MIDLAND, Texas, May 16, 2007 (PRIME NEWSWIRE) -- Penge Corp. (OTCBB:PNGC) today announced that is has received approval from the NASD to step up from the Pink Sheet quotation service onto the OTC Bulletin Board effective May 16, 2007.
Penge will trade under the symbol PNGC (OTCBB) as a fully reporting public company. Penge is filing quarterly reports on Form 10-QSB and annual reports on Form 10-KSB, containing financial reports and other important information, with the Securities and Exchange Commission, and expects to hold its annual shareholder meeting in July, 2007. Penge's fiscal year end is June 30.
"Being a public company and having just reduced our debt by $2.45 million should significantly increase our ability to now create much greater shareholder liquidity and value than ever before," said KC Holmes, President.
Additional company information and archived press releases are now available on the newly redesigned www.pengecorp.com corporate website.
About Penge Corp.
Penge Corp., a Delaware corporation, is a public holding company that is vertically integrating the retail and wholesale nursery businesses. Penge's current holdings include two Texas Landscape Center retail nurseries in Midland and Odessa, Texas, and three wholesale growing facilities in Tucson, Arizona, Houston, Texas and Midland, Texas. Penge Corp. maintains its principal offices in Midland, Texas.
The Penge Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3644
Forward-looking Statements. This Press Release does not constitute an offer of any securities for sale. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. While these statements are made to convey the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Actual company results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. A more extensive listing of risks and factors that may affect the business prospects of the company and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission.