CARSON CITY, NV--(Marketwired - Mar 20, 2014) - Pan Global, Corp. (OTCQB: PGLO) (the "Company") today announces that it has recently received a report and development plan for its planned hydroponic greenhouse operation in Punjab, India. The plan was produced for the Company by Dr. Amanjit Singh Josan, an experienced agricultural consultant with over 20 years of experience in the field of Horticulture, Floriculture, Agriculture Extension and Greenhouse technology.
The Company believes that the plan provides it with a foundation and good road map to develop its demonstration hydroponic greenhouse, which the Company intends to use to refine and adapt growing techniques for certain vegetables to local conditions. The Company also believes the plan provides it with a cost-effective strategy for scaling up the greenhouse operation over the long term.
The Company plans to initially focus greenhouse operations on the production of a certain variety of peppers, seedless cucumbers, tomatoes and commercial flower crops.
The hydroponic greenhouse growing industry in India is at very young stage. At the present time, there are very few professional operators and many of these are focused on floriculture (i.e., flower farming). The Company is planning a hydroponic greenhouse growing operation focused on vegetable crops. Subject to availability of financing, the Company anticipates the design phase of the first facility will be completed by the end of the Company's fiscal year ending September 30, 2014. During the design and construction phase, the Company intends to establish relationships with various local chain food retails stores, high end hotels and other potential customers to directly market its production.
The Company's management commented, "We believe there is tremendous opportunity within India's large market for our planned greenhouse vegetable production. Our goals are to produce products of higher quality, available on a more consistent basis and with favorable environmental attributes, such as limited or no use of chemical fertilizer and up to 90% less use of water."
As reported by the Company on a Form 8-K filed with the SEC on October 17, 2013, the Company, through Pan Asia Infratech Corp., entered into a lease agreement on October 11, 2013 to lease a five-acre parcel of land located in Punjab, India for an initial term of ten years for the sole purpose of building and operating a greenhouse growing facility. The hyperlink to the Company's Form 8-K follows:
About Pan Global, Corp.
Pan Global, Corp., through its wholly-owned subsidiary, Pan Asia Infratech, Corp., is focused on environmentally sustainable energy, infrastructure and technologies. Our aim is to invest in green energy technology and infrastructure to build an inclusive green economy around the world.
For additional information, please visit the Company's website at www.panglobalcorp.com, the contents of which are not incorporated into this press release.
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