ProGreen Properties, Inc. Changes Its Name to ProGreen US, Inc.
July 21 2016 - 02:38PM
InvestorsHub NewsWire
SOURCE: ProGreen Properties, Inc.
BLOOMFIELD, MI--(NewMediaWire - Jul 21, 2016) - ProGreen
Properties, Inc., (OTC
PINK: PGEI), www.ProGreenUS.com, is announcing to
change its name to ProGreen US, Inc. (PGUS), as of tomorrow, July
22, 2016. The ticker symbol will change to PGUS, also effective
also as of tomorrow.
"We are changing our name to better reflect the expansion of the
company's business activities going forward, investment in
agriculture land in Baja California, further planning for
residential and commercial real estate developments in the area,
with integration of advanced solar technology. Our newly formed
subsidiary, ProCon Baja JV, based in Ensenada, Mexico, is expected
to contribute importantly to the future growth of the company",
says Jan Telander, CEO.
About ProGreen US, Inc.
ProGreen US, Inc. (PGUS) (OTC PINK:
PGUS) based in Bloomfield, Michigan, is engaged in the business
of acquiring, refurbishing and upgrading residential real estate
into modern affordable homes, to be sold with Land Contracts to
buyers still unable to obtain conventional credit. The company has
also recently entered into property investments in Baja California,
Mexico and will be intensifying this activity, with the aim of
creating a sustainable income stream for many years to come.
This press release might contain information, which may
constitute 'forward-looking statements' within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
'Forward-looking statements' are based upon expectations, estimates
and projections at the time the statements are made that involve a
number of risks, uncertainties and other factors that could cause
actual results or events to differ materially from those
anticipated.