CARSON CITY, NV--(Marketwired - Mar 27, 2014) - Pan Global, Corp. (OTCQB: PGLO) (the "Company") today provides an update on its plans for entering the geothermal energy production industry in India.
On January 21, 2014, the Company announced it had commenced preliminary discussions with a key developer in India's geothermal industry about possibly forming a partnership concerning the Company's investment in a geothermal power plant in India. Today, the Company reports that that discussions have progressed positively and both parties expect further discussions to yield a framework for joining forces on a specific power plant project.
The Company's Management commented, "We have previously stated our plans to include geothermal energy as one of the Company's focus areas within the renewable energy sector. We are pleased to update our shareholders that our plans regarding geothermal are progressing."
The Company has not entered into any binding agreement at this point. The Company will continue to provide updates as it evaluates this opportunity, conducts customary due diligence and progress with negotiations.
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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