TGI Solar Power Group Inc (TSPG)

[$treet Trader]

TGI – CitiScooter Strategic transaction.
Feb 19, 2015

OTC Disclosure & News Service

Brooklyn, NY -

Brooklyn, NY, February 19, 2015 -- TGI SOLAR POWER GROUP INC. a diversified technology company, announces that after further due diligence by the Company and its management decided not to proceed with CitiScooter LLC transaction. Further due diligence made it obvious that parties could not reach agreement on valuation of Citi Scooters, nor amicable solution on strategy. While concept is still liked by the management of TGI, amicable solution was not reached at this time.

TGI management is still working on some energy products and will provide additional information shortly on further developments.

About TGI Solar

TGI SOLAR POWER GROUP INC. 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

[e-mail]



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