SOURCE: Sigma Global Corporation

March 04, 2008 10:30 ET

Sigma Global Corp. Acquires Additional Producing Lease

NEW YORK, NY--(Marketwire - March 4, 2008) - Sigma Global Corporation, (PINKSHEETS: SGGC), an emerging oil and gas company, is pleased to announce it has acquired an additional lease near its current property.

The terms of the lease included a small cash payment, repair of a current non-producing well and the installation of an additional well before June 30, 2008. The company made the cash payment and took the opportunity last week to complete the repairs to the existing well to bring it back into production. Well T1 will now be added to our growing list of producing wells. Well 2A is currently undergoing "swabbing" operations and is expected to be online later this week.

Brian Conrad, Sigma Global's CEO, stated, "We are happy we were able to acquire an additional lease near our property. The ability for us to acquire this lease so close to existing operations will save the company considerable capital."

The company would like to further announce it has completed the process of filing with the State to effect a name change to Pradera Energy Corp. The stamped filings have been received by the company and a new CUSIP number has been requested.

Brian Conrad, Sigma Global's CEO, further stated, "This is the first major step needed to complete our restructuring. We are looking forward to providing continued updates as we grow our portfolio of oil producing wells."

About Sigma Global Corp.

Sigma Global is an emerging oil and gas company whose core business is to evaluate profitable oil and gas lease options, build a solid foundation of assets through acquisition of land and leases, and explore and develop opportunities on these prolific properties.

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.