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Chevron / Texaco Distributor Crew Distributing Co. Signs Letter of Intent to Purchase 1.2 Million Gallons of Biodiesel Annually From Perihelion Global
SANTA ROSA BEACH, FL and OPP, AL, Jul 27, 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 Crew Distributing Co. Inc., a Chevron / Texaco Petroleum Distributor in the Southeastern United States, has signed a definitive Letter of Intent with Perihelion to purchase a minimum of 1,200,000 gallons of Biodiesel annually from the company. Mickey Crew, President of Crew Distributing Co., stated, "The time is right for a valid Biodiesel product to be introduced into the American Southeast, and we believe Perihelion Global can help make that happen. We recognize the economic and social benefits of distributing a locally produced, renewable fuel source to our region, and fully support Perihelion's initiatives in this field."
"We are extremely honored to have been chosen by Crew Distributing Co. to supply their Biodiesel products and the annual purchase commitment they have given us," stated John H. Beebe, Chairman, Chief Executive Officer, and President of Perihelion Global. "This agreement ensures that we will rapidly realize revenues and formally enter the energy products market at full-speed. We look forward to a long and prosperous partnership with Crew Distributing Co., and hope that our relationship expands further in time."
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.
Crew Distributing, Co., Inc. is a Chevron/ Texaco distributor, and has for over 30 years distributed petroleum fuels to portions of Alabama, Georgia and Florida in the Southeastern United States.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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phgi, phgi, phgi? Oh right, vwkm re-birth. That would explain why my a$$ started to hurt when I opened this topic THeir in the bio-diesel market now, wow that's a 180 deg. buisness shift.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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supposedly Astrom out, and new share structure...kinda got into it a while back with the CEO when I saw a PR of theirs saying the company had set its own ex-date on a divvy... He was pretty gracious once he realized I was genuine. The "faithful" still don't seem to get there's no divvy, though...
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Perihelion Global Gives Update on Perihelion Canada Subsidiary
SANTA ROSA BEACH, FL and WILMINGTON, DE, Jul 31, 2007 (MARKET WIRE via COMTEX) -- Perihelion Global, Inc. (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced an update on its Perihelion Canada subsidiary and answered some frequently asked questions regarding the dividend issue into its Canadian subsidiary. John H. Beebe, Chairman, Chief Executive Officer & President of Perihelion Global, said, "As stated in a previous press release, Perihelion Global is in the midst of listing the shares of its Canadian subsidiary, Perihelion Canada, on the CNQ market in Canada. The listing is contingent upon prior approval and compliance with all legal requirements of the CNQ market." Adds Beebe, "Additionally, Perihelion Global wishes to issue its current shareholders a dividend payment that will result in free trading shares on the CNQ. From our experience with this process to date, it is too early to speculate on the exact timetable that all of this will be completed. Executive Management believes on the advice of its Canadian legal counsel, in consideration of their level of expertise in Canada and acceptance by the CNQ, the whole process should take no more than three months."
Perihelion Global retained the well respected Law Firm of Langlois Kronstroem Desjardins, LLP, of Montreal, Quebec (www.lkd.ca) to facilitate the legal formation of Perihelion Canada, with the intention to secure approval to list its shares in accordance with all legal requirements of the CNQ.
Michel Lebeuf, of Langlois Kronstroem Desjardins, LLP serving as Perihelion Canada lead counsel, stated, "We wish to emphasize that the formal listing of the shares is conditional upon a thorough review and acceptance of the CNQ. As a securities attorney in Canada, we are confident that Perihelion Canada will be able to respect the legal requirements of the CNQ."
It is expected that Perihelion Canada will engage in the exploration of precious metal and mineral properties in Canada. We intend to initially make an acquisition in or near the uranium camp in the Otish region in the Province of Quebec in the near future.
Will Perihelion Canada's shares be listed in the United States?
Perihelion Canada is a Canadian company, and management intends to list its shares on the Canadian Stock Exchange - CNQ market.
Will the shares in Perihelion Canada be "Free Trading?"
It is intended that the shares issued as a dividend to Perihelion Global shareholders will be Free Trading. Management is working diligently with its legal counsel to meet all of the requirements of the CNQ to enable this.
Will Perihelion Canada have the same Transfer Agent as Perihelion Global?
No. Perihelion Canada will have a Canadian-based Transfer Agent in full compliance with all applicable Canadian regulations and legal requirements.
How many shares of Perihelion Canada will I receive?
Management is proposing 1 share in Perihelion Canada for every 5 shares owned in Perihelion Global, a Delaware Corporation. This however is subject to securities review and full CNQ approval. The actual amount of shares issued as free trading may vary contingent upon regulatory and listing approval.
Is Perihelion Canada governed under US Securities law?
Perihelion Canada is a Canadian company, intended to be listed on the Canadian Stock Exchange - CNQ, and is subject to all applicable Canadian securities guidelines, laws and regulations.
Does Perihelion Canada replace Perihelion Global's move up to the OTCBB?
No. Management intends to move Perihelion Global to the OTCBB via reverse merger under the terms of a previously announced Letter Of Intent.
What is the actual Ex-Dividend date?
In a previous Press Release, management announced an ex-dividend date of July 3, 2007. Due to compliance requirements management has amended that date forward, contingent upon formal CNQ approval. Management intends to announce a new formal ex-dividend date in compliance with all applicable regulations at such time.
Can you issue a dividend of Free Trading shares now?
No. We are legally prohibited from issuing any dividend or security not bearing a restrictive legend that has not previously met registration requirements and been given formal registration approval.
How can I get more information about the listing process?
Shareholders may contact Perihelion Canada's legal counsel, Michel LeBeuf in Montreal, Quebec at 1-514-282-7815 or email at michel.lebeuf*lkd.ca.
Additional updates will also be provided in the future.
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 the 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.
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
CONTACT: mailto:john*perihelion.com
Copyright 2007 Market Wire, All rights reserved.
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Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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In a previous Press Release, management announced an ex-dividend date of July 3, 2007. Due to compliance requirements management has amended that date forward, contingent upon formal CNQ approval. Management intends to announce a new formal ex-dividend date in compliance with all applicable regulations at such time.
That's what we got straightened out...at least they finally PR'd it...was about two weeks ago when we corresponded.
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PHGI-People read this, we have gold on our hands, LOL. You will own 2 companies when this is done, and one will be fully filing, sounds like a good deal to me. On top of that, PHGI is on sale right now, doesn't get any better than that.IMO
May 8, 2007 - 7:45 AM EST
Perihelion Global to Acquire OTC:BB Listing in Proposed Transaction Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company's Board of Directors has approved, via unanimous consent, a resolution authorizing Perihelion Global to uplist to the NASDAQ Over-the-Counter Bulletin Board (OTC:BB) by means of an acquisition of a fully reporting shell company.
Background on the Transaction
Perihelion Global went public via a reverse merger on the Pinksheets in the 3rd Quarter of 2006, and since that time has moved nearly $1B USD in assets into the corporation. It has become clear to management that in the best interest of Perihelion shareholders, the company should expeditiously move to increase its visibility, liquidity, and corporate transparency by consummating a transaction to have its common shares listed on the NASDAQ OTC:BB. At the close of business on Monday, May 7, Perihelion's market capitalization was a fraction of the corporation's asset value and clearly not representative of the corporation's revenue potential.
Proposed Structure of the Transaction
Perihelion, through assistance of its executive management, is currently engaged in the due-diligence process with several OTC:BB shell candidates. Management contemplates the purchase will be done primarily with cash and will not result in more than nominal dilution from the existing single-percent equity interests the shell will retain following the transaction. Typically, shell owners retain between 5-7% of the equity post-merger, which would allow existing Perihelion shareholders to control the remaining 93-95% of the new listing.
The company will transfer all of its cash, assets, and businesses into the OTC:BB entity with the exception of the broadcast radio stations which will remain with the current PHGI.PK ticker. In consideration to existing shareholders, management proposes a 1-for-1 'spinoff' of the PHGI.PK Pinksheet listing so that each and every documented shareholder as of the record date will effectively have double their existing shares; one set in the Pinksheet listing containing the broadcast radio stations, and the other in the OTC:BB listing which will contain the patented gold mine and biofuel refinery. Following the completion of the acquisition, the Pinksheet listing will add new management, change its name and will trade as a distinct and separate company. The 'Perihelion Global' name, and all existing management and directors, will be transferred to the OTC:BB listing.
An Example of proposed impact of reverse merger into OTC:BB shell:
Today you have 5,000 shares of PHGI.PK (contains all assets)
After the merger, you would have 5,000 shares of PHGI.PK and 5,000 shares of the OTC:BB listing*.
* Exact share conversion rate will be determined at the time of completion of the transaction
What to Expect After a Completed Transaction
When the proposed transaction is completed with a qualified OTC:BB candidate, Perihelion would have the duty to file periodic reports with the Securities & Exchange Commission, including all quarterly and annual reports. The company is confident such reports will clearly outline Perihelion's business plan, strong asset base, and audited revenue/income as applicable. For most shareholders, the transition will be automatic and handled by your brokerage firm electronically.
John H. Beebe, Chairman, Chief Executive Officer, and President of Perihelion Global commented, "The company will update shareholders as the process on this initiative moves forward, and on behalf of the Board of Directors and all of the Executive Management, we sincerely thank those shareholders who have remained optimistic and supportive of the company's business plan throughout what has been a difficult tenure on the Pinksheets. We expect to have new information, including details on the OTC:BB company and specific dates regarding completion of the transaction, by the end of the month."
About Perihelion Global:
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Perihelion Global Files Amendment to Reduce Authorized Shares by 75,000,000; Announces Stock Buyback Program
SANTA ROSA BEACH, FL and WILIMINGTON, DE, Aug 27, 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 filed an amendment with the Delaware Secretary of State to reduce the total authorized shares of the company to 425,000,000, a reduction of 15% from the current authorized share count. The company also announced that, effective immediately, officers and directors of Perihelion will be authorized to purchase common shares in the open market under a stock buyback program. Perihelion management remains committed to supporting a strong share price, and the latest reduction in the authorized shares follows what the company believes has been a consistent policy to improve the capital structure of the corporation and enhance shareholder value. Over the last two weeks, the company, in cooperation with its transfer agent, has cancelled in excess of 10,450,000 shares. Further, when the Delaware Secretary of State amendment is confirmed and officially reflected in the state records, the company will have reduced the authorized share count by over 98.5% of the original figure inherited by the company as it went public in 2006. The company expects the amended figure to be reflected at the Delaware Secretary of State after 5pm EDT today.
In tandem with the share reduction amendment, Perihelion officers and directors have approved a share buyback program whereby management may, from time to time, purchase common shares in the open market as conditions warrant. The program will remain effective for a minimum of six months and does not specify a specific limit to the quantity of shares that may be purchased. To provide disclosure to shareholders, Perihelion intends to submit a summary of any purchases by officers or directors to the Pinksheets site at the end of any month in which there is activity under the program.
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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Perihelion Global Retains CDG Engineers & Associates Inc. for Engineering, Permitting, and Consulting Services
WILMINGTON, DE and SANTA ROSA BEACH, FL, Aug 30, 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 retained CDG Engineers & Associates, Inc. for engineering, permitting, and consulting services related to the planning and operations of its future Biodiesel refineries. CDG Engineers & Associates, Inc. (CDG) is a diversified engineering and consulting firm with expertise in civil, environmental and geotechnical engineering, geology, hydrogeology and associated fields. With offices in Andalusia, Albertville, Birmingham, Dothan, Hoover, AL and DeFuniak Springs, FL, CDG has a significant presence in Alabama and the surrounding states. Perihelion Global will rely on CDG to provide expertise and guidance throughout all processes of constructing its Opp, Alabama biodiesel refinery as well as other relevant projects.
In addition, the company announced that it has expanded the responsibilities of Michael R. Varley, Executive Vice President of Perihelion Global to include oversight and coordination of the engineers, contractors and consultants for company's BioFuel Refinery Projects.
Commenting on the retainer of CDG, Varley stated, "I have always strongly believed in hiring from a pool of qualified local talent to support the communities we do business in. CDG Engineers and Associates came highly recommended. Not only does CDG have an outstanding reputation in the community, they also have a strong, positive working relationship with the Alabama Department of Environmental Management (ADEM). I feel our decision to hire CDG to assist us in the state of Alabama is a win/win solution for all concerned parties."
Mark Pugh, President of CDG Engineers & Associates, Inc., added, "I am pleased that CDG has the opportunity to assist Perihelion Global with their engineering needs for their Biodiesel Plants in Opp, and I look forward to this project and any future projects where we may be of assistance."
About CDG Engineers & Associates, Inc. (CDG)
CDG Engineers & Associates, Inc. (CDG) is a diversified consulting firm with expertise in civil, environmental and geotechnical engineering, geology, hydrogeology and associated fields. With offices in Andalusia, Albertville, Birmingham, Dothan, Hoover, AL and DeFuniak Springs, FL. CDG has a significant presence in Alabama and the surrounding states.
The firm is equipped with state-of-the-art facilities for computer-aided engineering design, subsurface investigation, soil and water analysis, and surveying, as well as a materials testing laboratory certified by ALDOT, AASHTO and the U. S. Army Corps of Engineers.
The combination of our high-tech facilities and well-trained, experienced professional, technical and administrative staff of more than 130 employees has enabled us to successfully complete numerous projects including site design, natural gas distribution, storm drainage, water supply and distribution, phase I and phase II environmental assessments, and over a dozen additional proficiencies.
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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Perihelion Global Provides Update on Proposed Acquisition of Renovo Holdings, Inc
WILMINGTON, DE and SANTA ROSA BEACH, FL, Sep 12, 2007 (MARKET WIRE via COMTEX) -- Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today provided an update on the proposed acquisition of Renovo Holdings. Perihelion has concluded its due diligence phase with Renovo and intends to enter into a definitive purchase agreement.
Shareholders of both Perihelion and Renovo should deem the acquisition 'on schedule' and management of both companies remain committed to reaching definitive and binding terms proposed in the initial Letter of Intent. Upon completion of the acquisition, Perihelion intends to move select assets and businesses into the Renovo shell to better maximize their value.
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.
Renovo Holdings, Inc is a shell corporation trading on the Over-the-Counter Bulletin Board.
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: John H. Beebe Chairman, Chief Executive Officer & President Perihelion Global 866-748-7610 (Toll Free) x 719 john*perihelion.com
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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Perihelion Global Reduces Authorized Shares to 325 Million With Delaware Secretary of State; Provides Share Structure Updates
WILMINGTON, DE and SANTA ROSA BEACH, FL, Sep 20, 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 further reduced the Authorized Shares of the corporation to 325 Million shares. The reduction was effective Wednesday, September 19, 2007 with the Delaware Secretary of State. Upon completion of the merger with Vision Works Media Group on October 24, 2006, the company inherited an authorized share structure of 30,200,000,000 (30+ Billion) shares. Since that time, the company has worked to successfully reduce the Authorized Shares by 99% to 325 Million. Although not currently reflected in the company's price per share, the company has been diligent during this time in resolving any potential concerns in its Shares Outstanding. The current Outstanding Shares of the company are 130,177,400.
The company wishes to inform its shareholders that there are no acquisitions planned at this time that should have a substantial effect on the company's share structure. All pending, future or anticipated acquisitions previously announced will conform within the company's new Authorized Share structure. Additionally, the company wishes to inform its shareholders that the pending acquisitions of the OTCBB shell companies are expected to be completed without the assumption or inheritance of liabilities by the company.
The company intends to announce an update on the progress and status of its Canadian based Perihelion Canada, Inc. subsidiary in the near future.
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 the 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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Perihelion Global Announces Preferred Share Dividend
Feb 19, 2008 12:05:48 (ET)
WILMINGTON, DE and SANTA ROSA BEACH, FL, Feb 19, 2008 (MARKET WIRE via COMTEX) -- Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that in an effort to increase shareholder value, Company management has approved a preferred share dividend plan for common shareholders.
As proposed, management has resolved that shareholders of Perihelion common stock receive 1 (one) restricted Series C Preferred share for every thirty (30) Series A common shares currently owned. The Series C Preferred shares are convertible into Series A common shares at a ratio of three (3) Series A common shares for each 1 (one) Series C Preferred share. Management anticipates shareholders will have the ability to convert their restricted Preferred shares after the requisite one year holding period.
The result of the restricted Preferred dividend would afford common shareholders additional equity in Perihelion Global. Management believes the current market price for its common stock is disproportionally lower than the value of the Company's assets. The company is undertaking this action for the benefit of common shareholders who have experienced significant volatility as the Company nears completion and production from Phase One of its Opp, Alabama Biofuel refinery.
The Company has submitted the appropriate paperwork and documentation for this action to the applicable regulatory agencies, and it is expected that an 'ex-date' will be determined for this dividend within the next two weeks by NASDAQ. The Company will release further information to shareholders regarding the restricted Preferred share dividend as specific dates are determined.
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 866-748-7610 (Toll Free)
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Perihelion Global Announces Chemical and Feedstock Providers for Opp, Alabama Biofuel Refinery Thursday February 28, 8:45 am ET
WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Feb 28, 2008 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that is has secured chemical and feedstock providers. ADVERTISEMENT
Perihelion has reached agreement with Vitusa Products, Inc to provide processing chemicals to its Opp, Alabama BioDiesel refinery. Griffin Industries will supply feedstocks that will supplement supply from regional crop producers to ensure that the Opp Refinery can maintain continuous production.
Perihelion's agreement with Vitusa Products, Inc outlines distribution of Methanol and Sodium Methylate to the Company's Phase One Refinery in Opp, Alabama. Vitusa Products, Inc is the preferred distributor of Methanex Methanol and also distributes Sodium Methylate. Vitusa Products, Inc has a 27-year history of working with Methanex's advanced pumping terminal at Westwego, Louisiana, which supports their ability to handle and transport hazardous materials in a safe and efficient manner. As part of the agreement, Vitusa Products, Inc recently conducted an on-site inspection of the Company's Phase One Refinery.
Griffin Industries will supply animal fats for the Company's Phase One Refinery as an additional feedstock source. Griffin is a leader in recovering waste material from slaughterhouses, packing plants, butcher shops, supermarkets, hotels, and restaurants to recycle valuable fatty acids, tallows, and proteins. These materials can be processed at the Company's Opp, Alabama facility as an additional source of feedstock for creating BioDiesel. Griffin has an outstanding environmental record, and is certified through Audubon International's Cooperative Sanctuary System.
In light of record high soy, rapeseed, and palm oil prices that are crippling production at numerous single-feedstock facilities, Perihelion management believes its approach of constructing multi-feedstock refineries is proving advantageous in today's economy. Perihelion's facility has been designed to be highly adaptive to pricing and supply changes in world commodities markets.
Perihelion Biofuels representative, William Roncali, stated, "When you have multiple feedstock sources, you have the advantage of reacting to supply-side or economic obstacles that might otherwise hinder producers that are more reliant on a single feedstock."
Perihelion Global CEO, John H. Beebe, concluded, "These agreements are important to securing consistent production. Consistent production creates consistent jobs for our employees, consistent revenues for our company, and security for our shareholders knowing that we have the ability to adapt to changing market climates. We look forward to working with these industry leaders to strengthen our BioDiesel operations in this region."
About Vitusa Products, Inc
Vitusa Products and its sister companies form a diversified marketing and distribution organization, specializing in addressing the needs of its customers while working toward enhancing their business. Vitusa Products is affiliated with and acts as a marketing and distribution company for many major domestic and foreign producers. Vitusa Products' ability to buy and ship products throughout the United States and world markets assures its customers of reliable, long-term source of supply at competitive prices. This is achieved with our established warehouses, bulk storage and drumming facilities, strategically located throughout the United States, and with the added advantage of our own trucking company. Vitusa Products' commitment to quality goes back to when the company was first formed in 1981. Vitusa Products is dedicated to providing quality and service second to none. For more information, please visit http://www.vitusaproducts.com/.
About Griffin Industries
Griffin Industries collects and recycles billions of pounds of agricultural waste. Meat and poultry by-products, grocery scraps, restaurant grease, and waste from the bakery industry is reclaimed and recycled into usable, everyday products. These by-products are recycled into fats, oils, proteins, alternative fuels, leather goods, organic fertilizers and methyl esters that are synonymous with quality in the pet food, animal feed, industrial/chemical, petroleum, leather and turf industries. For more information, please visit http://www.griffinind.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 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: Contact: John H. Beebe Chairman, Chief Executive Officer & President 866-748-7610 (Toll Free)
-------------------------------------------------------------------------------- Source: Perihelion Global
-------------------- Up Up and Away! Posts: 225 | From: Minneapolis | Registered: Jan 2006
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-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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Perihelion Global Secures Purchase of 24 Tons of Feedstock; Chooses Purolite for Phase One Refinery
WILMINGTON, DE and SANTA ROSA BEACH, FL, Mar 11, 2008 (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 prepaid for initial delivery of 24 tons of feedstock to be received within 7 days at the Company's Phase One Refinery in Opp, Alabama. As recently announced, Perihelion reached an agreement with Griffin Industries to supply certain feedstocks for use with Perihelion's BioFuels Division. Perihelion and Griffin management moved expeditiously to secure the initial purchase agreement, which will bring a substantial quantity of high-quality feedstock to the nearly completed Phase One Refinery location in Opp, Alabama. The supply of feedstock is believed ample to begin initial production immediately following completion of construction, which management anticipates should occur during the current calendar month.
The Company and its contractors are currently finalizing the interior components of the refinery, including the on-site laboratory and internal electrical and mechanical mechanisms. Management notes that at the conclusion of construction, the Company will process several evaluation BioDiesel batches to ensure they meet the highest quality standards. Securing a significant amount of feedstock prior to the refinery's completion has enabled the Company to create a seamless transition path to a production environment. Prepayment of this purchase protects the Company from unexpected agricultural/commodities increases and allows for more detailed initial laboratory work.
To make certain the Company will be producing the highest-quality BioDiesel available, Perihelion has chosen Purolite Biodiesel Purification Adsorbent for use at its Phase One Refinery. Purolite is a dry polishing media specifically formulated for removing by-products remaining after transesterifcation to produce BioDiesel. Purolite's PD206 ION exchange resin will enable the Company's finished BioDiesel product to meet ASTM/EN specifications by removing residual glycerin, water, and trace methanol, among other key properties. The Company recognizes Purolite as an industry-leader in this field, and management analysis concluded Purolite to be the superior and most cost-effective choice for the needs of the Phase One Refinery.
Investors are apprised that the Company has purchased the feedstock and Purolite products outlined in this release with funds created from the issuance of equity. The Company has incurred no debt as a result of these purchases, and continues to maintain a strong policy of utilizing its share capital to acquire assets and operations that will best create future revenue and earnings.
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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Up 16% yesterday. Everything at the ask today. Oil at 108.00 a barrel. Gas at the pump at well over 3.00. A govt subsity for bio-fuel. Does this look good or what? Am I missing something?
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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Revised: Perihelion Global Secures Purchase of 24 Tons of Feedstock; Chooses Purolite BioDiesel Purification for Opp Refinery
WILMINGTON, DE and SANTA ROSA BEACH, FL, Mar 11, 2008 (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 prepaid for initial delivery of 24 tons of feedstock and drywash ION exchange resins. It is expected that the feedstock will be received at the Company's Phase One Refinery in Opp, Alabama within 7 days. As recently announced, Perihelion has secured certain feedstock supplies from Griffin Industries for use with Perihelion's BioFuels Division. The purchase of feedstock should allow the Company to begin initial production following assembly of the initial refinery components on Phase One of the Opp Biofuel Refinery. Management anticipates initial assembly of the refinery components to allow production to occur will be completed during the current calendar month.
Perihelion has chosen Purolite Biodiesel Purification Adsorbent for use at its Phase One Refinery. Purolite is a dry polishing media specifically formulated for removing by-products remaining after transesterifcation to produce BioDiesel. Purolite's PD206 ION exchange resin will enable the Company's finished BioDiesel product to meet ASTM/EN specifications by removing residual glycerin, water, and trace methanol, among other key properties.
The Company purchased the feedstock and Purolite products outlined in this release with funds raised from the issuance of equity. The Company incurred no debt as a result of these purchases.
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 the 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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THeir in the bio-diesel market now, wow that's a 180 deg. buisness shift.![[Smile]](smile.gif)
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