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Texas Gulf Energy Incorporated.(TXGE)

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Texas Gulf Energy Incorporated.

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    Texas Gulf Energy Inc, a Nevada corporation, was incorporated as Nature of Beauty, Inc. under the laws of the State of Nevada on May 22, 2007. In October 2009, the Company changed the focus of its business to developing 'green' products and technologies, including unique cleaning and environmental remediation products and changed its name to 'Bio-Clean, Inc'. Subsequently, on October 8, 2010, the Company changed its name to 'Global NuTech, Inc.' and executed two different joint venture agreements. In December 2011, the Company acquired International Plant Services, L.L.C., and in the first quarter of 2012, the Company changed its name to 'Texas Gulf Energy, Incorporated' to better reflect its new focus in the market. Currently the Company is engaged in providing construction services to the downstream energy business. Its Construction Services segment provides turnkey and specialty construction services to a range of industrial and energy sector clients. Its scope of services includes project planners, welders, fitter and millwrights. These services are provided for projects of varying complexities, schedule durations, and budgets. The Company's project experience includes retrofits, modifications and expansions to existing facilities as well as the construction of new facilities. The Company has several operating units, which includes Texas Gulf Energy International; Texas Gulf Oil & Gas, Inc.; Fishbone Solutions, Inc.; Texas Gulf Electrical and Instrumentation; and Texas Gulf Industrial Services. The Company derives a significant portion of its revenues from performing services for engineering firms, general contractors, and petrochemical and industrial gas companies and ultimately the integrated oil companies, independent petroleum refiners, and pipeline, terminal and oil and gas marketing companies. The Company competes with local, regional, national and international contractors in the Construction Services segment. The Company operations are subject to the requirements of the United States Occupational Safety and Health Act, and comparable state laws. The Company's operations are subject to extensive and changing environmental laws and regulations, which relates primarily to air and water pollutants and the management and disposal of hazardous materials.

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