PGI Energy and Esperotia Investments form Joint Venture to Develop EU Market

PGI ENERGY, INC (Pink Sheets:PGIE) has entered into an EU market development partnership with Esperotia Investments of Cyprus through its subsidiary PGI Green E&P Inc. According to Robert Gandy, CEO of PGI Green E&P Inc., "The EU market is very sophisticated in its requirements for green and renewable energy and overall energy independence. Together with Esperotia we expect to extend our reach for all PGI projects and platforms to drive growth and value for our investors.” Adds Agnieszka Krol, Managing Director of Esperotia, "We have seen tremendous growing demand for power production and distribution throughout the EU, and we are pleased to partner with PGI Energy to offer solutions to our customers.” The charter of the joint venture includes development of energy production, creation of an energy trading operation and acquisition of resources.

About Esperotia Investments Limited (EIL)

EIL operates investment funds and projects in multiple market spaces in the EU. EIL has expertise in primary, mezzanine and public financing markets, project development, and Mergers and Acquisitions. EIL personnel have proven track records in renewable energy development in both production and trading platforms. More information on EIL is available at www.esperotia.com.

About PGI Green E & P, Inc.

PGI GREEN E&P, INC is a green and renewable energy Exploration and Production company. PGI Green has relationships and expertise in converting various waste to oil, waste to electricity, production of biomass pellets, and gas to liquid technology. PGI Green also leverages the financial, logistics and trading divisions of PGI Energy to develop profitable projects.

About us

PGI Energy, Inc., is an energy holding company, headquartered in Houston, Texas. The company’s purpose is to acquire assets in the proven producing oil and gas assets, refinery and pipeline sectors of the energy industry and other synergistic assets. The company will only acquire proven producing, and income producing assets.

For more information visit: WWW.PGIEnergy.us or Email: ir@pgienergy.us