SOURCE: Pan Global, Corp.
CARSON CITY, NV--(Marketwired - Oct 18, 2013) - Pan Global, Corp. (OTCQB: PGLO) (the "Company"), is pleased to announce that through its wholly owned subsidiary, Pan Asia Infratech, Corp., it has entered into a 10 year Lease Agreement ("Lease") for a 5 acre parcel of land in the State of Punjab, India. The site was specifically selected as a prime location for establishing the Company's inaugural hydroponic greenhouse growing operation.
The Company has contracted Dr. Amanjit Josan, a specialist in greenhouse growing who has experience operating greenhouse facilities in North America and deep ties to the academic and agricultural communities in Punjab, to develop and prepare a site-specific business plan for this hydroponic greenhouse operation.
Why Hydroponics in India
While India currently grows enough food to feed its population, food prices of many commodities have been increasing rapidly in recent years, food prices have been highly volatile, and many of India's prime food growing regions face significant water shortages.
Hydroponic systems can use as much as 90 percent less water than conventional methods, as noted in the June 2013 edition of Modern Farmer, while significantly increasing crop yields on a more regular production schedule.
Further details of the Lease are available in the Company's Form 8-K filed with the SEC.
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.
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