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Perihelion Global Completes Acquisition of Patented Gold Mine With Gold Reserves of $745 Million From Saturday Night, LLC WILMINGTON, Del. and SALT LAKE CITY, Jan. 4, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Pink Sheets:PHGI) announced that the corporation has completed its acquisition of the assets of Saturday Night, LLC, including Patent Claim #5797 located in Box Elder County, Utah. Patent Claim #5797 has been assayed in separate geological reports to have 1,277,950 oz of Gold deposits, currently worth more than USD745 Million ($745,000,000.00).
Patent Claim #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 #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 #5797 is posted on the Perihelion Global website www.perihelion.com for public viewing.
"This is a tremendous acquisition for our corporation," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. "We firmly believe that the value of gold and other precious metals will continue to increase in the future. As such, in addition to the gold deposits already reported, we plan to conduct further geological surveys to determine the value of the remaining precious metal and mineral deposits in our patented property." Adds Beebe, "Perihelion Global plans to utilize the most proficient methods available for extracting precious metals and minerals and will entertain possible ventures that would further enhance the value of our precious metal and mineral assets."
Two principals of Saturday Night LLC, Brian Charlesworth and Dr. Patrick La Rive, will join Perihelion Global to serve in an executive management capacity.
Says Dr. Patrick La Rive, "I am very pleased with the rapid development of Perihelion Global and the proven team that John H. Beebe has assembled. Beebe's vision for Perihelion Global is steadily becoming reality. We are thrilled to become a part of this diverse company."
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.
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Perihelion Global Receives Initial FCC Approval for Acquisition of Radio Broadcast Stations WILMINGTON, Del. and SANTA ROSA BEACH, Fla., Jan. 10, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Pink Sheets:PHGI) announced that the United States Federal Communications Commission (FCC) has granted a consent decree approving Perihelion Global's 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.
As required by law, the Notice of Consummation for completion of the transaction will be filed with the FCC by Perihelion Global's FCC legal counsel -- Law Offices of Scott C. Cinnamon, PLLC, in Washington, D.C.
The transaction is expected to be formally completed by late January 2007.
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.comPosts: 13 | Registered: Jan 2007
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Perihelion Global Receives Formal Letter of Intent from City of Opp, Alabama to Build Bio Fuel Refinery Perihelion Global (OTC: PHGI) announces that the corporation has received a formal Letter of Intent from the City of Opp, Alabama granting approval and incentives for Perihelion Global to build and operate a Bio Fuel Refinery in the city's new industrial park. The formal Letter of Intent was the result of efforts by Perihelion's Government & Public Affairs Representative, Robert H. Boothe, Jr. and Chairman, Chief Executive Officer & President John H. Beebe working with Local and State Government Officials in Alabama.
"We are honored that the City of Opp, Alabama has presented our company with a formal Letter of Intent and initial approval to build our Bio Fuel Refinery. I plan on traveling to Alabama in the next few days to meet with Opp Mayor H.D. Edgar and other Local and State Officials to reach a final agreement," says John H. Beebe, Chairman, Chief Executive Officer & President. "The Letter of Intent from the City of Opp outlines favorable terms and incentives for Perihelion Global that I would like to discuss in greater detail with State and Local Government Officials."
Adds Beebe, "The Letter of Intent from the City of Opp is a positive step for Perihelion Global to move forward with our Bio Fuel Refinery project. We expect to have further announcements when we have reached a definitive agreement with Local and State Government Officials in Alabama."
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
Follow up PR - Actually following through with it!
The City of Opp, Alabama, Covington County, Alabama, Covington County Economic Development Commission and Perihelion Global Announce January 29, 2007 Groundbreaking for Bio Fuel Refinery OPP, Ala. and SANTA ROSA BEACH, Fla., Jan. 17, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Pink Sheets:PHGI) and the City of Opp, Alabama; The Covington County Board of County Commissioners; Covington County Economic Development Commission and The State of Alabama jointly announce the Official Ground Breaking of Perihelion Global's Bio Fuel Refinery locating in Opp, Alabama on Monday, January 29, 2007 in the Opp Industrial Park at 10:00AM CST.
The Ground Breaking will formally launch construction of Perihelion's Bio-Fuel Refinery which will be the largest Bio-Fuel Refinery in North America using peanuts as the primary stock and will also be the 3rd largest Bio-Fuel Refinery in North America overall.
Present at the Official Ground Breaking will be City of Opp Mayor H.D. Edgar; Perihelion Global Chairman, Chief Executive Officer & President John H. Beebe; members of Perihelion Global's Board of Directors and Executive Management staff; Covington County Economic Development Commission; and various Federal, State, County, and City Officials will also be on hand.
Perihelion Global Management and State, County and City Government Officials will be available for questions from the Media or the Public.
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.comPosts: 13 | Registered: Jan 2007
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Appears they just released this PR after the bell today:
January 18, 2007 - 5:42 PM EST
Perihelion Global Receives Additional Financial Incentives From the City of Opp, Alabama, Covington County, Alabama and the State of Alabama to Construct BioFuel Refinery OPP, Ala. and SANTA ROSA BEACH, Fla., Jan. 18, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Pink Sheets:PHGI) announces today that the City of Opp, Alabama, Covington County, Alabama and The State of Alabama have agreed to a package of financial incentives for the company to construct and operate its BioFuel Refinery locating in the Opp Industrial Park.
Under terms of the agreement, Perihelion Global will be allowed recoup the entire cost of the $40 Million BioFuel Refinery via tax abatements. The investment will be recouped at 5% of the total cost of the project per annum over 20 years.
Additionally, the City of Opp, Covington County and the State of Alabama have granted a 10 year abatement of all property taxes, excluding taxes designated for funding public education.
Perihelion's BioFuel Refinery in Opp, Alabama which be the largest Bio-Fuel Refinery in North America using peanuts as the primary stock and will also be the 3rd largest BioFuel Refinery in North America overall.
"We are very pleased at the package of financial incentives given to our company to build and operate our BioFuel Refinery in Opp, Alabama. The City, County and State of Alabama have been extremely positive and supportive in working with us on this project. We greatly appreciate their combined efforts to enable us to succeed in this project," states John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. "The package of financial incentives truly creates a win-win arrangement for our company, our shareholders and the local community that we feel will ensure the long term success of this project."
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.comPosts: 13 | Registered: Jan 2007
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