Perihelion Global Completes Merger with Vision Works Media Group Tuesday October 24, 3:45 pm ET Announces Conference Call
SANTA ROSA BEACH, Fla. & WILMINGTON, Del.--(BUSINESS WIRE)--Perihelion Global (OTC:PHGI - News) announced that the corporation has formally completed its merger with Vision Works Media Group (OTC:VMDG - News) a publicly held corporation. The newly merged company will operate under the name Perihelion Global, Inc. as a Delaware corporation. ADVERTISEMENT
The merger between Perihelion Global and Vision Works Media Group is effective as of October 17, 2006, and Perihelion Global will begin trading under the symbol PHGI at the open of the market on October 25, 2006.
Perihelion Global has on record a total of 52,398,567 shares outstanding which includes 1,815,567 free trading shares.
"I am pleased to announce the completion of the merger of Perihelion Global and Vision Works Media Group," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, "With the merger now complete, Perihelion Global will work to complete the acquisition of Saturday Night, LLC."
Additionally, with the completion of the merger Perihelion Global will now commence additional targeted acquisitions to further increase the net asset holdings of the corporation.
A conference call has been scheduled for November 1, 2006 at 3:00pm EST to outline the operations, strategy and goals of Perihelion Global to all shareholders and interested parties. Participation in the conference call will require an access code and can be obtained by emailing investors*perihelion.com.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy, Infrastructure, Engineering, Banking and Communications.
This press release contains historical information as well as forward-looking statements that are based upon our estimates and anticipation of future events that are subject to certain risks and uncertainties that could cause actual results to vary materially from the expected results described in the forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "hopeful," "intend," "may," "optimistic," "preliminary," "project," "should," "will," and similar expressions are intended to identify these forward-looking statements. There are numerous important factors that could cause our actual results to differ materially from those in the forward-looking statements. Thus, sentences and phrases that we use to convey our view of future events and trends are expressly designated as Forward-Looking Statements as are sections of this news release clearly identified as giving our outlook on future business.
These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events:
General economic conditions, either nationally or in our market area, that are worse than expected; regulatory and legislative actions or decisions that adversely affect our business plans or operations; price competition; inflation and changes in the securities markets that adversely affect the fair value of our operations; and changes in our organization, compensation and benefit plans. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and wish to advise readers that the factors listed above could affect our financial performance and could cause actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. We do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact: Perihelion Global, Santa Rosa Beach John H. Beebe, Chairman, Chief Executive Officer & President, 866-748-7610 (Toll Free) x 719 john*perihelion.com
-------------------------------------------------------------------------------- Source: Perihelion Global
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