PGI Energy Letter to Shareholders

HOUSTON, Feb. 10, 2012 /PRNewswire/ -- PGI Energy, Inc. (Pink Sheets: PGIE)The executive team wanted to take this opportunity to address shareholders' concerns and to provide an update. The Company has been informed that DTC/CEDE Corp will not handle the preferred dividend distribution and has instructed brokerages to contact the company directly to receive the spin-off dividend for our shareholders. We are happy to announce this final resolution so our shareholders may begin to receive the dividend shares as promised. We have promulgated a form for brokerages to complete to request the dividend. Shareholders are urged to contact your brokerage firm to have them contact us at the investor relations extension to request the form. We are ready to issue the dividend immediately. Shareholders contacted our office regarding where we are in the process regarding the Berlin Exchange listing. The company has had an approved clearing settlement agent and clearing codes for the new listing for more than three months now so, that is not the delay in listing. We are still pending listing and hope to start trading this month. We believe investing money into solid acquisition targets with consistent cash flow is the key to our future success, and it all begins with the Berlin listing where we have access to a strong capital market. We have one of the best market makers in Germany as our listing partner. We have solid institutional investors on standby. We hope to release financial results ending the fourth quarter of 2011 by March 15th. Our business plan will be updated and released next week, since inordinate delays caused by the pending listing have affected our projections and plans. Our Chief Investment Officer has been aggressively vetting new potential acquisition targets and conducting due diligence on projects. We would like to announce an investor conference with our chief investment officer to further update shareholders is scheduled for February 17th, 2012. The call in number is (712) 432-0600 Access Code 186528. The company will further introduce its new investor relations hotline, which will provide periodic pre-recorded updates for shareholders. We have changed our phone lines to a new PBX system that allows better order flow contact with management and staff. We look to improve investor relations in the near future. We appreciate our shareholders' patience and hope to regain your confidence once we implement these measures.

We look forward to building a long relationship with our shareholders and adding real company value! Please note that while we seek to implement the above, rarely are plans consummated exactly as designed. There may be unexpected and unintentional diversions from the plans outlined above. In any event, we will continue to update our shareholders in order to maintain transparency and confidence. Again, we look forward to adding real company value in the near future.

About us

PGI Energy Holdings International, Inc. is an energy holding company, a Canadian company headquartered in Houston, Texas. The company's purpose is to acquire assets in the proven producing oil, gas assets, refinery, pipeline sectors of the energy industry and other synergistic assets.

PGI has formed several partnerships to grow its core business organically through strategic alliances diversifying its interest in green energy through biomass production, waste to energy, wood pellets production, syn gas, bio char production and plastics to synthetic crude. PGI has several core divisions which provide support to its operations and customers such as PGI Energy Transportation & Logistics, PGI Energy, Inc., PGI Green E & P and PGI Energy Trading.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends, "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions.  A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.

For more information visit: WWW.PGIEnergy.us or WWW.PGIEnergytransportation.com

Media/Investor Relations
Robert Gandy, Senior
(832) 436-1830 Ext. 103
Email: [email protected]

SOURCE PGI Energy Holdings International, Inc.