Thursday January 18, 8:14 am Eastern Time
Press Release
SOURCE: ADAIR INTERNATIONAL OIL & GAS, INC.
Pace Global Energy Services to Provide Power Management and to Secure And Structure Power Development Funding for ADAIR
HOUSTON, Jan. 18 /PRNewswire/ -- John W. Adair, Chairman of ADAIR INTERNATIONAL OIL & GAS, INC. (OTC Bulletin Board: AIGI - news) today announced that Adair International Oil & Gas, Inc. has entered into a more comprehensive Consulting Services Agreement with PACE GLOBAL ENERGY SERVICES, LLC. PACE has been engaged by ADAIR to conduct feasibility studies for power project development sites. ADAIR is in the process of developing a number of natural gas fired power plants within the continental United States. PACE's role is now expanded to providing risk, fuel, marketing, and power management services as well as the structuring of financial relationships with potential development fund lenders.
PACE is an energy consulting and management firm with expertise related to the production, purchase, sale, transportation, storage and consumption of energy. It is an independent energy management and consulting firm with over two decades of experience in global power, fuel, and financial markets. Pace has provided fuel and power procurement services to large volume end-users of energy, providing the firm with practical knowledge of energy markets and operations. This breadth of experience and market knowledge is of great value to companies seeking to enhance their competitive advantage by reducing costs, mitigating risks, and maximizing profits. The company is headquartered in Fairfax, Virginia with regional offices in Houston and London. As a recognized leader in the energy services industry, PACE has been at the forefront of deregulating energy markets in more than 35 countries on six continents. As an independent source of energy expertise, PACE serves as an objective outsourcing partner to clients, executing transactions on their behalf while protecting their energy interests.
Adair International Oil & Gas, Inc. is headquartered in Houston, Texas, and has offices in Dallas, Texas; Bogota, Colombia and Sana'a, Yemen. For more information about Adair visit its website at www.aigionline.com.
This news release contains forward-looking statements within the meaning of Securities Litigation Reform Act that involves risk and uncertainties, including exploration, development, operational and marketing and implementation risks, and other facts described from time to time in the company's public available SEC reports which could cause results to differ materially.
SOURCE: ADAIR INTERNATIONAL OIL & GAS, INC.
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