Petrogress, Inc. acquired Petrogress Int'l, LLC (‘PIL’) from Christos P. Traios for a nominal consideration of $1.
September 25, 2017
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Petrogress, Inc. (OTCMkts:PGAS) acquired Petrogress Int'l, LLC (‘PIL’) from Christos P. Traios for a nominal consideration of $1 on September 26, 2017. PIL will operate as a wholly-owned subsidiary of Petrogress and its business and accounting operations will be consolidated into Petrogress effective immediately.
Petrogress, Inc. (OTCMkts:PGAS) completed the acquisition of Petrogress Int'l, LLC from Christos P. Traios on September 26, 2017.
Petrogress, Inc., formerly 800 Commerce, Inc., is a holding company. The Company, along with its subsidiaries, is engaged in international trading and shipping business. The Company is engaged in exploring the potential for acquiring or purchasing or leasing newly built liquefied natural gas (LNG) vessels in the United States to be used for the supply and sea freight of the United States LNG exports. The Company's subsidiary, Petrogres Co. Ltd. (Petrogres), operates as an oil commodity company in West Africa. Its other subsidiaries are Petronav Carriers LLC (Petronav) and Petrogress Oil & Gas Energy Inc. (Petrogress Energy). Petronav focuses on primarily managing the day-to-day operation and handling of the tanker fleet it manages. Petrogress Energy is primarily focused on investigating the feasibility of acquiring oil fields in Texas so that the Company can expand its operations into the LNG market within the United States market.
PETROGRESS, INC. 
