Pan Global, Corp. Provides Part B of Analysis Series for
Shareholders -- Industry Reports Indicate Small-Hydro Has Big
Potential
Global Small-Hydro Market Value Expected to Reach $38.5 Billion
by 2015
CARSON CITY, NV--(Marketwired - Apr 2, 2014) - Pan Global, Corp.
(OTCQB: PGLO) (the "Company") today announces the 2nd of a
five-part series of press releases intended to provide its current
and prospective shareholders with the Company's analysis of its
opportunity in India's green energy industry plus additional
details about its small-hydro plant acquisitions.
Today's Part B -
Analysis provides two items:
1. An animation produced for the Company showing the basics of
"How Small-Hydro Works" http://youtu.be/7d3VJIXnaOc and;
2. The following articles and reports from various sources
concerning small-hydro power's potential and which the Company
believes validate its optimistic outlook of small-hydro power's use
as a renewable energy, especially in India:
a. According to analyst firm, Global Data, the global
small-hydro power market is expected to grow steadily with 200 GW
installed capacity by 2020 and the value in 2015 is expected to be
more than double of 2008 figures, reaching $38.5 billion
(USD).
http://www.ruralelec.org/fileadmin/DATA/Documents/Presentations/Hidroenergia_2012-ARE-240512.pdf
b. "Why Small Hydropower is Making a Big Splash"
http://www.thebioenergysite.com/articles/1266/why-small-hydropower-is-making-a-big-splash
c. "Small Hydropower, a promising technology for rural
electrification"
http://www.energias-renovables.com/articulo/small-hydropower-a-promising-technology-for-rural-20130514
d. "Small Hydro: Small Hydro is Getting BIG"
http://www.hydroworld.com/articles/hr/print/volume-30/issue-5/articles/small-hydro-small-hydro-is-getting-big.html
e. "Small hydro in India: Bringing power to all"
http://www.powerengineeringint.com/articles/print/volume-19/issue-4/power-report/small-hydro-in-india-bringing-power-to-all.html
f. "Steady Growth in Small Hydro Power..." a report on Small
Hydro Power in India by ICRA Limited, An Associate of Moody's
Investors Service
http://www.icra.in/Files/ticker/SHP%20note-.pdf
As previously reported, the Company is in the process of
acquiring 100% of a 5.7MW small-hydro project in northern India
(the "Project") through its staggered acquisition of RYEL. The
Company recently announced that it has closed on the third tranche
of the acquisition and currently holds a 7.51% equity interest in
RYEL.
Company management commented, "We look forward to continuing to
provide our shareholders with additional information and insights
into our vision and plans with this Analysis Series. We believe in
the path we have chosen and are committed to our long term goal of
building shareholder value. We intend to continue to increase
our equity interest in RYEL under our acquisition agreement with
RYEL."
As previously disclosed, on October 28, 2013, the Company,
through its wholly-owned subsidiary, Pan Asia Infratech Corp.,
entered into a Stock Purchase Agreement ("Acquisition Agreement")
with Regency Yamuna Energy Limited, an India corporation
commissioning the Project ("RYEL"), and the RYEL stockholders,
pursuant to which the Company has agreed acquire, on a staggered
basis, 100% of the outstanding shares and convertible debt (if not
previously converted) of RYEL. Further details of the Acquisition
Agreement are available in the Company's periodic and current
reports filed with the SEC and available on the SEC's website free
of charge at www.sec.gov.
The Acquisition Agreement contains pre-closing conditions,
customary representations and warranties, post-closing covenants
and mutual indemnification obligations for, among other things,
inaccuracy or breach of any representation or warranty and any
breach or non-fulfillment of any covenant.
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.
For additional information, please visit the Company's website
at www.panglobalcorp.com, the contents of which are not
incorporated into this press release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The foregoing contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend for these forward-looking statements to be covered
by the safe harbor provisions of the federal securities laws
relating to forward-looking statements. These forward-looking
statements include statements relating to, or representing
management's beliefs about, our future transactions, strategies,
operations, events and financial results. Such forward-looking
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"believe," "plan," "estimate," "expect," "intend," "is targeting,"
"may," "should" and other similar words or expressions.
Forward-looking statements are made based upon management's current
expectations and beliefs and are not guarantees of future
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operations may differ materially from those suggested by
forward-looking statements as a result of risks and uncertainties
which include, among others, those risks and uncertainties
described in any of our other filings with the SEC. Certain other
factors which may impact our business, financial condition or
results of operations or which may cause actual results to differ
from such forward-looking statements are discussed or included in
our periodic reports filed with the SEC and are available on our
website at www.panglobalcorp.com under "Investor Info". You are
urged to carefully consider all such factors. We do not undertake
or plan to update or revise forward-looking statements to reflect
actual results, changes in plans, assumptions, estimates or
projections, or other circumstances occurring after the date of
this news release, even if such results, changes or circumstances
make it clear that any forward-looking information will not be
realized. If we make any future public statements or disclosures
which modify or impact any of the forward-looking statements
contained in or accompanying this news release, such statements or
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in this news release.
Disclaimer: This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, and shall not
constitute an offer, solicitation or sale in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful.
Contact Information Pan Global, Corp. Investor Relations Phone:
877-999-7978 Email: PGLO@panglobalcorp.com
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