MIDLAND, Texas, July 31, 2007 (PRIME NEWSWIRE) -- Penge Corp. (OTCBB:PNGC) today announced that Cohen Independent Research Group has released its initial coverage report covering Penge Corp. (OTCBB:PNGC).
The report is 152 pages long and includes an overview of the nursery industry, financial projection models, and a detailed analysis of the Penge Corp. business model with historical summaries. The report was prepared by Cohen Research and the opinions and projections set forth in the report are the opinions and projections of Cohen Research, not Penge Corp. Penge Corp. neither controls the content of nor adopts the report.
The report was released in time for the company presentation to the FSX broker/dealer conference in Washington D.C. on Saturday the 29th of July.
The report is available on the Cohen Research website at www.cohenresearch.com.
"The report was well received by the broker/dealer community at the FSX conference and should give us additional options as we continue working to complete our refinance and expansion fundraising," 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 two wholesale growing facilities in Tucson, Arizona, and Houston, 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.