Pan Global, Corp. Signs Lease Agreement and Begins Development of a Hydroponic Greenhouse Operation
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CARSON CITY, NV -- (Marketwired) -- 10/18/13 -- Pan Global, Corp. (OTCQB: PGLO) (the "Company"), is pleased to announce that through its wholly owned subsidiary, Pan Asia Infratech, Corp., it has entered into a 10 year Lease Agreement ("Lease") for a 5 acre parcel of land in the State of Punjab, India. The site was specifically selected as a prime location for establishing the Company's inaugural hydroponic greenhouse growing operation.
The Company has contracted Dr. Amanjit Josan, a specialist in greenhouse growing who has experience operating greenhouse facilities in North America and deep ties to the academic and agricultural communities in Punjab, to develop and prepare a site-specific business plan for this hydroponic greenhouse operation.
Why Hydroponics in India
While India currently grows enough food to feed its population, food prices of many commodities have been increasing rapidly in recent years, food prices have been highly volatile, and many of India's prime food growing regions face significant water shortages.
Hydroponic systems can use as much as 90 percent less water than conventional methods, as noted in the June 2013 edition of Modern Farmer, while significantly increasing crop yields on a more regular production schedule.
Further details of the Lease are available in the Company's Form 8-K filed with the SEC.
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.
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. 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.
Contact: Investor Relations Phone: 877-999-7978 Email: Email Contact
Source: Pan Global, Corp.
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