Pan Global, Corp. Comments on Industry Report That the Global Green Energy Market Is Expected to Reach USD $831.99 Billion in...
07 Mai 2014 - 1:00PM
Marketwired
Pan Global, Corp. Comments on Industry Report That the Global Green
Energy Market Is Expected to Reach USD $831.99 Billion in 2019
CARSON CITY, NV--(Marketwired - May 7, 2014) - Pan Global, Corp.
(OTCQB: PGLO) (the "Company") today discusses a recent research
report by ResearchMoz that says the global green energy market
(Solar PV, Wind energy, Hydroelectric power, Bio-fuels, Geothermal
energy) is expected to reach USD $831.99 Billion in 2019.
The report states, in summary, that this growth is estimated to
come at a CAGR (Compound Annual Growth Rate) of 8.3% from 2013 to
2019 and that factors driving the growth in demand for green energy
include renewable portfolio standards and regulations,
environmental concerns, rising energy demand, fuel
shortage/replacement, coal plant retirements and need for natural
gas hedge. Further, the report states that the rise in awareness
among the masses in general toward the benefits of green energy is
also aiding the growth of this market.
Read more:
http://www.digitaljournal.com/pr/1878141#ixzz30yWcrTEA
The Company's management commented, "The green energy movement
by government and private industry will be transformative for the
planet. We feel we are well positioned to take advantage of global
growth green energy. As previously reported by us, we are
implementing our business strategy through our staggered
acquisition of Project Badyar, a small-hydro power plant in
northern India. We have aspirations to grow our business
through the acquisition or development of other green energy
operations in India and elsewhere. We look forward to continuing
the pursuit of our mission and long term goal of building
shareholder value."
Photos of Project Badyar can be viewed at the following link:
http://www.slideshare.net/slideshow/embed_code/33051642
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, a private India
corporation commissioning Project Badyar ("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 Company currently
has a 9.4% equity stake in RYEL.
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
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
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