TGI Signs Letter of Intent to Acquire Certain Assets of Eliho Energy Systems, Inc.
(firmenpresse) - RED BANK, NJ -- (Marketwire) -- 11/28/11 -- TGI Solar Power Group, Inc. (PINKSHEETS: TSPG), a diversified holding company, announced today that it has signed a letter of intent to acquire certain assets of Eliho Energy Systems, Inc, a renewable energy company
Edward Stanojev, president of Eliho, commented: "We are delighted to be working together with TGI to move forward with our current projects. We believe that our proposed energy projects and services will be of great value to our future customers in combination with TGI's Ekoplaz proprietary technology."
About Eliho: environmental solutions provider offering a next-generation technology platform that transforms municipal, industrial, forestry and agricultural waste into solid, liquid and gas-based renewable energy components using a proprietary process without negative effect to the environment. The process is a decentralized renewable energy platform that converts waste into gas, liquid and solid-based energy components using a two-stage, moderate-temperature, slow-gasification process that meets all EPA, European and California air quality standards
About TGI () is a technology holding company. TGI's strategy is to acquire new patented or proprietary technologies, components, processes, designs and methods with commercial value that will give market advantage and generate shareholder value.
Ekoplaz has developed a Plasma technology based on high-frequency disruption in an electromagnetic microwave field. This technology offers significant advantages including: medical waste treatment, pesticide use and domestic industrial waste processing.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: 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 risks and uncertainties 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. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
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Henry Val
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Datum: 28.11.2011 - 13:17 Uhr
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News-ID 1060826
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Alternative Energy
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