Perihelion Global Executes Asset Purchase Agreement to Formally Acquire Patented Gold Mine Holding Gold Reserves of $745 Million USD From Saturday Night, LLC
http://biz.yahoo.com/pz/061219/110743.html
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Perihelion Global Acquires FCC Broadcast Stations
Wednesday December 27, 3:11 pm ET
WILMINGTON, Del. and OGDEN, Utah, Dec. 27, 2006 (PRIME NEWSWIRE) -- Perihelion Global (Other OTC:PHGI.PK - News) announced that the corporation will acquire two FCC licensed broadcast facilities, both in the Southeastern United States. The acquisitions of 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 will mark the official launch of Perihelion's Communications Division. WCMA-AM is one of the most powerful FCC licensed broadcast stations in North America and is licensed to broadcast its signal at the maximum power (50,000 watts) allowed AM stations under FCC Regulations.
http://biz.yahoo.com/pz/061227/110991.html
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Perihelion Global Completes Acquisition of Patented Gold Mine With Gold Reserves of $745 Million From Saturday Night, LLC
Thursday January 4, 12:31 pm ET
WILMINGTON, Del. and SALT LAKE CITY, Jan. 4, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Other OTC:PHGI.PK - News) 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).
http://biz.yahoo.com/pz/070104/111242.html
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Perihelion Global Receives Initial FCC Approval for Acquisition of Radio Broadcast Stations
Wednesday January 10, 5:41 pm ET
WILMINGTON, Del. and SANTA ROSA BEACH, Fla., Jan. 10, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Other OTC:PHGI.PK - News) 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.
http://biz.yahoo.com/pz/070110/111708.html
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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
Wednesday January 17, 12:03 am ET
OPP, Ala. and SANTA ROSA BEACH, Fla., Jan. 17, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Other OTC:PHGI.PK - News) 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.
http://biz.yahoo.com/pz/070117/111990.html
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Perihelion Global Receives Additional Financial Incentives From the City of Opp, Alabama, Covington County, Alabama and the State of Alabama to Construct BioFuel Refinery
Thursday January 18, 5:42 pm ET
OPP, Ala. and SANTA ROSA BEACH, Fla., Jan. 18, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Other OTC:PHGI.PK - News) 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.
http://biz.yahoo.com/pz/070118/112125.html
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Perihelion Global to File Mining Permits With the State of Utah Department of Natural Resources; Division of Oil, Gas & Mining on Patented Gold Reserves of $745 Million
Friday January 19, 4:27 pm ET
WILMINGTON, Del. and SALT LAKE CITY, Jan. 19, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Other OTC:PHGI.PK - News) announced that the corporation has completed the applications to grant permits to conduct small scale mining operations on its patented Gold Mine (U.S. BLM Patent Claim No. 5797) in Box Elder County, Utah. The applications are to be formally filed with the State of Utah Department of Natural Resources, Division of Oil, Gas & Mining in Salt Lake City.
Perihelion Global anticipates formal approval to begin small scale mining of 5 acres or less on Patent Claim No. 5797 will be granted within 3 weeks. Patent Claim No. 5797 has been assayed in separate geological reports to have 1,277,950 oz of Gold deposits, currently worth more than $745 Million USD ($745,000,000.00) and is on private land owned by Perihelion Global.
Perihelion Global's Patent Claim No. 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 No. 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 No. 5797 is posted on the Perihelion Global website http://www.perihelion.com for public viewing.
http://biz.yahoo.com/pz/070119/112194.html
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Perihelion Global BioFuel Refinery to Benefit From Proposed Mandatory Alternative Fuels Standard Outlined in State of the Union Address by President Bush
OPP, Ala. and SANTA ROSA BEACH, Fla., Jan. 24, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Other OTC:PHGI.PK - News) today announced that in the annual State of the Union address, President George W. Bush proposed a mandatory alternative fuels standard to require 35 Billion gallons of renewable and alternative fuels in annual production by 2017 specifically including BioDiesel. President Bush stated, ``For too long our nation has been dependent on foreign oil. And this dependence leaves us more vulnerable to hostile regimes, and to terrorists -- who could cause huge disruptions of oil shipments, raise the price of oil and do great harm to our economy.'' Adds President Bush, ``It is in our vital interest to diversify America's energy supply.'' ``We need to press on with battery research for plug-in and hybrid vehicles, and expand the use of clean diesel vehicles and biodiesel fuel.'' The proposed fuels standard was part of a larger agenda of asking Congress to help in pursuing 'A Great Goal,' by reducing gasoline usage in the United Stated by 20 percent within the next ten years.
http://biz.yahoo.com/pz/070124/112412.html
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Prominent State and Local Officials Attend Perihelion Global Biofuel Refinery Groundbreaking
Tuesday January 30, 11:50 am ET
WILMINGTON, Del. and OPP, Ala., Jan. 30, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Other OTC:PHGI.PK - News) is pleased to announce that on Monday, January 29th, the company successfully broke ground on its first biofuels refinery located in Opp, Alabama. The plant, scheduled to be producing in 2008, is drawing wide support from both state and local officials, as evidenced by the impressive list of guests to the morning event.
http://biz.yahoo.com/pz/070130/112738.html
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Perihelion Global Files Application With U.S. Dept. of Agriculture for BioFuel Refinery Feedstock Storage
Wednesday January 31, 10:55 am ET
WILMINGTON, Del; OPP, Ala., Jan. 31, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Other OTC:PHGI.PK - News) announced that the corporation has filed a Uniform Grain and Rice Storage Agreement (UGRSA) application with the U.S. Dept of Agriculture to enable Perihelion Global to purchase and store feedstock grain supply for its BioFuel Refinery in Opp, Alabama. The applications have been formally filed with the U.S. Dept of Agriculture Commodity Credit Corporation (CCC) Commodity Management Division.
http://biz.yahoo.com/pz/070131/112831.html
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Perihelion Global Board of Directors Approves Resolution to Reduce Authorized Shares by 98%
Friday February 2, 12:06 pm ET
WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Feb 2, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News) today announced that its Board of Directors has reached unanimous consent to approve a 98% reduction in the company's authorized shares from approximately 30,000,000,000 to 500,000,000.
http://biz.yahoo.com/iw/070202/0210830.html
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Perihelion Global Completes Acquisition of Radio Broadcast Stations
Thursday February 8, 2:05 pm ET
WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Feb 8, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News) announced that the company has completed the 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.
http://biz.yahoo.com/iw/070208/0213266.html
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Dear Fellow Shareholders,
It has been less than four months since we completed our acquisition of Vision Works Media Group, and we're happy to report that our outlook for Perihelion's future is brighter than ever.
Over these first few months, the company has already achieved significant milestones, including the acquisition of our Patented Gold Mine in Box Elder County, Utah. The mine, and the surrounding 800 acres of land which we own the mineral rights to, contain substantial quantities of precious metals. In fact, the gold content alone (approx 1.27 million oz) is valued at over $843 Million USD at today's market prices could potentially be worth over $1 Billion USD this year if several of the analyst forecasts for gold prices come to pass. The Patented Gold Mine is a real, verifiable, and substantial asset of Perihelion Global and its shareholders -- and to help provide better public information and documentation regarding the company's assets and operations, we've begun uploading several key documents to the www.pinksheets.com site under the 'Financial Reports' section for PHGI. We encourage all interested parties to thoroughly review the material, which among other things, establishes the existence and value of the mine, as well as providing further transparency of our transaction with Saturday Night, LLC in acquiring it.
http://biz.yahoo.com/iw/070213/0214760.html
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Perihelion Global and City of Opp, Alabama, Sign Formal Agreement Establishing Terms of BioFuel Refinery
Wednesday February 14, 10:21 am ET
WILMINGTON, DE and SANTA ROSA BEACH, FL and OPP, AL--(MARKET WIRE)--Feb 14, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and communications, today announced that the company has signed a formal agreement with the City of Opp, Alabama, establishing definitive terms regarding Perihelion's $40M BioFuel refinery to be constructed in the Opp Industrial Park.
The agreement, available for public review on the www.pinksheets.com site under 'Financial Reports' for PHGI, outlines a comprehensive set of mutual promises and obligations to be fulfilled by Perihelion and The City of Opp. Under the terms of the agreement, the total acreage available to Perihelion for construction of the plant and its associated structures is approximately 53.7 acres, which Perihelion will lease from Opp at a price of $2,685 per quarter for five years. Perihelion has the option to purchase the property outright for a sum of $53,700 any time within the first five years and lease payments paid by Perihelion will be credited against the purchase price.
http://biz.yahoo.com/iw/070214/0215514.html
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Perihelion Global Retains Former United States Attorney David L. McGee of Beggs & Lane, LLP
Friday February 16, 10:51 am ET
WILMINGTON, DE, SANTA ROSA BEACH, FL and OPP, AL--(MARKET WIRE)--Feb 16, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News) 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.
http://biz.yahoo.com/iw/070216/0216569.html
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Perihelion Global and W.R. Taylor & Company, LLC Sign US $24 Million Bond-Financing Agreement for BioFuel Refinery
Thursday February 22, 11:51 am ET
WILMINGTON, DE and SANTA ROSA BEACH, FL and MONTGOMERY, AL--(MARKET WIRE)--Feb 22, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), 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."
http://biz.yahoo.com/iw/070222/0218783.html
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Perihelion Global Files Additional Mining Claims on Land Surrounding Patented Gold Mine
Tuesday March 6, 10:15 am ET
WILMINGTON, DE and SALT LAKE CITY, UT--(MARKET WIRE)--Mar 6, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News) announced that the corporation 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. Patent Claim #5797 has been assayed in separate geological reports to have 1,277,950 oz of Gold deposits, currently worth more than $823 Million US ($823,000,000.00).
The 60 acres are in addition to the 800 acres of mining claims the company successfully filed for in November 2006 that surround Patent Claim #5797. Patent Claim # 5797 and the surrounding claims on 860 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.
"We are extremely pleased to secure additional mining rights in the lands surrounding Patent Claim #5797, which we strongly believe has the potential of containing like quantities of Gold, Silver and Copper as our Patent Claim," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global.
http://biz.yahoo.com/iw/070306/0223464.html
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Perihelion Global Acquires 251 Acre Parcel From Meridian Land and Minerals, LLC Near Company's Patented Gold Mine
Tuesday March 20, 9:41 am ET
WILMINGTON, DE and SALT LAKE CITY, UT--(MARKET WIRE)--Mar 20, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), 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.
http://biz.yahoo.com/iw/070320/0228674.html
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Perihelion Global Board of Directors Approves Resolution to Reduce Authorized Shares by an Additional 50%
Wednesday March 21, 1:21 pm ET
WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Mar 21, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), 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
http://biz.yahoo.com/iw/070321/0229379.html
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Perihelion Retains Signature Leisure to Provide Investor Relation Services
Thursday March 22, 4:05 pm ET
SANTA ROSA BEACH, FL and CASSELBERRY, FL and CHAMPLIN, MN--(MARKET WIRE)--Mar 22, 2007 -- Perihelion Global, Inc. (Other OTC:PHGI.PK - News) and Signature Leisure, Inc. (OTC BB:SGLS.OB - News) jointly announced today that Perihelion has retained Signature to provide investor relation services for Perihelion.
John H. Beebe, President of Perihelion, stated, "The entire management team at Perihelion is pleased to have Signature onboard to assist with investor relations. This will enable our management team to focus on reaching new milestones in the company's overall growth. We feel confident that we can rely on the team at Signature to effectively communicate with present shareholders in addition to introducing Perihelion to others within the investment community."
Stephen Carnes, CEO of Signature Leisure, stated, "We are excited to have the opportunity to work with Perihelion. I believe Perihelion to be a company with a number of exciting projects. Perihelion has interests in the energy, natural resource and advanced communications markets. I believe that Perihelion is poised to continue to attain growth within their given marketplaces.
"We look forward to assisting Perihelion with their investor relation program. The team at Signature will strive to assist Perihelion to increase overall shareholder value as well as work to build a shareholder base for the long term," Carnes stated.
http://biz.yahoo.com/iw/070322/0229981.html
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Perihelion Global Announces Shareholder Conference Call for Monday, April 9, 2007
Wednesday April 4, 12:34 pm ET
WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Apr 4, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, announced a shareholders' conference call scheduled for Monday, April 9, 2007 at 4:00 PM EDT.
http://biz.yahoo.com/iw/070404/0235177.html
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Perihelion Global Releases Statement Concerning Recent Events
Monday April 9, 10:58 am ET
WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Apr 9, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News) ("Perihelion"), a development company with interests in natural resources, alternative energies, and advanced communications, today released a statement regarding current events.
In December 2006, Perihelion Global ("Perihelion") and Icarus Investments, Inc ("Icarus") signed an agreement ("subscription") to provide Perihelion Global $960,000 US in consideration for 5,000,000 subscribed common shares of Perihelion's stock. The funds received were to be used for corporate purposes as capital expenditures for Perihelion's Patented Gold Mine, Biofuel Refinery in Opp, Alabama, and other projects.
Perihelion Global did not receive the funds from the agreement and after numerous inquiries Icarus represented to Perihelion that it was unable to fulfill its financial responsibilities under the agreement. Perihelion lawfully demanded the immediate return of the 5,000,000 shares and Icarus and its legal counsel agreed. After a delay in returning the shares to Perihelion, Icarus subsequently disclosed that it no longer had in its possession the entire 5,000,000 shares to return to Perihelion
.http://biz.yahoo.com/iw/070409/0236280.html
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Perihelion Global Receives Returned Shares From Icarus Investments, Inc.
Tuesday April 10, 2:23 pm ET
WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Apr 10, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company has received approximately 3,957,854 shares which have been returned by Icarus Investments, Inc.
Although the company is pleased it has recovered a large portion of the share dispute involving Icarus Investments and Liberty Consulting, it will not relinquish any legal action or claim against relevant parties until the entire 5,000,000 shares are withdrawn from the open market and returned to the company. Perihelion will consult with its legal counsel to determine the best methodology of canceling all the shares returned to date.
The Company continues to appreciate the support of its shareholders and will work diligently to insure that every share is withdrawn from the open market and returned to the company in an expeditious manner.
http://biz.yahoo.com/iw/070410/0236991.html
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Perihelion Global Completes Acquisition of 299 Acres From Meridian Land and Minerals, LLC Near Company's Patented Gold Mine
Tuesday April 24, 11:49 am ET
WILMINGTON, DE and SALT LAKE CITY, UT--(MARKET WIRE)--Apr 24, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News) announced that the corporation has formally acquired a 251-acre parcel of land, including mineral rights and a previously unannounced additional 48 acres with active rail service 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 near from the company's Patent Claim #5797 and has state highway access and active rail service through a 10-acre corner section of the property along with electrical power and water. The 48-acre parcel consists primarily of frontage for an active railroad. 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).
Financial consideration to Meridian Land and Minerals, LLC for both the 251-acre parcel and the 48-acre parcel consisted of cash and restricted stock.
"The completion of this acquisition allows our company a strategic economic and operational advantage. We can now choose to either extract and process our precious metals on site, or use the property as a staging area to transport our raw ore or refined metals to market or other refiners; or combinations thereof," stated John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, "We now have complete flexibility to choose the most profitable way to extract and process our precious metals, combined with the flexibility of having several different existing modes of transportation on our property. We feel the wisdom of this acquisition will reap dividends for our company and shareholders for quite some time."
http://biz.yahoo.com/iw/070424/0243219.html
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Perihelion Global Receives Mining Permits From State of Utah Division of Oil, Gas & Mining; Engages AuRIC Metallurgical Laboratories of Salt Lake City, UT
Tuesday May 1, 9:35 am ET
WILMINGTON, DE and SALT LAKE CITY, UT--(MARKET WIRE)--May 1, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the corporation has been granted a small mining operation permit by The State of Utah Division of Oil, Gas & Mining to allow to the company to start extracting precious metals contained within its 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 in excess of $745 Million USD ($745,000,000.00).
Further, the company announced that it has engaged AuRIC Metallurgical Laboratories of Salt Lake City, Utah, an internationally recognized and certified laboratory, to conduct extensive fire assays from samples taken from the patent claim #5797. An initial report sent to Perihelion Management confirmed the previous findings of Dr Y.S Kim and subsequent verification of John Yellich, Certified Geoligists, with regards to the quantity and valuation of the in-ground reserves of patent claim #5797. The two original assay reports citing and confirming the gold reserves are also available on www.perihelion.com for public viewing, and Perihelion encourages all current and prospective investors to review the materials uploaded to the www.pinksheets.com site under 'financial reports.' Perihelion is committed to making public all additional data regarding the mine, samplings, and valuations, as soon as it they become available.
"We are making tremendous progress to be able to extract the precious metal deposits from our Patent Claim," stated John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, "The results from the fire assays done in the laboratory by AuRIC is exciting news for our company and our shareholders and serves to confirm the valuation of precious metal deposits we have previously reported. Undoubtedly, it has been a lengthy process to get to this point and we appreciate the patience and faith of our shareholders. We firmly believe that the results of our efforts will benefit our company and shareholders for years to come."
http://biz.yahoo.com/iw/070501/0246426.html
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Perihelion Global to Acquire OTC:BB Listing in Proposed Transaction
Tuesday May 8, 8:45 am ET
WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--May 8, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), 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:BB.OB - News) 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.
http://biz.yahoo.com/iw/070508/0249659.html
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Perihelion Global Held Major Press Conference Today in Opp, Alabama Updating Progress on BioFuel Refinery
Wednesday May 9, 5:11 pm ET
WILMINGTON, DE and OPP, AL--(MARKET WIRE)--May 9, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company held a major Press Conference at 12:00PM in Opp, Alabama to outline new advancements on its BioFuel Refinery project.
Interviews were given to National Network TV Affiliates NBC WFSA 12, ABC WDHN 18, CBS WAKA 8, and CBS WTVY 4 onsite at the Refinery location. WOPP AM, Opp Local cable station 6, WAMI-FM & WAMI-AM, as well as various other regional and local media outlets, were also present. Afterward, John H. Beebe, Perihelion Global Chairman, Chief Executive Officer & President, addressed the Rotary Club luncheon followed by a lengthy question-and-answer session with the general public.
The company announced an increase in the BioFuel Refinery's production capacity to 60 Million gallons a year from 40 Million based on new technology to utilize multiple sources of feedstock, including biomass and other waste products in addition to peanuts, soybeans and other vegetable oil products.
http://biz.yahoo.com/iw/070509/0250747.html
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