PGI Energy Through Its Joint Venture Partner SETX Instrumentation & Electrical, Inc. Signs Contract as Subcontractor to Bechtel-Jacobs/Motiva in the Construction of the United States' Largest Refinery

HOUSTON, TX--(Marketwire - Jul 29, 2011) - PGI Energy, Inc. (PINKSHEETS: PGIE) forms joint venture partnership with SETX Instrumentation & Electrical, Inc as a subcontractor under Bechtel-Jacobs General Contractor and Motiva in the construction of a 660,000 Bbl per day refinery, the US largest refinery. The refinery construction project is located in Port Arthur, Texas. The refinery ownership is a partnership between Saudi Aramco and Shell. "We are excited to be a minority participant in a project of such vast magnitude, said Robert Gandy, Chief Investment Officer for PGI Energy."

About SETX INSTRUMENTATION & ELECTRICAL, INC an affiliate of J & L INSTRUMENTATION & POWER, LLC

J & L Instrumentation has been very active in the construction of power facilities, refinery, instrumentation panel design and construction. PGI Energy and J & L are in the process of final approval to build a 1,000 MGW electrical gas power plant to be constructed in two phases of 500Mgw to the grid in Ajaokuta, Nigeria. SETX shall provide labor resources in the form of skilled technicians and electrical journeymen for instrumentation installation as part of the construction of the refinery. Visit: www.bechteljacobs.com www.saudiaramco.com www.motivaexpansionproject.com/

About us
PGI Energy, Inc. is an energy holding 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 Transportation & Logistics, PGI Manufacturing & Engineering, PGI Green E & P and PGI Commodities Trading.

For more information visit: WWW.PGIEnergy.us or Email: ir@pgienergy.us