TGI & Worldlink Joint Venture
April 05 2011 - 2:33PM
Marketwired
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.
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Contact: Henry Val Email Contact Email Contact For further
information, please contact: David Oxnam Clear PR Tel +44 (0)20
7689 5155 Email Email Contact
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