PGI Energy

August 31, 2011 10:08 ET

PGI Energy Announces New EU Division

HOUSTON, TX--(Marketwire - Aug 31, 2011) - PGI ENERGY, INC. (PINKSHEETS: PGIE) has established a new Europe division PGI Energy Trading, LTD registered in London and Wales to trade petroleum products throughout the UK. PGI is currently negotiating with major petroleum suppliers in the UK to facilitate sale of products on both spot and contract basis with deep discounts to market pricing as a wholesaler/reseller on behalf of major buyers. There is a global demand for fuel Diesel, Jet Fuel, and NGL. PGI is looking to supply the growing demand and earn hefty profits for its shareholders.

PGI is in the development and planning stage for building a unique electronic trading platform for physical commodities worldwide. PGI is considering a technology developer in India. The plan is to facilitate buyers' and sellers' negotiation and settlement of physical commodities trading through a secure streamlined reliable platform rather than the antiquated human network trading currently utilized to close most trades.

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 Manufacturing & Engineering, PGI Green E & P and PGI Commodities Trading.


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

    IR Firm:
    Brass Financial LLC
    14 Wall Street, 20
    New York, NY 10005