ROCHESTER, N.Y., May 10, 2006 (PRIMEZONE) -- TGC Ventures International (Pink Sheets:TGVI) is pleased to announce it has set forth a letter of intent (LOI) with Tagalder Environmental Bio-Tech Limited ("TGEB") regarding a joint venture agreement.
TGC Ventures International agrees to a 55% joint venture agreement with Tagalder subject to certain terms and conditions. Upon acceptance of this letter, the said percentage is slated to be completed in three transactions and will be announced when each stage is finalized.
About TGC Ventures International Inc.:
TGC Ventures International Inc. is a medically related holding company that is targeting the burgeoning multi-trillion dollar Health Care Services and Medical Devices and Supplies Industry. Value proposition resides in both its knowledge infrastructure and in the host of benefits associated with being a United States publicly listed corporation.
About Tagalder Environmental Bio-Tech:
Tagalder is an international company with investments and operations in North America, South America and Asia. Tagalder is constantly looking for joint venture opportunities in other regions. Tagalder technology is exploring many potential patented/proprietary technologies in China and North America. Many of these technologies are in the early stage of developments but have great market potential in the international market. Tagalder also work with many technology developers in North America or other countries to develop a China market for their products.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.