PGI Energy, Inc. (PGIE: OTC Link) | PGI ENERGY $68 MILLION CONTRACT

PGI ENERGY $68 MILLION CONTRACT

Aug 26, 2011

OTC Disclosure News Service

Houston, TX –

PGI ENERGY, INC.

 

(August 26, 2011)HOUSTONPGI Energy, Inc. (Pink Sheets: PGIE)

PGI ENERGY $68 MILLION SALES CONTRACT

 

PGI ENERGY, INC through its joint venture with Structural Dynamics Engineering now commonly known as PGI MANUFACTURING ENGINEERING receives commitment to purchase eight drilling rigs. PT Rebana Energi Corpindo of Malaysia agreed to buy four 1,000 HP drilling rigs and four 750 HP drilling rigs, which requires a 45% down payment. PGI Energy will receive 50% of the net profits derived from this sale.“We are currently negotiating a number of major drilling rig orders which will generate significant revenues for the company, thus increasing shareholder value.”

 

About us

PGI Energy, Inc. is an energy holding company, headquartered in Houston, Texas. The company’s purpose is to acquire assets in the proven producing oil, gas assets, refinery, pipeline sectors of the energy industry and other synergistic assets.

 

 PGI has formed several partnerships to grow its core business organically through strategic alliances diversifying its interest in green energy through biomass production, waste to energy, wood pellets production, syn gas, bio char production and plastics to synthetic crude. PGI has several core divisions which provide support to its operations and customers such as PGI Transportation Logistics, PGI Manufacturing Engineering, PGI Green E P and PGI Commodities Trading.

 

For more information visit: WWW.PGIEnergy.us or Email: ir@pgienergy.us

 

Contact

Media/PR

PGI Energy, Inc.

José I. Colón,

832-900-1400

 

IR Firm:

Brass Financial LLC
14 Wall Street, 20th Floor
New York, NY 10005
www.BrassFinancial.net

 

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/PGIE/news?id=34723

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