|By Marketwired .||
|March 27, 2014 10:32 AM EDT||
CARSON CITY, NV -- (Marketwired) -- 03/27/14 -- Pan Global, Corp. (OTCQB: PGLO) (the "Company") today provides an update on its plans for entering the geothermal energy production industry in India.
On January 21, 2014, the Company announced it had commenced preliminary discussions with a key developer in India's geothermal industry about possibly forming a partnership concerning the Company's investment in a geothermal power plant in India. Today, the Company reports that that discussions have progressed positively and both parties expect further discussions to yield a framework for joining forces on a specific power plant project.
The Company's Management commented, "We have previously stated our plans to include geothermal energy as one of the Company's focus areas within the renewable energy sector. We are pleased to update our shareholders that our plans regarding geothermal are progressing."
The Company has not entered into any binding agreement at this point. The Company will continue to provide updates as it evaluates this opportunity, conducts customary due diligence and progress with negotiations.
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.
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Pan Global, Corp.
Email: [email protected]