PGI Energy

September 09, 2011 06:00 ET

PGI Energy Announces New $15 Mil. Annual Revenue Producing Acquisition Plan

HOUSTON, TX--(Marketwire - Sep 9, 2011) - PGI Energy, Inc. (PINKSHEETS: PGIE)

PGI Energy announces it has entered into a letter of intent to acquire an electrical services company that serves the energy industry. The acquisition target has annual revenues of approx. $15 Million with significant growth opportunities. PGI plans to complete this acquisition within 30 days with institutional investor funding terms currently being negotiated. PGI will grow this division organically through servicing syn gas units, and wood pellets units under its renewable energy division PGI Green E & P. PGI will retain key management personnel and master electricians. The asset purchase will include a vast amount of equipment and fleet of utility work trucks. "We are excited to have negotiated such a favorable transaction for our shareholders to add value and increase profit margins," said Robert Gandy, Chief Investment Officer/Investment Banker.

About us

PGI Energy, Inc. is an energy holding company, headquartered in Houston, Texas. The company's purpose is to acquire assets in the proven producing oil, gas assets, refinery, pipeline sectors of the energy industry and other synergistic assets.

PGI has formed several partnerships to grow its core business organically through strategic alliances diversifying its interest in green energy through biomass production, waste to energy, wood pellets production, syn gas, bio char production and plastics to synthetic crude. PGI has several core divisions which provide support to its operations and customers such as PGI Transportation & Logistics, PGI Engineering & Manufacturing, PGI Green E & P, PGI Commodities Trading, and PGI Energy Trading, LTD.


This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends, "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.

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    PGI Energy, Inc.
    Jose I. Colon