TGI Solar Signs Strategic Alliance Agreement With GreenRG Management LLC
April 21 2010 - 1:25PM
Marketwired
TGI Solar Power Group (PINKSHEETS: TSPG), provider of solar and
other clean technology products and solutions, announced today that
it signed a Strategic Alliance Agreement with GreenRG Management
LLC.
The subject of this agreement will be as follows: TGI to receive
exclusive sales and marketing rights, distribution and installation
of GreenRG's patented LED and other energy saving products. TGI
proposes to establish a network of integrators and installers via
acquisitions, joint ventures or strategic alliances. The parties
expect to finalize the terms of this agreement within 60 days,
subject to customary due diligence and necessary approvals.
"We look forward to working with TGI Solar and exploring
tremendous business opportunities that both of us bring to the
table," said Alfred Heyer, Managing Partner of GreenRG
Management.
"We are very excited at the opportunity to partner with GreenRG
Management," said Henry Val, CEO of TGI Solar.
About GREENRG MANAGEMENT LLC. GreenRG Management LLC is a New
Jersey based company, specializing in dimmable LED lighting, solar
installations, daylight harvesting and radiant barriers using
window film insulation.
About TGI SOLAR POWER GROUP INC. TGI Solar (TSPG)
(www.tgisolar.com) is a provider of solar and other alternative
energy products and solutions. The firm provides facility and
process design and integration know-how with its equipment. The
Company offers its products and services to clients on a worldwide
basis and currently maintains JVs in Hong Kong and a subsidiary in
Italy with solar installation, integration and energy consulting
firms.
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.
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Contact: TGI Solar Power Group Inc. Henry Val Email Contact
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