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PHGI -- Perihelion Global, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Perihelion Global Retains Former United States Attorney David L. McGee of Beggs & Lane, LLP
WILMINGTON, DE, SANTA ROSA BEACH, FL and OPP, AL, Feb 16, 2007 (MARKET WIRE via COMTEX) -- Perihelion Global (PINKSHEETS: PHGI) announced today that the company has retained former United States Attorney David L. McGee, a partner with Beggs & Lane, LLP in Pensacola, Florida as a member of Perihelion's legal team. Beggs & Lane, LLP is Florida's oldest law firm. David L. McGee served as First Assistant U.S. Attorney, Northern District of Florida, from 1991-1996. Mr. McGee also served as Lead Attorney, Organized Crime Task Force ("Strike Force") for the United States Justice Department from 1983-1991. Previously, Mr. McGee served in the State Attorney in Florida.
Mr. McGee's primary areas of practice are: Securities Litigation; White Collar Crime and Commercial Litigation. Mr. McGee is a member of the Escambia-Santa Rosa, Federal and American Bar Associations.
"Without question, David L. McGee's experience, knowledge and counsel will be a tremendous resource for our company," states John H. Beebe, Chairman, Chief Executive Officer & President. Adds Beebe, "Our company is growing rapidly and our future is extremely bright. Mr. McGee brings a proven track record of service to the United States, and we're pleased that he has decided to work with Perihelion to continue protecting the interests of our shareholders."
Burr & Forman, Perihelion Global's current legal counsel will also continue legal representation of the company.
-------------------- 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:
Perihelion Global and W.R. Taylor & Company, LLC Sign US $24 Million Bond-Financing Agreement for BioFuel Refinery
WILMINGTON, DE and SANTA ROSA BEACH, FL and MONTGOMERY, AL, Feb 22, 2007 (MARKET WIRE via COMTEX) -- Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company has signed a US $24,000,000.00 bond-financing agreement with Investment Bank W.R. Taylor & Company, LLC (Member NASD; SIPC) to provide financing for Perihelion's BioFuel Refinery currently under construction in Opp, Alabama. The financing, which W.R. Taylor & Company, LLC will spearhead from inducement through closing, will be non-dilutive to Perihelion Global shareholders and will consist of both tax-exempt and taxable industrial revenue bonds. W.R. Taylor & Company, LLC will underwrite the bonds, market the bonds to additional institutional investors and finalize the closing and disbursement of the bond proceeds to Perihelion Global. Additional terms and conditions of the agreement were not disclosed.
Perihelion Global Chairman, Chief Executive Officer and President John H. Beebe stated, "We are pleased to have reached an agreement with W.R. Taylor & Company who have an exceptional track record and are widely respected in the financial community." Adds Beebe, "Today's agreement brings our project a very crucial step forward in becoming a reality."
Jason Grubbs, Managing Director of Corporate Finance for W.R. Taylor & Company, stated, "We are pleased Perihelion has selected W.R. Taylor & Company to manage and underwrite a $24,000,000 bond issue to finance the Opp, Alabama bio-diesel production facility. Having completed similar financings for renewable fuels projects in the Southeast and Mid-West, we look forward to a successful closing for the Alabama plant in the coming months and expanding our firm's renewable fuels portfolio."
Brian Charlesworth, Sr. Vice President of Strategic Business Development for Perihelion Global, stated, "We are excited about the levels of support our Opp, Alabama BioFuel Refinery is generating and are pleased W.R. Taylor & Company has chosen to partner with us to help enable its completion."
About W.R. Taylor & Company, LLC
W. R. Taylor & Company's investment banking division has developed specialized expertise in identifying environmentally related expenditures associated with industrial and commercial processing facilities that may qualify for tax-exempt industrial revenue bond financing. By virtue of its knowledge in the corporate finance markets, W. R. Taylor & Company has become a leader in providing bond financing services to agri-businesses and middle market industries.
As an investment banking boutique dedicated to the Industrial Revenue Bond and Note market, W. R. Taylor & Company specializes in developing transactions with capital requirements ranging from $1 million to $100 million.
For more information, visit: http://www.wrtayco.com/ Huge accumalation today. This is one you can flip or hold long. I've flipped in the .40 range 4 times already and plan to do it again soon.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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Anyone here have info about Gov. grants for the bio-fuel plant or is that just a rumour? I have a long time friend who lives in Opp and he tells me thats the word on the street.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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Before the reverse split it was VMDG. Some of us called it V-very M-mean D-devil G-goat and had a few laughs. It jumped the fence one morning and impregnated my german shepard.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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(financialwire.net via COMTEX) -- March 7, 2007 (FinancialWire) Perihelion Global (OTC: PHGI) has filed mining claims on an additional 60 acres of land surrounding the company's patent claim #5797 located in Box Elder County, Utah.
The 60 acres of claims have been accepted and filed with the US Department of Interior BLM and recorded in Box Elder County, Utah. The claim has been assayed in separate geological reports to have 1,277,950 oz of gold deposits, currently worth more than $823 million.
The 60 acres are in addition to the 800 acres of mining claims the company successfully filed for in November 2006 that surround it.
Perihelion Global focuses on the acquisition, development and management of technologies and strategic commodity reserves in the energy, natural resource and advanced communications markets.
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PHGI -- Perihelion Global, Inc. Com ($0.001) COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Perihelion Global Acquires 251 Acre Parcel From Meridian Land and Minerals, LLC Near Company's Patented Gold Mine
WILMINGTON, DE and SALT LAKE CITY, UT, Mar 20, 2007 (MARKET WIRE via COMTEX) -- Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, announced that the corporation has acquired 251 acres of land, including mineral rights, from Meridian Land and Minerals, LLC located near the company's Patent Claim #5797 located in Box Elder County, Utah. The 251 acre parcel is located approximately 1.5 miles from the company's Patent Claim # 5797 and has active rail service, electricity, and water. Patent Claim #5797 has been assayed in separate geological reports to have 1,277,950 oz of Gold deposits, currently worth in excess of $745 Million USD ($745,000,000.00). "This parcel of land will allow us a tremendous amount of flexibility in our operations," stated John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. "The 251 acre Meridian Parcel has existing rail service, electrical power, and water on site, and multiplies our available options for extracting and transporting gold and other precious metals and minerals."
The 251 acre Meridian Parcel is in addition to 900 acres of mining claims the company successfully filed for in November 2006 and March 2007 that surround Patent Claim #5797. The Meridian Parcel, Patent Claim # 5797 and the surrounding claims on 900 acres are located in Box Elder County, Utah, Township 6N Range 19W approximately 8 miles east of Montello, Nevada in the Lucin Mining District in the West Salt Lake Base. Financial consideration to Meridian Land and Minerals, LLC for the 251 acre parcel will consist of a cash down payment, a promissory note payable over 5 years and restricted stock. The transaction is expected to close within the next 14 days and will give Perihelion Global direct ownership or control of mineral rights on over 1,200 + acres in the Lucin Mining District in Nevada and Utah. Investors will be provided documentation on this transaction on both the http://www.pinksheets.com site and Perihelion's website.
Beebe also gave a second update on the status of the mining permit filed previously. Stated Beebe, "We recently received notice from the State of Utah, Division of Oil, Gas & Mining regarding items in our mining permit that the State requested further clarification on. We have provided the State written clarification on the items requested and anticipate that our mining permit will be granted approval without any further delays."
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies and strategic commodity reserves in the energy, natural resource and advanced communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century in environments that are mission critical in the global marketplace. For more information, visit: 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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SUBJECT CODE: Manufacturing and Production:Mining and Metals
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PHGI -- Perihelion Global, Inc. Com ($0.001) COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Perihelion Global Board of Directors Approves Resolution to Reduce Authorized Shares by an Additional 50%
WILMINGTON, DE and SANTA ROSA BEACH, FL, Mar 21, 2007 (MARKET WIRE via COMTEX) -- Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that its Board of Directors has reached unanimous consent to approve an additional 50% reduction in the company's authorized shares from approximately 500,000,000 to 250,000,000. The most recent reduction follows the company's earlier reduction in February, and has now reduced the company's authorized shares by over 99.2% from the previous capital structure inherited from Perihelion's predecessor company.
Perihelion Global is committed to advancing its business goals with minimal dilution to shareholders. To date, an overwhelming majority of the transactions the company has executed have been financed with cash and restricted common stock. In some instances, like the Bond Financing Agreement with WR Taylor & Company, Perihelion Global has been able to find solutions that are both non-dilutive and of high-value to shareholders.
Commenting on the latest board resolution, Chairman, Chief Executive Officer & President John H. Beebe stated, "We have had some time to thoroughly examine our capital structure against our current and future projects, and felt that our earlier reduction in our authorized shares still did not completely bring us to appropriate levels in accordance with our objectives. The company exists for one reason, and for one reason alone, and that is to create a stable income-generating haven whereby investors in our company can participate and profit in sectors we feel will be vital to the economic stability of both our country and the rest of the world." Adds Beebe, "The company is not contemplating a reverse split and our management and directors have restricted stock which cannot be sold into the market. We are growing rapidly and will do everything in our power to make the growth our company as smooth as possible for our fellow shareholders. For us there is no option but success. The Board of Directors and Management Team greatly appreciate the continued support from 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.
Contact: John H. Beebe Chairman, Chief Executive Officer & President Perihelion Global 866-748-7610 (Toll Free) x 719 john*perihelion.com
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All information contained herein is provided "as is." Pink Sheets LLC makes no representation or warranty, expressed or implied, as to the accuracy, timeliness, or completeness of the information provided herein. Neither Pink Sheets LLC, nor its directors, officers, employees, or third party data suppliers, shall bear any responsibility or liability to verify the information and/or its source or for the use, misuse, or inability to use the information provided. None of the foregoing parties shall be liable to any third-party claims or losses of any nature. Accordingly, investors should not use this information as the basis for making an investment decision. Please see Risk Warning and Terms of Service for more information.
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