Pan Global, Corp. Commences Design Phase for Planned Hydroponic Greenhouse in Northern India
23 June 2014 - 9:00PM
Marketwired
Pan Global, Corp. Commences Design Phase for Planned Hydroponic
Greenhouse in Northern India
CARSON CITY, NV--(Marketwired - Jun 23, 2014) - Pan Global,
Corp. (OTCQB: PGLO) (the "Company") today announces it has
commenced the design phase of its development plan for its first
greenhouse facility in India.
As previously announced by the Company, in March 2014, the
Company received a report and development plan for its planned
hydroponic greenhouse operation in Punjab, India, intended to be
built for the sustainable production of vegetable crops, such as
certain varieties of peppers, seedless cucumbers, tomatoes and
commercial flower crops. The plan was produced for the Company
by Dr. Amanjit Singh Josan, an experienced agricultural consultant
with over 20 years of experience in the field of Horticulture,
Floriculture, Agriculture Extension and Greenhouse
technology. After subsequent discussions and collaboration by
the Company and Dr. Josan on the plan, the Company has commenced
allocating resources to the facility's design.
The Company's management commented, "The hydroponic greenhouse
growing industry in India is at very early stage. We believe there
is a unique opportunity within India's large market for our planned
greenhouse vegetable production. We aim to sell our products to
local chain food retails stores, high-end hotels and other
potential customers. Our objectives are to produce products of
higher quality, available on a more consistent production schedules
and with favorable environmental impact, such as limited or no use
of chemical fertilizer and up to 90% less use of water. Upon
completion of the design phase, and subject to availability of
financing, we intend to commence equipment procurement and the
construction phase of the development plan."
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
statements often contain words such as "will," "anticipate,"
"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
performance. Our actual business, financial condition or results of
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
disclosures will be deemed to modify or supersede such statements
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
Pan Global (PK) (USOTC:PGLO)
Historical Stock Chart
From Apr 2024 to May 2024
Pan Global (PK) (USOTC:PGLO)
Historical Stock Chart
From May 2023 to May 2024