CARSON CITY, NV--(Marketwired - Nov 12, 2013) - Pan Global, Corp. (
The hydroponic greenhouse growing industry in India is very young. At the present time, there are very few professional operators and many of these are focused on floriculture (i.e., flower farming). The Company is planning a hydroponic greenhouse growing operation focused on vegetable crops. The Company retained Dr. Amanjit Josan this past July to prepare a preliminary design plan and market study for a one acre operation. We expect this design plan will be completed by the end of this quarter. At that point, the Company plans to begin working with a major North American greenhouse equipment supplier to prepare a detailed design plan. Subject to availability of funding, the Company anticipates the facility to be operational by the end of the Company's fiscal year ending September 30, 2014. During the design and construction phase, the Company intends to establish relationships with various local chain food retails stores, high end hotels and other potential customers to directly market its production.
The Company's Management commented, "Our preliminary research indicates there is a large market for our planned greenhouse vegetable production, where product is of higher quality, available on a more consistent schedule and has favorable environmental attributes such as limited or no use of chemical fertilizer and up to 90% less use of water."
As reported by the Company on a Form 8-K filed with the SEC on October 17, 2013, the Company, through Pan Asia Infratech Corp., entered into a lease agreement on October 11, 2013 to lease a five-acre parcel of land located in Punjab, India for an initial term of ten years for the sole purpose of building and operating a greenhouse growing facility. The hyperlink to the Company's Form 8-K follows:
About Pan Global, Corp.
Pan Global, Corp., through its wholly-owned subsidiary, Pan Asia Infratech, Corp., is focused on environmentally sustainable energy, infrastructure and technologies. Our aim is to invest in green energy technology and infrastructure to build an inclusive green economy around the world.
For additional information, please visit: www.panglobalcorp.com, the contents of which are not incorporated into this press release.
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Pan Global, Corp.