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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TGI Solar Power Group Inc (PK) | USOTC:TSPG | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00015 | 7.50% | 0.00215 | 0.002 | 0.0023 | 0.0023 | 0.00212 | 0.0023 | 108,500 | 19:32:29 |
From Jul 2019 to Jul 2024
RED BANK, N.J., Aug. 26, 2011 /PRNewswire/ -- TGI Group's (PINK SHEETS: TSPG) (http://www.tgisolar.com) CEO Henry Val updated the public on the current developments as the company undergoes significant corporate changes.
TGI Solar is proceeding with asset sales and continues its mission to focus on its core business in alternative energy.
Regarding the sale of Edgetech, the process is well underway, and the management expects to announce the definitive agreement regarding this sale in short time. The delay regarding the sale provided extra benefits for TGI Solar which of the company was not aware during the initial due diligence of the sale.
Regarding other assets, the management seeks the best way of executing their divestiture, with the goal of not infringing on the company creditors and others alike, and deliver the greatest possible worth to the company.
Following the sale of these assets, the company will focus on the renewable energy sector, not limited to possible mergers, if suitable opportunity presents itself. Besides that, the company will be focusing on organic growth.
Besides the major corporate changes, TGI continues to pursue its International interests in the Philippines, and the opportunity in South America to produce solar panels (Updates on this deal will be made available once specific advances are made).
TGI Solar's priority lies in the improvement of TSPG's share price, addressing the current unfavorable share price, debt restructuring, paying down debt, asset sale of non-core assets, and company growth.
To dismiss all rumors, TGI management confirmed that there is no plan for any form of a stock split whatsoever.
More details on progress of all corporate and business matter to follow shortly.
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:
Henry Val
info@tgisolar.com
SOURCE TGI Solar Power Group Inc.
Copyright 2011 PR Newswire
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