Press Release: Petrogress, Inc. Announces Formatio

Press Release: Petrogress, Inc. Announces Formation of Advisory Board -- Appointment of Members

NEW YORK, Oct. 05, 2017 (GLOBE NEWSWIRE) -- Petrogress, Inc.(PGAS) announced today that it has formed an Advisory Board to assist in implementing the Company's current plans and identifying means to capitalize on future growth opportunities. Among other matters, the Advisory Board will provide counsel with respect to the Company's corporate governance and capitalization relative to the threshold board qualifications and market capitalization requirements for traditional exchange and on-line trading markets. In addition, the Advisory Board will be tasked with helping develop a comprehensive US and international lobbying and government outreach program to facilitate business plans in the US, the EU and Africa.

The initial appointments are Dr. Christine Warnke, PhD, Washington, D.C., and Dr. Demetrios Z. Pierides, PhD, Nicosia, Cyprus.

Dr. Warnke has professional and commercial experience at the senior most levels of government and industry world-wide. Her global leadership accomplishments in business, government and philanthropy range from commercial achievements in energy related initiatives to advancement of women's issues in the international community, especially in Africa, Pacific Rim and India. As an executive and law firm senior advocacy expert, Dr. Warnke has three decades of direct experience working with Fortune 100 companies and has developed an expansive knowledge of diverse industries, including energy, textiles, life sciences, financial services and defense. She brings a unique understanding of governance, leadership development and strategic focus from not only serving on for profit and not-for-profit boards but also serving as an advisor to chief executive officers and executive management team members.

Dr. Pierides has long-term experience in operating international business concerns and public company governance. Since 1960, he has been a principal in the Pierides Group, which has operated shipping, banking, insurance and hospitality businesses in and from Cyprus since 1860. He served as a director of the Bank of Cyprus in Cyprus, Greece, the UK and Australia from 1999 to 2006. He was appointed as the Cypriot Honorary Consul General for Sweden in 1968, has held numerous diplomatic posts with an emphasis on commercial development, and has been the recipient of international awards including appointment to the highest echelon that of Grand Officer of the Order of the Star of Italy and the highest rank of Grand Commander of the Order of Honour of Greece. Dr. Pierdes currently devotes significant time as President of the Pierides Foundation, which he founded in 1974; the Foundation established and funds museums, art galleries and a library in Greece and Cyprus.

President and CEO, Christos P. Traios, stated, "Dr. Warnke and Dr. Pierides each bring a rich and useful skill set to Petrogress(PGAS) and will assist me in both positioning the Company for placement on a suitable, investor-friendly trading platform and in navigating relations with critical government units in the US, the EU and Africa. I look forward to their close involvement in the next phase of the Company's growth."