MIDLAND, Texas, June 21, 2007 (PRIME NEWSWIRE) -- Penge Corp. (OTCBB:PNGC) today announced an agreement with Cohen Independent Research Group to initiate research coverage of Penge Corp. Cohen is targeting issuance of its initial research report in July/August of 2007.
According to the Internet website of The Cohen Research Group:
"Our clients are public companies with outstanding business models that either have no Wall Street Research-Analyst Coverage, or whose coverage is minimal. We are also hired by institutions to do special research projects, valuations, fundamental, investigative and forensic accounting research. We are one of the first independent fundamental research firms, having started our business in 1997. Our research reports are also due diligence documents. They are used for investor interest, IR/PR, distribution, assist in financings, bank relationships, client acquisition, sales and marketing and other corporate purposes."
For more information about The Cohen Research Group, see its Internet website at: www.cohenresearch.com.
"We are confident that Cohen Group full research coverage will give both retail and institutional investors insight into the wholesale/retail nursery rollup market and the opportunity presented by our company," said KC Holmes, President of Penge Corp. www.pengecorp.com
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.