|By Marketwired .||
|April 2, 2014 06:00 AM EDT|
CARSON CITY, NV -- (Marketwired) -- 04/02/14 -- Pan Global, Corp. (OTCQB: PGLO) (the "Company") today announces the 2nd of a five-part series of press releases intended to provide its current and prospective shareholders with the Company's analysis of its opportunity in India's green energy industry plus additional details about its small-hydro plant acquisitions.
Today's Part B - Analysis provides two items:
1. An animation produced for the Company showing the basics of "How Small-Hydro Works" http://youtu.be/7d3VJIXnaOc and;
2. The following articles and reports from various sources concerning small-hydro power's potential and which the Company believes validate its optimistic outlook of small-hydro power's use as a renewable energy, especially in India:
a. According to analyst firm, Global Data, the global small-hydro power market is expected to grow steadily with 200 GW installed capacity by 2020 and the value in 2015 is expected to be more than double of 2008 figures, reaching $38.5 billion (USD).
b. "Why Small Hydropower is Making a Big Splash"
c. "Small Hydropower, a promising technology for rural electrification"
d. "Small Hydro: Small Hydro is Getting BIG"
e. "Small hydro in India: Bringing power to all"
f. "Steady Growth in Small Hydro Power..." a report on Small Hydro Power in India by ICRA Limited, An Associate of Moody's Investors Service
As previously reported, the Company is in the process of acquiring 100% of a 5.7MW small-hydro project in northern India (the "Project") through its staggered acquisition of RYEL. The Company recently announced that it has closed on the third tranche of the acquisition and currently holds a 7.51% equity interest in RYEL.
Company management commented, "We look forward to continuing to provide our shareholders with additional information and insights into our vision and plans with this Analysis Series. We believe in the path we have chosen and are committed to our long term goal of building shareholder value. We intend to continue to increase our equity interest in RYEL under our acquisition agreement with RYEL."
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, an India corporation commissioning the Project ("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 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.
Embedded Video Available: http://www2.marketwire.com/mw/frame_mw?attachid=2557331
Pan Global, Corp.
Email: [email protected]
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