worldlink's founder and Managing Director will become WLD's Chairman of the Board and assist with launching of WLD in US.

Worldlink will provide the joint venture with a non exclusive license to Worldlink's patented software. TGI will provide management, sales and marketing and $1mm in working capital for the launch of WDI in the US.

Neil Riches, Managing Director of Worldlink, says, 'I am delighted that Worldlink has concluded the creation of WDI. WDI gives us the opportunity to fully realize the benefits of our US patents. The US has embraced mobile applications to the same level as we have done in the UK, and the market is much larger. This creates huge opportunities for WDI.'

"We are very pleased to work with Worldlink," said Henry Val, CEO of TGI. "We are looking forward to launching WL's existing projects in the US and identifying new opportunities for mobile applications. MOBILE is not a trend, it's the future."

About Worldlink Group Plc

Worldlink, one of the fastest growing providers of real-time data products and services to mobiles and desktops, founded by Neil Riches, owns a patent protected technology platform for the transfer of real time financial and other data to mobile devices. The patent is protected in both the UK, US and is pending in Europe. The patented technology allows the development of mobile applications that provide data and information which can be delivered, displayed and updated instantly.

About TGI Solar

TGI SOLAR POWER GROUP INC. (www.tgisolar.com) 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 various 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

  • Contact:
    Henry Val
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    For further information, please contact:
    David Oxnam
    Clear PR
    Tel +44 (0)20 7689 5155
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