PGI Energy, Inc. (PGIE)

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11. PGIE Letter to Shreholders (Energy & Environment Press Releases) HOUSTON (PRBuzz.com) August 27, 2012 -- (Pink Sheets: PGIE) PGIE Letter to Shareholders PGI Energy management team has announced the resignation of Roger Smith, Robert Gandy and Arael Doolittle from ... Created on 27 August 2012

PGIE Letter to Shreholders

HOUSTON (PRBuzz.com) August 27, 2012 -- (Pink Sheets: PGIE)

PGIE Letter to Shareholders

PGI Energy management team has announced the resignation of Roger Smith, Robert Gandy and Arael Doolittle from their respective executive positions and as directors. The decision was based upon the disappointing results of not being able to secure a market maker to quote the company stock, lack of a suitable merger candidate and failure to obtain listing on the German Exchange due to the pending inquiry. Market makers have been reluctant to commit to filing our Form 211 with FINRA. The continued efforts to secure funding for oil and gas acquisitions have been fruitless as also affected by the inquiry, thus we have been unable to remove the negative taint from public view. We regret that we could not achieve success with this enterprise and have reached out to others to see if they will take over the business and place an operating asset in place. The dividend shares are typically subject to SEC Rule 144 which governs tradability of restricted shares as free-trading. The rule as read, states a holding period of one year for resale of stocks designated as restricted for non-reporting companies. Shareholders should obtain a legal opinion from counsel before reselling the dividend shares. The company cannot provide legal advice and does not undertake to do so in this recital. This is official notice the company has no management team or operations. We regret this was the only conclusion we could reach regarding the future of this company.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
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, including those discussed under "Risk Factors" and "Our Business." 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.

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