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Perihelion Global to File Mining Permits With the State of Utah Department of Natural Resources; Division of Oil, Gas & Mining on Patented Gold Reserves of $745 Million Friday January 19, 4:27 pm ET
WILMINGTON, Del. and SALT LAKE CITY, Jan. 19, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Other OTC:PHGI.PK - News) announced that the corporation has completed the applications to grant permits to conduct small scale mining operations on its patented Gold Mine (U.S. BLM Patent Claim No. 5797) in Box Elder County, Utah. The applications are to be formally filed with the State of Utah Department of Natural Resources, Division of Oil, Gas & Mining in Salt Lake City. ADVERTISEMENT
Perihelion Global anticipates formal approval to begin small scale mining of 5 acres or less on Patent Claim No. 5797 will be granted within 3 weeks. Patent Claim No. 5797 has been assayed in separate geological reports to have 1,277,950 oz of Gold deposits, currently worth more than $745 Million USD ($745,000,000.00) and is on private land owned by Perihelion Global.
Perihelion Global's Patent Claim No. 5797 is located in Box Elder County, Utah, approximately 8 miles east of Montello, Nevada in the central zone of the Montello Mining District in Northeastern Nevada-Northwestern Utah. The two most recent geological reports verifying the gold deposits in Patent Claim No. 5797 were conducted in 2000 by respected Geologist Dr. Yung S. Kim, a retired Professor of Geology at the University of Nevada and Senior Fellow at the Department of Conservation, Office of Mines, Sacramento, CA., and in March 2006 by John A. Yellich, Certified Professional Geologist - No. 7538, American Institute of Professional Geologists, Licensed Geologist -No. 891, State of Washington. The March 2006 geological report on Patent Claim No. 5797 is posted on the Perihelion Global website http://www.perihelion.com for public viewing.
``We are steadily moving forward to maximize the full asset potential of the patented Gold Mine for our company,'' said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. ``The markets continue to demonstrate a strong demand for gold and other precious metals and market price support remains strong.''
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 John H. Beebe Chairman, Chief Executive Officer & President 866-748-7610 (Toll Free) x 719 john*perihelion.com
Perihelion Global Receives Additional Financial Incentives From the City of Opp, Alabama, Covington County, Alabama and the State of Alabama to Construct BioFuel Refinery Thursday January 18, 5:42 pm ET
This should qualify for some nice federal incentives also. I'm sure they won't pass up that opportunity.
Not just any bio fuel refinery, either- the largest bio fuel refinery in North America!
Ground breaking next week. I have a long time friend in Opp and plan to visit visit him soon to check the progress.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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PHGI -- Perihelion Global, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
PQL Research: State of the Union Address Puts Biofuels in Focus
NEW JERSEY, Jan 24, 2007 (M2 PRESSWIRE via COMTEX) -- PQL Research, a smallcap, microcap, and nanocap stock research group, today announced that smallcap biofuels companies are being closely watched following an extremely ambitious State of the Union Address where President George W. Bush resoundingly supported expanding nationwide production of biofuels. PQL Research will be specifically monitoring activity surrounding Perihelion Global (OTC: PHGI), Earth Biofuels (OTCBB: EBOF), and Xethanol Corp (AMEX: XNL). In his address, President Bush proposed a mandatory fuels standard' to require 35 billion gallons of renewable and alternative fuels in place by 2017. This would seem to be a significant rally cry for biofuels producers, and the market could see renewed activity in these types of investments. Biofuels producers, for the most part, have remained mostly stable following tremendous short-term declines in oil prices, bucking recent trends that had the two sectors trading more closely.
Over a ten-day period which saw oil prices hit 19-month lows before rebounding on the heels of a long overdue mid-Atlantic winter storm, Perihelion Global has risen 20%, Earth Biofuels is up 8%, and Xethanol has gained an impressive 36%, albeit mostly in the last two trading sessions.
Although the precipitous decline in oil prices may have previously discouraged biofuels investments, the market may finally be betting on their viability as a long-term component of the national energy policy. PQL Research continues to believe that energy production will be at the forefront of both Washington and Wall Street for years to come.
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. Website: www.perihelion.com
The company has made a series of recent press announcements, including announcing the groundbreaking of its $40M biofuels refinery in Opp, Alabama, its intent to file mining permits with the State of Utah, Division of Oil and Gas, as well as initial FCC approval of its acquisition of two broadcast stations in the South. The company made headlines earlier in the month by announcing a completed acquisition of Saturday Night, LLC and a Box Elder County, Utah gold mine with proven reserves of $745M. The pinksheet-traded stock closed at $.30, down 25%, on volume of 214,147 shares on Tuesday.
About Earth Biofuels
Earth Biofuels produces and distributes biodiesel fuel through the company's network of wholesale and retail outlets. The fuel is sold under Willie Nelson's brand name, "BioWillie ." Earth Biofuels also produces and markets liquefied natural gas (LNG). The Company is focused on meeting the growing demand for alternative and renewable fuels in the domestic market. The Company's Web site is www.earthbiofuels.com.
Earth Biofuels recently announced that the company and its BioWillie biodiesel brand were recently featured on PBS. In addition, the company recently announced that its Wholly-Owned subsidiary, Applied LNG Technologies, was awarded a five year contract for the sale of liquefied natural gas to Omnitrans. Earlier in the month, the company announced that it was acquiring a controlling interest in an ethanol production facility located near Moses Lake, Washington. The OTC:BB-traded stock closed at $.80, up 15.9%, on volume of 2,588,377 shares on Tuesday.
About Xethanol Corporation
Xethanol Corporation is a renewable energy company focused on converting biomass to biofuel. The Company's technology strategy involves working with leading scientists and licensing, acquiring and commercializing innovative technologies. The company's production strategy involves developing small regional facilities, located at or near the source of waste biomass. Xethanol currently owns and operates a 5 MGPY corn-based ethanol facility in Blairstown, IA. Headquartered in New York City, Xethanol is traded on the AMEX under the symbol XNL. For more information about Xethanol, please visit its website at http://www.xethanol.com.
Xethanol has had a difficult winter, with several legal firms announcing class-action lawsuits against the company. The company's December announcement regarding a new venture to produce ethanol from waste citrus peels met initial excitement in the market, but quickly reversed course and met 3-month lows in the before surging recently. Previously, the company announced both a new board member and Executive Vice President of Communications and Technology Affairs. The AMEX-traded stock closed at $3.07, higher 13.7%, on volume of 3,171,300 shares on Tuesday Gotta be grant money in this.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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PHGI -- Perihelion Global, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
***.com: Perihelion Global BioFuel Refinery to Benefit from Proposed Mandatory Alternative Fuels Standard Outlined in State of the Union Address by President Bush
Opp, Alabama, Santa Rosa Beach, FL, Jan 24, 2007 (M2 PRESSWIRE via COMTEX) -- Perihelion Global (OTC: PHGI) today announced that in the annual State of the Union address, President George W. Bush proposed a mandatory alternative fuels standard to require 35 Billion gallons of renewable and alternative fuels in annual production by 2017 specifically including BioDiesel. President Bush stated, "For too long our nation has been dependent on foreign oil. And this dependence leaves us more vulnerable to hostile regimes, and to terrorists -- who could cause huge disruptions of oil shipments, raise the price of oil and do great harm to our economy." Adds President Bush, "It is in our vital interest to diversify America's energy supply." "We need to press on with battery research for plug-in and hybrid vehicles, and expand the use of clean diesel vehicles and biodiesel fuel". The proposed fuels standard was part of a larger agenda of asking Congress to help in pursuing A Great Goal', by reducing gasoline usage in the United Stated by 20 percent within the next ten years.
In the Majority Democratic response, Senator Jim Webb (D) stated: "Further, this is the seventh time the President has mentioned energy independence in his state of the union message, but for the first time this exchange is taking place in a Congress led by the Democratic Party. We are looking for affirmative solutions that will strengthen our nation by freeing us from our dependence on foreign oil, and spurring a wave of entrepreneurial growth in the form of alternate energy programs. We look forward to working with the President and his party to bring about these changes."
Perihelion Global will break ground on its $40,000,000 BioFuel refinery in Opp, Alabama on Monday, January 29, 2007. The public is invited to attend. The BioFuel Refinery will be the third largest in North America overall, and the largest refiner of fuels derived primarily from peanut stock. The company projects BioFuel production capacity at approximately 40 Million gallons annually from the Opp, Alabama facility; which would provide the United States slightly more than one-tenth of one percent of the proposed mandatory fuel standard from Perihelion alone.
In 2006, an estimated 200 million to 250 million gallons of BioDiesel were produced nationally, according to the National Biodiesel Board. Although industry sources have cited BioDiesel growth, it is unlikely there will be enough production online significantly before 2017 to meet the proposed mandatory fuel standard. This greatly benefits Perihelion Global, as the company expects to sell its first gallon of BioDiesel in the first quarter of 2008. This could create a market of intense demand and limited supply, whereby Perihelion would conceivably be operating at maximum capacity for the next ten years and pre-sell every gallon the refinery produces. In such a scenario, the company would anticipate revenues no less than $400,000,000.00 USD across the proceeding ten years.
The President's comments will only further accelerate what the company believes will be an inevitable and complete adoption of BioFuels to ensure national and economic security as well as a cleaner environment, as has been outlined in numerous interviews by Perihelion Global Chairman, Chief Executive Officer & President, John H. Beebe. Perihelion Global believes it is strategically positioned to capitalize on the reality and promise of renewable and alternative fuels.
"Perihelion Global is successfully proceeding forward with our Opp BioFuel Refinery and other strategic projects which we believe will play a key role for future United States economic and environmental health and national security", states Perihelion Global Chairman, Chief Executive Officer and President John H. Beebe.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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Ground breaking next week. Should be interesting.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Best thing is the PR's are verifiable. Unlike many pinksheet companies, where you can't find any information on the companies or projects being worked on, PHGI is set to change that. Much like PYPR and INXR imo.
Show me the money! lol
They even give you contact info for some quick DD to verify legitimacy.
City of Opp, Alabama Mayor H.D. Edgar (334) 493-4572 hdedgar*oppcatv.com
Covington County Economic Development Commission Richard T. "Tucson" Roberts, President & CEO (334) 222-7040 ccedc*alaweb.com www.southalabamaed.com
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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PQL Research will offer exclusive coverage of the groundbreaking to its members, including photos, videos, and a live **** through its website. To access the full coverage of Perihelion Global, you must be a subscriber to our free Yahoo! Group available from the subscribe' tab of www.pqlresearch.com. Yahoo! Groups allow anyone to join or leave (opt-in' and opt-out') PQL Research, at any time and on their own ambition, with a click of the mouse. Subscribers experience about 1 post to the group per day, which they can elect to receive via email or view online at their leisure. Click on this site, it is educational and fun reading. Enjoy!
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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Sorry I have not contacted you sooner, but I've just received your email. The ground breaking was this morning at 10 a.m. I have not been informed who the construction general contractor will be. Contact Robert Boothe at 334-493-4545 concerning that information. I received this e-mail at 10:30 am today. Will call Robert Booth for more info.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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PHGI -- Perihelion Global, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
***.com: Prominent State and Local Officials Attend Perihelion Global Biofuel Refinery Groundbreaking
Jan 30, 2007 (M2 PRESSWIRE via COMTEX) -- WILMINGTON, Del. & OPP, Ala - Perihelion Global (OTC: PHGI ) is pleased to announce that on Monday, January 29th, the company successfully broke ground on its first biofuels refinery located in Opp, Alabama. The plant, scheduled to be producing in 2008, is drawing wide support from both state and local officials, as evidenced by the impressive list of guests to the morning event. Representative and Speaker of the Alabama House, Seth Hammett (D), was in attendance and spoke in support of the biofuel refinery. Top Congressional aides from US Representative Terry Everett (R), and US Senator Richard Shelby (R) also voiced support from their respective congressmen. State Senator Jimmy Holley (D) was again able to make the event, and City of Opp Mayor H.D Edgar continued to show great leadership to the local community with his steadfast encouragement and enthusiasm about the project. The Opp City Council, The Covington County Commissioners as well as the Covington County Economic Development Commission were also well represented.
Clearly, there is a growing bipartisan effort to see the Perihelion plant thrive, and the company believes it will achieve similar public support for its future biofuel refineries as well. In a WSFA NBC-12 Interview, CEO John H Beebe commented, "This is the first biofuel refinery and first groundbreaking of what we hope to be many. We plan on coming into this space very strong".
After the initial grading and conditioning of the land, the company will begin visible construction of the warehousing units which will primarily store peanut feedstock. The company expects to be purchasing locally-grown peanuts for storage as early as August 2007.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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PHGI -- Perihelion Global, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
***.com: Perihelion Global Files Application with US Dept. of Agriculture for BioFuel Refinery Feedstock Storage
Wilmington, Del; Opp, AL, Jan 31, 2007 (M2 PRESSWIRE via COMTEX) -- Perihelion Global (OTC: PHGI) announced that the corporation has filed a Uniform Grain and Rice Storage Agreement (UGRSA) application with the US Dept of Agriculture to enable Perihelion Global to purchase and store feedstock grain supply for its BioFuel Refinery in Opp, Alabama. The applications have been formally filed with the US Dept of Agriculture Commodity Credit Corporation (CCC) Commodity Management Division. The company expects to use 1 ton of feedstock per day to produce 40 Million Gallons of fuel grade BioDiesel annually. Licensure with the US Department of Agriculture will provide Perihelion Global a strategic advantage by allowing the company to buy and store feedstock from the US Department of Agriculture Commodity Credit Corporation in addition to private feedstock producers.
Upon formal approval, Perihelion Global expects to store up to 60 Tons of feedstock supply - primarily peanuts, rapeseed and cotton seed onsite at its Opp, Alabama facility. The land for the feedstock storage facility was provided to Perihelion Global by the City of Opp and will be co-located with the company's BioFuel Refinery in the Opp Industrial Park.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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Please tell me someone is playing a real bad joke here. He may call it 'unusual'--I call it horrible Posts: 62 | From: Nappa Valley | Registered: Jan 2007
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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PHGI -- Perihelion Global, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
PQL Research: Breakouts, Bottoms, and Between: Amacore Finds Blue Skies
NEW JERSEY, Feb 02, 2007 (M2 PRESSWIRE via COMTEX) -- PQL Research, a smallcap, microcap, and nanocap stock research group, today announced that it has selected Amacore Group (OTCBB: ACGI), Perihelion Global (OTC: PHGI), and US Sustainable Energy Corp (OTC: USSE) as its newest set of highlighted securities. Amacore Group (OTCBB: ACGI)
Amacore traded most of the winter between $.03 and $.05, and recently made an incredible move forward, closing Thursday at $.20, up 33%, on over 608,000 traded shares. In December, the company announced that the Vicis Capital Master fund had expanded its investment in the Amacore Group by purchasing an additional 52.5 shares of the company's convertible preferred stock for $525,000. Late Thursday, the company filed a form 8-K disclosing that Vicis again expanded its investment in Amacore - this time purchasing an additional 75 shares of its 6% Series D Mandatory Convertible Preferred Stock. On January 18th, the stock began to get interest on unusually high volume, and has yet to look back. Amacore owns and operates the largest discount vision network (Eye Care International) in the US, with provider locations nationwide. Amacore has moved over 400% from its trading range, and is currently trading above all known resistance levels. Aggressive traders will surely be watching the progress of this company. For more information about the Eye Care International Vision Plan, visit http://www.ecivisionplan.com.
Perihelion Global (OTC: PHGI)
Perihelion Global has seen a rollercoaster ride since coming onto the scene via a reverse merger in September 2006. With a 6-month chart that has reliable peaks and valleys, Perihelion is now trading just pennies above its 200-day moving average of $.15, to close Thursday at $.17, down 32%, on volume of over 507,000 shares. The company has made a series of press releases involving its biofuel refinery currently under construction in Opp, Alabama, including prominent political figures that attended the groundbreaking late in January. The company also owns a patented gold mine in Box Elder County, Utah, with claimed reserves of $745M. Most recently, the company filed an application with the US Department of Agriculture to enable Perihelion to purchase and store feedstock grain supply. Value traders may be watching this one for a reversal to the upside, as the stock gets nearer to longer term support levels as well as its 52-week low. For more information, visit http://www.perihelion.com.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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Perihelion Global Board of Directors Approves Resolution to Reduce Authorized Shares by 98% Market Wire - February 02, 2007 12:07 PM ET
Perihelion Global (PINKSHEETS: PHGI) today announced that its Board of Directors has reached unanimous consent to approve a 98% reduction in the company's authorized shares from approximately 30,000,000,000 to 500,000,000.
The existing authorized share structure was inherited by Perihelion Global from the preceding Vision Works shell that Perihelion acquired via a reverse merger transaction in September 2006. The Board Resolution specifically directs Perihelion Global amend its Articles of Incorporation with the State of Delaware to reflect an authorized share count more aligned with the company's objectives and long-term plans.
"The Board of Directors is pleased to announce a unanimous consent to reduce our authorized shares. The new share structure better reflects who we are and where we are headed as a company and gives our shareholders and the investment community a clear window into our company and our long-term direction. The Board of Directors is committed to a strong share price and we will continue to take actions that build Perihelion Global into a company that is positioned to sustain long-term growth," states John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global.
Adds Beebe, "Perihelion Global's future is extremely bright. We had a very successful groundbreaking for our new BioFuel Refinery in Opp, Alabama on Monday. We have tremendous support for this project by Local and State Officials in Alabama. We are moving forward to fully maximize our patented gold mine reserves and expect to have significant revenue from our gold mine this year. We have launched our communications division by adding one of the most powerful licensed radio stations in North America. These are very positive developments for our company and our shareholders."
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 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.
Contacts: John H. Beebe Chairman, Chief Executive Officer & President Perihelion Global 866-748-7610 (Toll Free) x 719 john*perihelion.com
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Perihelion Global Completes Acquisition of Radio Broadcast Stations Thursday February 8, 2:05 pm ET
WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Feb 8, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News) announced that the company has completed the acquisition of licensed broadcast facilities WCMA-AM, a 50,000 watt broadcast facility covering portions of Alabama, Florida and Georgia and WTKN-AM, a full time broadcast facility serving Mississippi. WCMA-AM is one of the most powerful FCC licensed broadcast stations in North America and is licensed by the FCC to broadcast its signal at the maximum power (50,000 watts) allowed AM stations under FCC Regulations. ADVERTISEMENT
"We are pleased to have completed this acquisition. This acquisition continues to increase our company's tangible asset base and will serve to greatly enhance our Communication's Division," stated John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global.
Edward Villarreal, Chief Operations Officer of Perihelion Global, states, "We plan to implement exciting new technologies in our broadcast facilities such as HD Radio and others which will enable us to deliver data and other informational services to the public in addition to traditional radio broadcast."
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. Website: www.perihelion.com
Caution Regarding Forward-Looking Statements
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: Contacts: John H. Beebe Chairman, Chief Executive Officer & President Perihelion Global 866-748-7610 (Toll Free) x 719 john*perihelion.com
-------------------------------------------------------------------------------- Source: Perihelion Global
Posts: 415 | Registered: May 2005
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PHGI -- Perihelion Global, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Perihelion Global CEO Releases Letter to Shareholders
WILMINGTON, DE and SANTA ROSA BEACH, FL, Feb 13, 2007 (MARKET WIRE via COMTEX) -- Perihelion Global (PINKSHEETS: PHGI) today announced that its Chairman & Chief Executive Officer, John H. Beebe, released a public letter to shareholders. "Dear Fellow Shareholders,
It has been less than four months since we completed our acquisition of Vision Works Media Group, and we're happy to report that our outlook for Perihelion's future is brighter than ever.
Over these first few months, the company has already achieved significant milestones, including the acquisition of our Patented Gold Mine in Box Elder County, Utah. The mine, and the surrounding 800 acres of land which we own the mineral rights to, contain substantial quantities of precious metals. In fact, the gold content alone (approx 1.27 million oz) is valued at over $843 Million USD at today's market prices could potentially be worth over $1 Billion USD this year if several of the analyst forecasts for gold prices come to pass. The Patented Gold Mine is a real, verifiable, and substantial asset of Perihelion Global and its shareholders -- and to help provide better public information and documentation regarding the company's assets and operations, we've begun uploading several key documents to the www.pinksheets.com site under the 'Financial Reports' section for PHGI. We encourage all interested parties to thoroughly review the material, which among other things, establishes the existence and value of the mine, as well as providing further transparency of our transaction with Saturday Night, LLC in acquiring it.
In January, we broke ground on our BioFuel refinery in Opp, Alabama. Over the coming weeks and months, the site should begin to take shape and we expect that our warehousing units will be the first structures to be built. We plan on purchasing peanuts from local farmers, and subsequently storing them on-site, far before the plant is fully operational early in 2008. This will provide an immediate boost to the local economy, and give the company a practical relationship with our farmers well before our first batch of biodiesel is complete. With oil prices again on the rise, we believe our company could be no better positioned in a post-carbon era than by producing up to 40,000,000 gallons of environmentally friendly biodiesel every year. As we've stated from day one, the local support from the City of Opp and the Great State of Alabama has been tremendous, and we appreciate each and every individual who is helping make this project a reality.
Of late, the price of our shares has been under significant pressure, returning to levels not seen since the initial reverse merger with Vision Works was announced. Let me emphatically say, in no uncertain terms, that the company knows of nothing material in its business that would account for such a precipitous decline. None of our management or directors has sold any stock into the market, and we've unanimously agreed to reduce the amount of authorized shares for the company by over 98%. I have invested a large percentage of my personal resources into this company, and currently hold in excess of 52,000,000 restricted shares of stock. I have even moved substantial assets, such as the FCC Licensed Radio Stations, out of my personal ownership and into the ownership of Perihelion shareholders.
Over the last ten trading days, significant volumes of our stock have traded, potentially in excess of what we believe to be our public float. At face value, we feel this is numerically not possible. In addition, we continue to receive reports of unsolicited email campaigns promoting our stock, even though we have not paid for such promotions. Clearly, we are very concerned with what we have seen in our market, and will continue to monitor the situation very closely with our legal counsel, transfer agent, and Executive Management. Both the Board of Directors and Executive Management believe in, and reaffirm desire for, a strong share price. In accordance with this directive, significant tangible assets have been placed into the company to readily support a market capitalization that is far higher than that which is currently reflected in our stock.
We understand the frustrations some shareholders may have and are working diligently to correct any irregularities in our public market. You have our firm resolve and commitment that we will apply every effort to address and remedy any and all irregularities. On behalf of the entire Management Team and Board of Directors of Perihelion Global, we wholeheartedly appreciate the faith and confidence you have in our company. We will continue to do our utmost to reward your faith and trust.
Together, absolutely nothing will stop us from succeeding."
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 and Communications. Website: www.perihelion.com
Caution Regarding Forward-Looking Statements
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.
Contacts: John H. Beebe Chairman, Chief Executive Officer & President Perihelion Global 866-748-7610 (Toll Free) x 719 john*perihelion.com
SOURCE: Perihelion Global
CONTACT: mailto:john*perihelion.com
Copyright 2007 Market Wire, All rights reserved.
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PHGI -- Perihelion Global, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Perihelion Global and City of Opp, Alabama, Sign Formal Agreement Establishing Terms of BioFuel Refinery
WILMINGTON, DE and SANTA ROSA BEACH, FL and OPP, AL, Feb 14, 2007 (MARKET WIRE via COMTEX) -- Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and communications, today announced that the company has signed a formal agreement with the City of Opp, Alabama, establishing definitive terms regarding Perihelion's $40M BioFuel refinery to be constructed in the Opp Industrial Park. The agreement, available for public review on the www.pinksheets.com site under 'Financial Reports' for PHGI, outlines a comprehensive set of mutual promises and obligations to be fulfilled by Perihelion and The City of Opp. Under the terms of the agreement, the total acreage available to Perihelion for construction of the plant and its associated structures is approximately 53.7 acres, which Perihelion will lease from Opp at a price of $2,685 per quarter for five years. Perihelion has the option to purchase the property outright for a sum of $53,700 any time within the first five years and lease payments paid by Perihelion will be credited against the purchase price.
Other key representations in the agreement include The City of Opp providing site preparation, grading, drainage on the property and water, sewer, natural gas, and electrical utilities connections up to the property at no charge to Perihelion. As outlined in previous releases, The City of Opp also grants significant tax advantages and abatements to Perihelion.
The company is obligated to complete the BioFuel manufacturing facility within (2) years and employ 20 persons upon completion of the facility. A year thereafter, the company has agreed to employ a minimum of at least 100 persons at an average wage of $14/hour including fringe benefits.
Commenting on the agreement, Perihelion Global Chairman & Chief Executive Officer John H. Beebe stated, "We have reached this point with a focused and collective effort by more than a dozen highly-talented individuals involved in this project. Each and every one of Perihelion's Management and numerous Opp Officials played an important role in creating what we feel will be a lasting and mutually beneficial relationship between Perihelion Global and the City of Opp. We'd like to sincerely thank Opp Mayor H.D. Edgar, Covington County, the State of Alabama, and the hundreds of people we met at our initial press conference and groundbreaking ceremony. We are inspired by your faith and readiness to begin this journey, and we are committed to work side-by-side with you as a model for positive change in our world."
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 and Communications.
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