Pan Global, Corp. Accepts Report and Development Plan for Planned Hydroponic Greenhouse in Northern India
20 Marzo 2014 - 1:30PM
Marketwired
Pan Global, Corp. Accepts Report and Development Plan for Planned
Hydroponic Greenhouse in Northern India
CARSON CITY, NV--(Marketwired - Mar 20, 2014) - Pan Global,
Corp. (OTCQB: PGLO) (the "Company") today announces that it has
recently received a report and development plan for its planned
hydroponic greenhouse operation in Punjab, India. The plan was
produced for the Company by Dr. Amanjit Singh Josan, an experienced
agricultural consultant with over 20 years of experience in the
field of Horticulture, Floriculture, Agriculture Extension and
Greenhouse technology.
The Company believes that the plan provides it with a foundation
and good road map to develop its demonstration hydroponic
greenhouse, which the Company intends to use to refine and adapt
growing techniques for certain vegetables to local conditions. The
Company also believes the plan provides it with a cost-effective
strategy for scaling up the greenhouse operation over the long
term.
The Company plans to initially focus greenhouse operations on
the production of a certain variety of peppers, seedless cucumbers,
tomatoes and commercial flower crops.
The hydroponic greenhouse growing industry in India is at very
young stage. At the present time, there are very few professional
operators and many of these are focused on floriculture (i.e.,
flower farming). The Company is planning a hydroponic greenhouse
growing operation focused on vegetable crops. Subject to
availability of financing, the Company anticipates the design phase
of the first facility will be completed by the end of the Company's
fiscal year ending September 30, 2014. During the design and
construction phase, the Company intends to establish relationships
with various local chain food retails stores, high end hotels and
other potential customers to directly market its production.
The Company's management commented, "We believe there is
tremendous opportunity within India's large market for our planned
greenhouse vegetable production. Our goals are to produce products
of higher quality, available on a more consistent basis and with
favorable environmental attributes, such as limited or no use of
chemical fertilizer and up to 90% less use of water."
As reported by the Company on a Form 8-K filed with the SEC on
October 17, 2013, the Company, through Pan Asia Infratech Corp.,
entered into a lease agreement on October 11, 2013 to lease a
five-acre parcel of land located in Punjab, India for an initial
term of ten years for the sole purpose of building and operating a
greenhouse growing facility. The hyperlink to the Company's Form
8-K follows:
http://www.sec.gov/Archives/edgar/data/1492617/000149315213002012/0001493152-13-002012-index.htm
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
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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
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from such forward-looking statements are discussed or included in
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or plan to update or revise forward-looking statements to reflect
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Disclaimer: This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, and shall not
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Contact Information Pan Global, Corp. Investor Relations Phone:
877-999-7978 Email: PGLO@panglobalcorp.com
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