PGI Energy, Inc. (PGIE)

[Inwestor1]

$100 million!!!
Posted today as they prepare to move ahead!!!
Press Release Source: PGI Energy On Monday August 29, 2011, 5:00 am EDT

HOUSTON, TX--(Marketwire -08/29/11)- PGI ENERGY, INC. (Pinksheets: PGIE.PK - News) announces reaffirmed financing commitment agreement with AGS Capital Group in its efforts to move the company onto the Frankfurt Stock Exchange as a bid to prevent short selling of the company's stock, which is prohibited in European markets.

AGS is committed to funding PGI after it moves to the Frankfurt exchange which the company hopes to accomplish by end of September. The company believes its move will increase visibility, transparency, and result in higher share value. The company IR firm Brass Financial will continue the IR marketing, because they also serve Frankfurt-listed companies. "This equity commitment will allow the company to acquire acquisition targets in the oil and gas industry and meet working capital demands as needed," according to the company's investment banker Robert Gandy with Pythagoras Group, who arranged the financing.