|By Marketwired .||
|January 16, 2014 08:15 AM EST|
CARSON CITY, NV -- (Marketwired) -- 01/16/14 -- Pan Global, Corp. (OTCQB: PGLO) (the "Company") today announces the commencement of its due diligence investigation process for a second potential small-hydro plant acquisition in northern India. This small-hydro plant has a capacity of 9.5MW and is being reviewed for the Company by Tractebel Engineering Pvt. Ltd. (http://www.tractebel-engineering-gdfsuez.com/)
The Company expects Tractebel's engineering due diligence for this project to be completed during the next few weeks, which, if satisfactory, will be followed by legal and accounting due diligence performed by the same teams that undertook this work for the Company's currently underway staggered acquisition of a 5.7MW small-hydro project in northern India.
Management commented, "The Company remains committed to building a diverse portfolio of green energy projects. We continue to be confident about completing our first small-hydro plant acquisition and look forward to reviewing the due diligence reports and considering this second power plant as a potential acquisition."
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: www.panglobalcorp.com, the contents of which are not incorporated into this press release.
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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.
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Pan Global, Corp.
Email: [email protected]