Fellow Shareholders,
Thank you for the opportunity to share this update regarding Principal’s recent and upcoming activities. So far, 2022 has been a busy year for the Company, with more activities ahead.
I have scheduled a special meeting of the board for a planning session at the end of this month in which we plan to discuss a range of topics and strategic initiatives. The meeting will be held in
With the recent finalization of the terms of Principal’s acquisition of Double-H Services (“Double-H”), we have a number of related items on our meeting agenda. I plan for us to discuss the contractual terms of potentially adding two key
During the meeting, we also plan to explore additional avenues to finance future transactions via debt and other structures, including legal joint ventures. As stakeholders, Principal’s management is keenly interested in prioritizing potentially non-dilutive financings.
In recent news, Principal’s board also met to to discuss initiates for its oil and gas subsidiary, E-3 Petroleum, Inc. (“E-3”). The board feels that in an extended period of high oil and gas prices, 2022 and 2023 may offer significant opportunities for E-3. To that end, Principal has engaged
I’m proud of the work the board is doing at
Onward!
Sincerely,
Chairman and CEO
About
For further information, please visit the Company’s website at www.pswwenergy.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW' hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWWs' control, will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWWs' most recent financial reports and other filings posted with the OTC Markets and/or the
Principal Solar Contact
Chairman and Chief Executive Officer
kt@pswwenergy.com
Investor Relations Contact
invest@pswwenergy.com
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