American Pacific Resources Launches GILDEX Blockchain Coins for Gold Industry, Estimated to Bring Upwards of $1 Billion Value in the Coming Year
Feb 01, 2018
OTC Disclosure & News Service
New York, NY, Feb. 01, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc., (www.phiglobal.com) (OTCQB: PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, announced today that American Pacific Resources, Inc. (www.aprgold.com), a wholly owned subsidiary of the Company, has completed its plan for the world’s first gold exchange based on smart contracts using blockchain technology. This could be the most significant development in its corporate history that promises to bring about an immediate monumental turnaround and create unprecedented value for the Company.
We believe that the launching of GILDEX will propel the Company to a continuous path of growth and profitability. The Coin is estimated to bring upwards of $1 Billion value in the coming year.
GILDEX Coin is a cryptocurrency leveraging technology and capital to bridge the gap between gold producers and consumers. GILDEX is a game changer that brings complete transparency to the gold industry by using the blockchain technology to enable investors to get access to physical gold for about half of the spot price. The GILDEX Coins will be available to the public in the next few weeks.
The Company is considering options to provide meaningful rewards to our shareholders in the coming months when American Pacific Resources has reached certain significant milestones.
Henry Fahman, Chairman and CEO of PHI Group, stated:” We are excited to take advantage of the blockchain technology to deliver significant value for consumers and investors by bridging the gap between gold producers and end users. We are confident that GILDEX will be able to propel the growth and expansion of American Pacific Resources far beyond our recent estimates and greatly benefit our shareholders in the years to come.”
PHI Group Updates on Industrial Park, Greenhouse, Medical Cannabis and Wellness Treatment Resort Projects in Transylvania, Romania
Jan 30, 2018
OTC Disclosure & News Service
NEW YORK, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- PHI Group, Inc., (www.phiglobal.com) (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, announced today that it has finalized the terms and conditions for the definitive agreement with its Transylvanian partner in order to close this joint venture transaction in the next few weeks.
According to the development plan, the Company will use a Romanian subsidiary to build an industrial park, 5-MW to 50-MW gas-fired clean energy fully integrated power plant in stages, 30 hectares of greenhouses, and a wellness treatment resort center in Transylvania, Romania. Projected revenues for this combined program are expected to exceed $150 million for FY 2019.
For the greenhouses, the Company will focus on growing organic medicinal plants such as medical cannabis, lingzhi mushroom (ganoderma lucidum), wild bitter melon (momordica charantia),saffron (crocus sativus), and other precious herbs that can be used for medical purposes and command much higher prices than regular crops. We intent to incorporate our PHI EZ Water's water enhancement systems (www.phiezwater.com) and Abundant Farms' organic fertilizer for the greenhouse operations.
The Wellness Resort center will cater to tourists and people who seek holistic, natural medical treatments. We have partnered with Tho Xuan Duong Co., a 400-year-old traditional medicine company, (http://www.thoxuanduong.com/) to make natural treatment services available to users at this resort location. Greater details about the wellness treatment resort will be provided after the closing of this transaction.
Henry Fahman, Chairman and CEO of PHI Group, stated:" We are privileged and grateful to have received strong support and encouragement from the Transylvanian local and central governments. Since these projects are considered green, they are eligible for non-recourse funding from the European Union. In addition, we plan to finance them through a Luxembourg fund and may also utilize additional financing from major European banks."
Horace Horumba, President of PHI Group Eastern Europe, added:" We are pleased to have concluded our due diligence and decided to move forward with the first stage already under process, opening a PHI Group's subsidiary in Romania. We are also honored to pioneer a fully integrated process from cogeneration plant, greenhouse and production facilities for nutritional and pharmaceutical products. Hence, our plans for the Wellness Resort will compliment and add a great value for market segmentation in the European Union for our products & services. With our long standing partnerships and diversified investments such as organic fertilizer production, PHI EZ Water and Tho Xuan Duong Co., we will be able to integrate perfectly in a process to create value for the company as we serve Romania as well as a conduit for European Union markets."
PHI Group Reports Sale Revenues and Provides Updates on Transformational Corporate Developments
Jan 26, 2018
OTC Disclosure & News Service
New York, NY, Jan. 26, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc., (www.phiglobal.com) (OTCQB: PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, announced today that it has recorded $432,000 in revenues from the first shipment of American Pacific Resources, Inc.’s (www.aprgold.com) gold concentrates for the quarter ended December 31, 2017 and expects to recognize more than $6 million from additional shipments for FY 2017 ending June 30, 2018. The Company also expects to exceed conservative estimates of $53 million in revenues for FY 2018 and $107 million for FY 2019 from APR gold processing using proprietary Hymax technology.
With respect to the cannabis industry, since the Company’s announcement regarding PHI EZ Water’s products (www.phiezwater.com) on October 17, 2017, the Company has actively worked with cannabis growers in the U.S. and Canada, including GrowersNetwork (http://growersnetwork.org/), to provide our proprietary water enhancement systems that may reduce water consumption by up to 30% and fertilizer usage by 30%-50% while boosting cannabis crop yields by 30%-50%. PHI EZ Water’s conservative projected revenues from sales of water enhancement systems are $12,500,000 for FY 2018 and $25,000,000 for FY 2019. The Company will also use the water enhancement systems to grow medical marijuana and medicinal plants for its greenhouse project in Transylvania, Romania, which is expected to add significant revenues and profitability.
In addition, the Company has been working on a number of crucial projects in the recent months which can potentially transform the company in extraordinary ways in the very near future, including institutional bank funds, cross-border acquisitions, and burgeoning hot industries such as blockchain and crytocurrencies, etc. The Company will update on further progress regarding these subject matters in the coming weeks, including financial plans and conceivably substantial impact on future operating results.
About PHI Group xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
PHI Group (www.phiglobal.com) primarily focuses on mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value. PHI Group also provides M&A and consulting services through its wholly owned subsidiary, PHI Capital Holdings, Inc. (www.phicapitalholdings.com)
PHI Group Partners with Vietnamese Bio-Organic Fertilizer Producer
Jan 11, 2018
OTC Disclosure & News Service
New York, Jan. 11, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc., (www.phiglobal.com) (OTCQB: PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, announced today that it has signed a Memorandum of Understanding (“MOU”) with Vietnam Green Agriculture Company, Ltd. (“VinaXanh”) to cooperate in the manufacture and sale of bio-organic fertilizer products developed by VinaXanh, both in Vietnam and in international markets.
VinaXanh has successfully formulated and tested proprietary bio-organic fertilizer and obtained the required governmental licenses to produce about half a dozen products using amino acids, peptides, fulvic acid, organic chelates, and other organic ingredients. VinaXanh fertilizer products have been effectively applied to numerous plants and crops in Vietnam, including black pepper, coffee, orange, lime, tangerine, grapefruit, jackfruit, dragon fruit, red pepper, tea, rice, etc. and have been granted fifteen different awards for excellence from 2015 to 2017. VinaXanh fertilizer has shown to be especially potent in combatting the deadly greening disease, which reportedly infected 80 percent of citrus trees in Florida in 2016 and made a huge dent in the state’s $10.7 billion citrus industry.
PHI Group intends to work with VinaXanh to boost the production and sale of these bio-organic fertilizer products in Vietnam and also integrate certain applicable aspects of VinaXanh’s methodologies into Abundant Farms, Inc.’s organic fertilizer program in the U.S. and Romania. In addition, the Company plans to incorporate the special water treatment system by PHI EZ Water Tech, Inc., a subsidiary of PHI Group, (www.phiezwater.com) with VinaXanh’s products to optimize plant health and crop yields for farmers in Vietnam.
On another note, Lam T. Duong, Chief Technology Officer of Abundant Farms, Inc. (also a subsidiary of PHI Group, Inc.) has successfully developed and produced bio-organic fertilizers by incorporating certain live microorganisms such as beneficial bacteria, resistant fungus, bionematicide fungi, and micronutrient-rich organic ingredients to increase plant’s abilities to resist adverse conditions for all crops to improve soil nutrients, environment, crop yields and quality of products.
PHI Group Sets Up Subsidiary to Invest in Broadband Communications Company
Jan 09, 2018
OTC Disclosure & News Service
New York, Jan. 09, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc., (www.phiglobal.com) (OTCQB: PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, announced today that it has signed an Investment Agreement to acquire a high-speed broadband communications company (“Investee”) and is in the process of forming a special purpose vehicle (“SPV”) under the name of Matrix Communications, Inc., as the holding company to finance and implement this undertaking.
According to the Investment Agreement, Matrix Communications will acquire all ownership and rights of the Investee in connection with high-speed broadband networks and related supporting assets to serve government, commercial and consumer telephony, data and video needs in a pre-designated West Central African country as the first point of entry into the African Continent. Matrix Communications’ authorized capital will include 600 million shares of Common Stock and 300 million shares of Preferred Stock. PHI Group will be the sole holder of Common Stock in the SPV initially and will retain fifteen percent equity interest thereof following the capitalization plan.
The Investment Agreement is scheduled to close on or before January 15, 2018, unless extended by mutual consent of both parties to the Agreement.
The principals in the Investee have decades of experience in all facets of designing, implementing, installing and operating commercial grade high-speed broadband networks, integrating wireless and wireline technologies to serve telecommunications and internet demands in a variety of geographies. The Investee also has innovative BPL (broadband-over-powerline) technologies that can be integrated into any network or used to create a true smart grid, which enhances the integration of renewable energy sources. The Investee is also working on significant telecom opportunities in Europe and the US.
Henry Fahman, Chairman and CEO of PHI Group, Inc., stated: “We are pleased to engage in this opportunity to provide much needed high-speed broadband services to serve government, commercial and consumer telephony, data and video needs in Africa and believe that our program will not only help improve the quality of life in this continent but also provide meaningful economic returns to our investors and shareholders.”
PHI Group Signs Agreement to Build Industrial Park, Clean Energy Power Plant and Greenhouses in Transylvania, Romania
Jan 02, 2018
OTC Disclosure & News Service
New York, Jan. 02, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc., (www.phiglobal.com) (OTCQB: PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, announced today that it has signed a Memorandum of Understanding (“MOU”) with a Romanian company to build an industrial park, clean energy power plant and greenhouse facilities for organic agriculture and medicinal plants in Transylvania, Romania.
According to the MOU, PHI Group and the Romanian joint venture partner will enter into a definitive agreement to consummate this transaction by the end of January 2018. PHI Group is committed to building a 50-MW gas-fired power plant, a minimum of 10 hectares of greenhouses for organic farming and medicinal plants, and an industrial park together with manufacturing and healthcare facilities.
The Company intends to finance this project through one of the sub-funds to be set up in Luxembourg during the first quarter of 2018 and may also utilize additional financing from certain European banks. Further details will be disclosed after the signing of the definitive agreement.
Transylvania region is rich in mineral resources, including gold, copper, natural gas, salt, and sulphur. Stock raising, agriculture, wine production and fruit growing are important occupations. Agriculture is widespread in the Transylvania Plateau, including growing cereals, vegetables, viticulture and breeding cattle, sheep, swine, and poultry. ??
Henry Fahman, Chairman and CEO of PHI Group, Inc., stated: “We are excited to work with our Romanian joint venture partner on these projects and believe the Luxembourg bank fund structure can be a very useful financing mechanism to support these kinds of investments. In addition, we have also received favorable indication of interest from certain European banks.”
Horace Horumba, President of PHI Group Eastern Europe, concurred:” We are pleased to engage in these operations, whereby we can take advantage of the geographical rich land resources in a prosperous partnership process with the local authorities and local businesses communities. Our focus is one hundred percent (100%) renewable energy and green technologies implementation towards our technological production facilities.” Horace added: “ We believe whole-heartedly in investing into sustainable green developments which will pay great dividends for the local communities and ensure a prosperous future for our immediate and long term plans.” xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
American Pacific Resources Begins Shipping Gold Ore Concentrates
Dec 19, 2017
OTC Disclosure & News Service
NEW YORK, Dec. 19, 2017 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com) (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture, and special situations, announced today that its subsidiary American Pacific Resources, Inc. (“APR”) (https://aprgold.com/) has begun shipping gold ore concentrates.
APR has shipped 2,400 pounds of gold ore concentrates and will be able to report revenues from this transaction for the quarter ended December 31, 2017. Furthermore, APR plans on continual shipping of gold concentrates while ramping up production.
The Company expects to report additional shipments and revenues from APR in the coming weeks along with other significant corporate developments. TWITTER: https://twitter.com/PHIGROUP Latest Tweets:
WEBSITE & RELATED SCREENSHOTS
As of October 13, 2017, the Company owns:
100% of PHI Capital Holdings, Inc., a Nevada corporation
100% of American Pacific Resources, Inc., a Wyoming corporation
100% of Abundant Farms, Inc., a Florida corporation
100% of PHI Group Regional Center, LLC, a Florida limited liability company
100% of Constructii SA Group, Inc., a Delaware corporation
100% of Phivitae Corporation, a Wyoming corporation
75% of PHI EZ Water Tech, Inc., a Wyoming corporation
Memorandum of Understanding (“MOU”) with Aquarius Power, Inc. (“AQP”), a Texas company, to provide renewable energy technology
PHI has also made an investment to become a strategic shareholder of AQP and will continue making additional investments in the near future
Master Business Cooperation Agreement with Tho Xuan Duong Joint Stock Company
Business Cooperation Agreement with TNB Vietnam JSC
Business Cooperation Agreement with Nathan Trading Company Ltd
Definitive agreement to acquire 51% of Maxagro SRL
“Contract for Transfer of Shares” (“Contract”) to purchase 51% of equity ownership in Constructii SA
Memorandum of Agreement to acquire a minimum of 51% interest in Hoang Minh Chau Hung Yen LLC
Definitive contract to acquire a 408-acre farm in Holmes County, Florida, U.S.A.