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TGI Solar Enters Into Strategic Alliance Agreement with GeoServices Bulgaria
RED BANK, NJ - 11/02/09 - TGI Solar Power Group (Pinksheets:TSPG - News), provider of solar and other clean technology products and solutions, announced today that it has entered into Strategic Alliance Agreement with GeoServices Limited of Bulgaria.
"We believe that GeoServices’ expertise in water purification and knowledge of the European markets will expand TGI’s services and global reach," said Henry Val, Chief Executive Officer of TGI Solar. "We are always looking for opportunities within sustainable energy, water purification and waste management industries worldwide.” GeoServices LTD, owner of widely known Bulgarian portal - www.voda.bg (www.water.bg), is a Bulgarian company specializing in water purification, decontamination, and various other “green” initiatives. According to Dmitriy Azarov, CEO of GeoServices LTD, “we are happy to partner with TGI. GeoServices has formed an in-house team of experienced professionals, assisted by a broad network of respected experts, representing various areas of business and scientific knowledge. To provide our partners with outstanding service and most current information, GeoServices also maintains a close collaboration with a number of leading Bulgarian research institutes and commercial enterprises. GeoServices is committed to helping international companies identify valuable investment opportunities in the Balkans by providing them with the best information, analysis, and advice on the latest development and trends in the business and culture of this region.” About TGI SOLAR POWER GROUP INC. TGI Solar (TSPG) 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 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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