PEI Worldwide Holdings Travels to North Carolina to Meet With Potential Joint Venture Partners

Jun 29, 2010, 07:30 ET from PEI Worldwide Holdings

PLANO, Texas,-June 29 /PRNewswire-FirstCall/ -- PEI Worldwide Holdings (Pink Sheets: PEIW) announced today that company management recently travelled to Durham, North Carolina to research potential partner companies to help bolster the PEI Worldwide Holdings suite of products.  These companies produce products like brick, and concrete products, the second company manufactures green construction products, solar, solar film, etc.

Gifford Lugwidsen, CEO of PEI Worldwide Holdings statutes, "During my travels last week to Raleigh Durham North Carolina, I met with two substantial prospective companies, both involved in the construction and building industry. Both meetings were attended by the companies Presidents. We are blessed to have a great representative for our products in North Carolina who feels either of these companies could possibly fund a plant and become a PEI Worldwide Holdings licensee. We have already had additional dialogue with both companies and look forward to a permanent relationship with either group."

About PEI Worldwide Holdings, Inc.

PEI Worldwide Holdings Inc., an innovative construction product development company, brings a proprietary, high profit margin, light weight, insulating building block technology to the only growing segment in the construction industry, the $36 billion "green" building marketplace. These extremely high R value insulating building products are so cost competitive that they will be one of the only LEED certified "green" products that can effectively compete with traditional building methods such as wood frame and concrete.

Forward-Looking Statements Disclosure

This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.

SOURCE PEI Worldwide Holdings