Business
TGI Subsidiary to Acquire Miami- based Metaverse Developer XR-Labs
TGI Subsidiary to Acquire Miami- based Metaverse Developer XR-Labs.
About this update from Tgi Solar Power Group, Inc.
[{"type":"text","content":"MIAMI, FL / ACCESSWIRE / July 26, 2022 / TGI Solar Power Group, Inc., (OTCMarkets:TSPG) ("TGI"), is pleased to announce that Advent Galaxy Inc., a wholly owned subsidiary of TGI Solar Power Group Inc., has come to terms with XR-Labs to acquire the Miami-based LLC. The two companies will look to finalize the deal as soon as the requisite due diligence reviews have been completed by TGI management, accountants, and attorneys.After months of seeking out potential targets, TGI Chief Executive Officer Henry Val saw the passion and expertise in XR-Labs that the company was looking for in an acquisition candidate, in addition to the obvious operational and logistical benefits."XR-Labs was vetted very carefully and strategically chosen," Mr.Val noted. "It was ideal for TGI that their company is based in Miami and is currently a hub for extended reality (XR) and augmented reality (AR) developments. Add in that XR has an aggressive team made up of young, talented, and driven developers and this deal started to make sense very quickly."Paul Bronstein, managing partner of the acquiree, describes XR-Labs as a community of professionals who are building and connecting Global AR/VR/XR Networks and creating next XR product solutions. (www.xr-labs.io)."We are community for innovation, design and engineering creativity and XR-Labs utilizes the latest technologies and methodologies so that we may assist clients in every way possible," Bronstein said. "Our team specializes in preparing our clients and their brands to be able to catapult them into Web3.0 digital and the cognitive future."The two major projects currently being developed by XR-Labs are XR Miami EXPO and a movie-themed Galaxy that pays homage to one of the biggest movie hits of the 1980s."Our dream is to find and work with world class clients from around the world," Bronstein added. "Our goal is augmenting AR/XR/VR for your Company, your people, your avatars, your products and services through digital and cognitive transformation."Coined by the Washington Post, Forbes Magazine, and many other outlets as the next generation of the internet, the metaverse promises a whole new reality where users are not limited by the physical space in which humans exist."There is such tremendous synergy between our two companies,...