TGI Solar Signs Strategic Alliance Agreement With GreenRG Management LLC

Wed Apr 21, 2010 1:25pm EDT

* Reuters is not responsible for the content in this press release.

  RED BANK, NJ, Apr 21 (MARKET WIRE) -- 
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.

    

Contact: 
TGI Solar Power Group Inc. 
Henry Val 
info@tgisolar.com 

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