PGI Energy Announces Major Gas Oil Sales Agreement

PGI Energy (Pink Sheets: PGIE) announces Russian Gas Oil contract to sell more than 6,000,000 metric tons of diesel fuel over the next 12 months. Arael Doolittle, the Company Chief Operating Officer, estimates earnings of $650mil. to be derived from the sale of the fuel through PGI Energy Trading, a division of PGI Energy, Inc. “We are excited to have secured a major contract with a Russian Refinery conduit which gives us the opportunity to develop global strategic relationships in the petrochemicals market in our efforts to build out our Energy Trading Division.” PGI Energy expands and opens new office at 2700 Post Oak Blvd., Houston, TX. PGI Energy hires staff of 25 employees with additional employees to start next month.

About PGI Energy Trading, Inc

PGI Energy Trading, Inc is a Texas based subsidiary of PGI Energy, Inc is responsible for trading petrochemicals and refined products internationally over traditional trading platforms and through negotiated sales to resellers.

About us

PGI Energy, Inc., is an energy holding company, headquartered in Houston, Texas. The company’s purpose is to acquire proven producing oil and gas assets, refinery and pipelines and other synergistic assets. The company is also engaged in green energy technologies to offer clean fuel solutions in partnership with clean energy manufacturers.

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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.

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.

PGI Energy (CE) (USOTC:PGIE)
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