PHI Group Inc (PHIL)

[prof]

from PHIL PR

"...The Company is in the process of acquiring a 408-acre farm in Holmes County, Florida, which is a qualified Targeted Employment Area, as defined by the EB-5 Investor Visa Program of the U.S. Citizenship and Immigration Services. The Company plans to provide opportunities for international investors to become U.S. permanent residents by investing $500,000 each directly in its farming program...."

This goes beyond win/win - it's a triple win.

For the investors who want to become permanent US citizens, they have a win.
For PHIL, the "investment" goes toward covering he cost of the farm.
For USA, a double benefit:
1) it brings capital to the USA
2) it provides jobs for the local area workers

prof