PGI Energy

September 12, 2011 05:01 ET

PGI Energy Announces New Business Development in Its Subsidiary PGI Engineering & Manufacturing

HOUSTON, TX--(Marketwire - Sep 12, 2011) - PGI Energy, Inc. (PINKSHEETS: PGIE)

PGI Energy announces new business development in its subsidiary business PGI Engineering & Manufacturing, formerly known as Structural Dynamics Engineering. The company has developed a new website dedicated to marketing its drilling rigs manufacturing division. The company is currently negotiating a new commercial building facility lease in Houston, and equipment purchase for its machine shop. PGI Engineering & Manufacturing will fabricate mud pumps, rotary drives, top drives, automotive parts, and helicopter parts and many other machine products based upon its agreement with a major supplier who is behind schedule in manufacturing products at its local machine shop. PGI will begin fabricating products at its machine shop in October to take advantage of the new work load, which is projected to generate approx. $350,000-$500,000 a month in machinist labor alone. The machine shop will also generate profits from the manufacture and sale of other signature products designed by PGI Engineering & Manufacturing, Inc. PGI Transportation & Logistics will also see new business as a result of this division through providing logistics and transport services to clients who utilize the machine shop for fabrication of products. "We are excited the division is yielding tremendous opportunities, revenues and profitability," says 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