PGI Energy Receives $100 Million Reserve Equity Financing from AGS Capital Group
PGI Energy Receives Financing Facility from AGS Capital Group.
- (1888PressRelease) August 30, 2011 - HOUSTON, TX -- PGI ENERGY, INC. (PINKSHEETS: PGIE) announces reaffirmed Reserve Equity Financing agreement with AGS Capital Group in its efforts to move the company onto the Frankfurt Stock Exchange as a bid to prevent short selling of the company's stock, which is prohibited in European markets.
AGS is committed to funding PGI after it moves to the Frankfurt exchange which the company hopes to accomplish by end of September. The company believes its move will increase visibility, transparency, and result in higher share value. The company IR firm Brass Financial will continue the IR marketing, because they also serve Frankfurt-listed companies. "This equity commitment will allow the company to acquire acquisition targets in the oil and gas industry and meet working capital demands as needed," according to the company's investment banker Robert Gandy with Pythagoras Group, who arranged the financing.
About AGS Capital Group
AGS Capital Group provides innovative and flexible debt and equity financing solutions for growth-stage and mature public companies as well as private companies seeking to go public.
With offices in New York, Hong Kong and India, AGS Capital Group has facilitated the growth of companies within the U.S. and those domiciled in foreign markets around the globe.
AGS Capital Group invests in public companies listed on most exchanges. They perform fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation. The website for AGS is http://www.agscapitalgroup.com.
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.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends, "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
For more information visit: WWW.PGIEnergy.us : or Email: ir ( @ ) pgienergy dot us : mailto:ir ( @ ) pgienergy dot us
PGI Energy, Inc.
Jose I. Colon
Brass Financial LLC
14 Wall Street, 20th Floor
New York, NY 10005