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.