Greenwich, CT (PRWEB) November 10, 2010
Progressive Investment Partners (PIP) is proud to announce the completion of its 80th successful Lease-Bank Program. The “Triple J” program paid out 100% in December, 10 months from it’s inception. PIP thanks Dr. Jonathan Mitchell and the Mayo Clinic Board for their support and participation in our projects over the past 5 years.
With the help and support of outside groups and individuals, PIP will continue to grow and profit even in these staggering economic times. In the worst economic climate in recent history PIP managed to secure 15 leases in 2009, with gains in excess of $10 million.
Hosting its 3rd annual “meet and greet” this winter at the four seasons in New York City, PIP looks forward to a good time for a good cause. Hoping to see all the new partners there, PIP will silent auction numerous donated prizes that will go to the benefit of pediatric patients at the Mayo Clinic.
About Progressive Investment Partners:
Utilizing advanced technologies, along with a committed management team, Progressive Investment Partners has developed a proven strategy in the oil and gas industry.
Over the past 10 years, they have completed over 80 programs and have acquired almost 400 new investors. Brooks said, “It is a different and more conservative approach to the oil and gas industry.” For years investors have put up scandalous amounts of capital in search of striking oil and natural gas reserves, losing a large majority of it due to the speculative nature of the business. Offering a unique and evolving approach, PIP delivers the opportunity to participate in multiple wells without having to directly invest in the well itself. This, consequently, avoids the high risk factors.
Robert Brooks oversees prospect evaluations and has over twenty years of experience in the investment banking industry. As a banker, Brooks has an abundance of contacts within this niche that he utilizes as a tool to qualify and eliminate high-risk ventures.
PIP does provide 50% of the funding on each prospect and soundly understands the benefits of outside investors. Brooks said, “Their part is intricate in maintaining growth and expansion.” With outside investors PIP can continue growth and obtain larger leases with larger profit potential prolonging the company’s edge over competitors.