SOURCE: TGI Solar Power Group Inc.

TGI Solar Power Group Inc.

December 17, 2010 13:58 ET

Worldlink Data Inc, Subsidiary of TGI and Holder of License From Worldlink Group plc, Announces EUR 5m Funding Line Agreed

RED BANK, NJ--(Marketwire - December 17, 2010) - TGI Solar Power Group Inc. (PINKSHEETS: TSPG) subsidiary Worldlink Data Inc, the provider of real-time data products, today announces that Worldlink Group plc has agreed to a EUR 5m Special Private Placement Agreement (SPAA) with Cayman based Equity Partners Fund SPC. The transaction was introduced by Swiss based Bridge2Capital AG and arranged by Singapore based FMS Group (www.fmspte.com) led by hedge fund pioneer Alvin Donovan.

Henry Val, CEO, Worldlink Data Inc, commented: "We are delighted that our shareholder, Worldlink Group plc, has agreed to this funding line which validates the Group's business strategy and provides us with the investment capital we require to drive forward our business development and acquisition activity. We look forward to working with the FMS Group."

Alvin Donovan, Executive Director, The FMS Group, commented: "We are very pleased to be entering into a funding arrangement with Worldlink. We believe that the Company, through its unique patented technology, will generate substantial capital returns."

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 and 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. The technology allows access to the markets, share prices, and latest news, where and whenever it is needed. The patented process and method allows changing data to be sent efficiently across mobile telecommunications networks as only the changed data is transmitted. Initially developed to deliver financial information to a mobile device, the technique is applicable to any changing data such as travel or sports information. Worldlink's unique patented methodology applies to all mobile devices, all mobile operating systems and all mobile telecommunications networks. A key strength of the patent is that the commercial value increases as future technologies become available.

About FMS Group

FMS Group is an institutional investor and fund manager with offices throughout Asia and North America. Its main office is in Singapore.

The FMS Group personnel and alliance partners have developed an exemplary track record with total transactions completed in excess of US$4.5 billion from 2004 to 2009.

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 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

  • For further information, please contact:

    Henry Val
    CEO
    Worldlink Data Inc
    Tel: 001 848 480 6304

    David Oxnam
    Clear Group
    Tel: +44 (0)20 7 689 5155
    Email Contact

    Emanuel Suchefort
    Managing Director
    Connecting Markets GmbH
    Tel: +49 (0) 69 21 65 59 10
    Email Contact