TSAS NEWS!!! Tensas, Inc. Announces New Business Plan and Management
Business Wire "Press Releases - English"
HOUSTON--(BUSINESS WIRE)--
On January 31, 2011, we entered into an Agreement and sold the Majority
Shares we held (the Share Purchase Agreement) to a buyers group and
re-named the Company PGI Energy, Inc., for the purpose of
establishing an energy holding company, headquartered in Houston, Texas.
The companys 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. We have hired McConnell & Jones
LLP as our auditor to disseminate financial information to our investors
about the company.
We, PGI Energy, Inc., formerly known as Tensas, Inc. (the
Company, we, us or our), are providing you with information
regarding action taken by stockholders holding more than a majority of
our voting power. In particular, such action taken authorized the
following:
1.
changing our name to PGI Energy, Inc.
2.
change from a development stage company to a operating oil and gas
company.
3.
affecting a three for one forward stock split of our outstanding
common stock by paying a dividend of two shares of common stock per
share of common stock outstanding.
What does the stock split mean to you as an existing stockholder? You
will receive an additional 2 shares for every 1 share you own on the
declared delivery date of February 20, 2011 at the last known
address recorded by our transfer agent.
The buyers group consisting of a majority shareholders proceeded to
elect the following directors and appointment of officers on February
02, 2011:
AI
