RED BANK, N.J., July 21, 2011 /PRNewswire/ -- TGI Group (Pink Sheets:TSPG.pk - News), www.tgisolargroup.com a diversified holding company, announced today that Edgetech Systems Inc., has added a user risk management tools to platform, which provides more research and analytics to trading platform EDGETECH Pro.
Edgetech continues development of the system into a multi-asset class trading platform and looking to add to it social environment for the traders to share information and ideas. The platform currently supports foreign exchange, precious metals and other contracts.
This purchase comes in light of recent developments, when TGI entered into an agreement with Worldlink Group plc (WLO1), which has patent protected technology platform for the transfer of real time financial and other data to mobile devices and also recently acquired trading platform and creation Edgetech Systems Inc.
In other company news and announcements, the company is currently entertaining an all cash purchase offer for the Edgetech assets, with future revenue sharing paid in equity. This offer comes to TSPG management in the 11th hour on the cusp of our pre launch. The management feels that this is a significant event which warrants a release as the potential profit for TSPG could be quite substantial in the several million dollar range. Moreover, the company share structure will be updated on OTC Markets shortly with the free trading shares and the float remaining undisturbed. The collateral provided by the company via restricted shares through a subsequent filing on OTC Markets will address the issuance of these restricted shares, and the company's buy back rights.
Details will follow shortly.
About Manage Vision Inc.
Manage Vision's software suite provides managers, senior management and stakeholders the information they need to monitor operations and project deliverables in a way that permits informed decisions that introduce corrective action early, when it is least costly to the enterprise. It enables management to better govern day-to-day operations as well as specific project management.
The company's software suite offers instant transparency and accountability; one central repository for all information, dynamic on-demand reports, real time access from anywhere and a flexible design with high security
About Edgetech Systems Inc.
Edgetech software includes a front end trading interface, a back office reporting and management system and gateways to liquidity providers, also currently supports foreign exchange and contracts for difference transactions, and has been successfully implemented in demo and live environments by several registered financial companies and is being used by their clients. TGI shall have the right to develop this source code into a multi-asset class trading platform or make any other modifications it desires to make. All modifications of the source code shall belong to TGI, and TGI shall retain all rights to these modifications.
About Worldlink Group Plc
Worldlink, one of the fastest growing providers of real-time data products and services to mobiles and desktops, founded by Neil Riches, owns a patent protected technology platform for the transfer of real time financial and other data to mobile devices. The patent is protected in both the UK and US, and is pending in Europe. The patented technology allows the development of mobile applications that provide data and information which can be delivered, displayed, and updated instantly. The technology allows access to the markets, share prices, and latest news, where and whenever it is needed. The patented process and method allows changing data to be sent efficiently across mobile telecommunications networks as only the changed data is transmitted. Initially developed to deliver financial information to a mobile device, the technique is applicable to any changing data such as travel or sports information. Worldlink's unique patented methodology applies to all mobile devices, all mobile operating systems and all mobile telecommunications networks. A key strength of the patent is that the commercial value increases as future technologies become available.
About TGI Solar
TGI SOLAR POWER GROUP INC. (www.tgisolar.com) 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.
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