NEW YORK - (05/11/10) – Ludlow Capital issues research opinion on TGI Solar Power Group (Pink sheets: TSPG), a provider of solar and other clean technology products and solutions, with a valuation price target of $0.10 to $0.15 per share.

TGI Solar Power Group (OTC:TSPG) Wall Street Newscast

INVESTMENT HIGHLIGHTS

* Management Experience – appointment of John Litvinchuk as COO, graduated of Yale University with a BA in Economics, and MBA in Finance from New York University.
* Waste Disposal Technology – MOU agreement with Ukraine based Ekoplaz, waste disposal and clean energy generation technology, exclusive rights to use for US, EU, and South America, files for International patents.
* Solar Power – partnership with Italian based Prime Solar SRL for formation and management of US division, two projects in Italy with estimated value of $6.3 million.
* Water Treatment – sales and marketing agreement with Organic Products Solution Inc., a provider of clean tech solutions for water treatment facilities.
* Strategic Alliances – agreement with GreenRG Management LLC, exclusive sales, marketing, and distribution rights for installation of patented LED and energy saving devices.
* Distribution Network – understanding with e2/Energy Solutions, LLC (e2), a Northeastern integrator in solar energy, and HVAC installations.
* Market Cap Valuation – current market cap valuation of around $2 million, with projected fair-market valuation of $20 to $30 million.

SUMMARY

Tom Bustamante, the Managing Partner of Ludlow Capital, Inc. commented, “Although a ‘speculative’ small-cap play, over the past several months the company has been putting together a management team with expertise in business and finance, and has moved to broaden their strategic alliances and partnerships within the clean technology sector. The Company has diversified their green tech products and services to cover such areas as solar, water treatment, commercial and industrial waste disposal, and clean energy generation. Putting these pieces together, we feel that the company has the potential to execute these projects into a company that should be marketed at a much higher market valuation”.

Industrial Waste Disposal

Ekoplaz Waste Disposal Technology: The Company recently signed a deal with Ekoplaz, a waste management company based in the Ukrainian, which has the technology to process pesticides utilization or domestic industrial waste in continuous operations. The system can be effective in the disposal of industrial waste materials such as plastics, tires, and other oil rich petroleum products. These units have a capacity of 20 metric tons daily, and could provide solutions for local municipalities looking to control waste land-fill utilization. Under the agreement, TSPG will have the exclusive right to use Ekoplaz technology in North America, South America, and European Union.

Storm Debris Removal

A plant can be implemented both in mobile and stationary formats, which can be beneficial for local debris recovery in hurricane and storm damage regions. Along with their mobility, these units also generate electricity, which could prove beneficial in disaster effected regions.

Clean Water Treatment

Organic Products Solution Venture: Along with debris damage, another factor in disaster recovery is the issue of clean water. Recently, the city of Nashville experienced their worst flooding in history, while Boston was without fresh water from a major water-main break. In Oct. 2009, the company announced today that it has signed a sales and marketing agreement with Organic Products Solution Inc., a provider of clean tech solutions for water treatment facilities. OPS products are based on an environmentally friendly formulation that uses a proprietary naturally derived ingredient to super-charge cleaning and remediation in both industrial cleaners and wastewater treatment products.

Solar Division

Prime Solar US Division: The Company has a partnership agreement with Italian based Prime Solar SRL, in which TGI Solar will be managing the US division for Prime Solar, and providing all of their products and solutions to the US market. Included in this agreement, both companies are working on 1.18 MW PV solar parks in Sicily, with a value of $6.3 Million. www.primesolar.com

Add in the agreement earlier this year with e2/Energy Solutions, LLC (e2), a regional Northeastern US integrator in commercial solar energy, lighting & HVAC installations, and you can see the company is beginning to put together the pieces for an integrated network of green energy solutions, and distribution.

The Company is currently traded on the Pink Sheet exchange, with around 180 million shares issued and outstanding. So, obviously this is a purely a 'speculative' green technology play. Based on recent developments the company could trade in the $0.10 to $0.15 range, or $18 to $27 million market-cap valuation, near-term.

Risks Involved

As with most equities, dilution of common shares could reduce the valuation of the company, and thus effect and valuation targets, and price performance. Other risks range from inability to obtain proper financing, decrease of technology, and under-performance of revenue expectations. The company is currently traded on the Pink Sheet exchange, and thus has limited public information available for review. Investors are highly encouraged to consult with financial advisors before making and all investment decisions.

About TGI Solar Power Group, Inc.

TGI Solar (TSPG) is provider of manufacturing equipment and turnkey manufacturing solutions to the photovoltaic (PV) industry. The Company's products and solutions are used for production of solar grade polysilicon, manufacturing of multicrystalline silicon wafers, production of solar cells and assembly of complete modules. The firm provides facility and process design and integration know-how with its equipment. The Company offers its products and services to PV product manufacturers on a worldwide basis and a substantial percentage of its sales are to customers outside the United States. www.tgisolargroup.com