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Texas Gulf Energy (TXGE) Announces Dismissal of Renato Acain, et al Versus TXGE Subsidiary International Plant Services

  Texas Gulf Energy (TXGE) Announces Dismissal of Renato Acain, et al Versus
                 TXGE Subsidiary International Plant Services

PR Newswire

HOUSTON, March 14, 2013

HOUSTON, March 14, 2013 /PRNewswire/ -- Texas Gulf Energy, Incorporated
(OTCQX:TXGE) announced today that the District Court of Harris County, Texas,
113th Judicial District, has dismissed the claims filed by Renato Acain, et al
versus International Plant Services, L.L.C. (IPS), a wholly-owned subsidiary
of TXGE.The court ruled, "that Defendants' (IPS's) Motion To Dismiss For
Lack of Jurisdiction is granted, and plaintiffs' (Renato Acain, et al) claims
are dismissed for lack of jurisdiction."

David Mathews, CEO of TXGE, stated: "As we have previously disclosed in our
SEC filings, we believe this lawsuit has no merit. It was gratifying to see
the 113th Judicial District Court agrees with our motion. While the
plaintiffs may appeal this dismissal, we continue to believe that this case
has no merit whatsoever and will not have any material effect on TXGE going
forward."

About Texas Gulf Energy, Incorporated (www.tgnrg.com)
Since its founding in 2003, Texas Gulf Energy, Incorporated and its
subsidiaries have deployed thousands of engineering, construction, technical,
skilled crafts and project management personnel to major international energy
companies, including Exxon Mobil, Conoco Phillips, Chevron, Valero, and
others. We are particularly well known throughout the energy markets for our
ability to provide construction services with professional, experienced, and
well-trained teams to maximize the ability of our customers to complete major
projects safely, on time and on budget. Now entering our tenth year in
business, we have vertically integrated our service offerings into other
energy market segments, including pipeline and vessel fabrication, wellhead
services, oil and gas production, and professional consulting services both
domestically and internationally to better serve the needs of our customers.

Precautionary and Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and such forward-looking
statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. "Forward looking statements"
describe future expectations, plans, results, or strategies and are generally
preceded by words such as "may," "future," "plan" or "planned," "will" or
"should," "expected," "anticipates," "draft," "eventually" or "projected." You
are cautioned that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or results to
differ materially from those projected in the forward-looking statements,
including the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various factors,
and other risks identified in TXGE's disclosures or filings with the SEC. You
are further cautioned that penny stocks, like TXGE, are inherently volatile
and risky and that no investor should buy this stock unless they can afford
the loss of their entire investment.

SOURCE Texas Gulf Energy, Incorporated

Website: http://www.tgnrg.com
Contact: Craig Crawford, +1-281-867-8400
 
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