Monday, October 28, 2013

Pan Global Corp. (PGLO) Chairman Issues Letter to Shareholders

Pan Global Corp., a company focused on investing in green energy technology and energy globally, today announced the release of a letter to company shareholders, penned by Bharat Vasandani, chairman of the company’s board of directors. The letter entitled “Our Commitment to Make Life Green—Our Vision and Plans,” discusses the company’s intention to pursue life-enhancing green technologies and energy sources at an international level, and its plans to carry that vision out.

The letter notes that in line with PGLO’s mission to “make life green,” the company is currently focusing investing and consulting efforts in three areas: alternative energy, sustainable solutions and energy efficiency. In alternative energy, the company is investigating opportunities to develop electric power generation projects from renewable energy sources such as solar, mini-hydro, geothermal and wind. It is focusing on investment opportunities in this area in India, though not exclusively so.

For sustainable solutions, the company is looking at investing in non-energy infrastructure and technologies that offer environmentally sustainable solutions in place of conventional technologies. One concrete area in which PGLO is looking to bolster solutions in its focus is in the establishment of greenhouse facilities in India for the growing of certain crops. The company also sees potential in the Indian market for water purification and waste-water treatment. While it is focusing on investment opportunities in India, PGLO said it also believes there are existing technologies in the building sector that are widely used in Europe and North America which significantly improve resource efficiency and which can be adapted to the Indian market.

For the last area, energy efficiency, PGLO is providing consulting, project implementation, and project management solutions to Indian businesses and households. The company envisions more energy-efficient solutions in areas such as alternative energy technology implementation, building retrofits to reduce energy usage, installation of electrical control system technology and other similar items.

The letter notes that Indian market potentials for alternative energy, sustainable solutions, and energy efficiency are promising, as the Indian renewable energy market was worth $17 billion in 2011 and growing at 15% per year. The market for energy efficiency products is projected to grow to $27 billion by 2018, and the market for green buildings in India was $3 billion in 2011.

A PDF copy of the letter can be found at: http://media.marketwire.com/attachments/201310/198193_PGLOCHAIRMANLETTER10-28-13.pdf

For more information, visit: www.panglobalcorp.com

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