Texas Gulf Energy, Incorporated to Expand Pipeline Fabrication Capacity
HOUSTON, June 20, 2012 /PRNewswire/ -- Texas Gulf Energy, Inc. (www.tgnrg.com) (OTCQB:TXGE) announced today that the Company is expanding its capacity to provide pipe and vessel fabrication services to its energy sector clients by forming Texas Gulf Fabricators, Inc. David Mathews, Texas Gulf Energy President and CEO, commented "the Gulf Coast has seen numerous recent multi-billion dollar announcements of refinery, pipeline and plant expansions which will require substantial fabrication expertise and services. We have received many current client inquiries requesting fabrication, and we believe it provides a substantial opportunity for expansion of our business. For example, in June, a current client and one of the largest mid-Western refiners, awarded Texas Gulf Energy a fabrication contract based on the quality of our other services being provided to them. We are currently planning our facilities expansion, and further information will be provided as soon as possible. We intend that Texas Gulf Fabricators will become a major resource for dependable, on time delivery of vessel and piping fabrication services as well as modular construction of skid mounted facilities to our Fortune 500 customer base."
About Texas Gulf Energy, Inc. (www.tgnrg.com)
Since our founding in 2003, Texas Gulf Energy, Inc.'s companies have deployed thousands of engineering, construction, technical, skilled crafts and project management personnel to major international energy companies, including Exxon Mobil, Conoco Phillips, Chevron, Valero, and others. We are particularly well known throughout the energy markets for our ability to provide construction services with professional, experienced, and well trained teams to maximize the ability of our customers to complete major projects safely, on time and on budget. Now entering our tenth year in business, we have vertically integrated our service offering into other energy market segments, including pipeline and vessel fabrication, wellhead services, oil and gas production, and professional consulting services both domestically and internationally to better serve the needs of our customers.
Precautionary and Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," 'expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified TXGE's disclosures or filings with the SEC. You are further cautioned that penny stocks, like TXGE, are inherently volatile and risky and that no investor should buy this stock unless they can afford the loss of their entire investment.
SOURCE Texas Gulf Energy, Inc.
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