PHI Group Inc (PHIL)

[crazy horse 0]

2025 how about NOW

PHI Group Cooperates with Danang Rubber JSC and Tin Thanh Group to Increase Production and Execute Innovative Sales and Marketing Program Targeting USD 5.5 Billion Revenue Goal by 2025.
By GlobeNewswire
— 2:30 AM ET 06/23/2022

New York, June 23, 2022 (GLOBE NEWSWIRE) -- PHI Group, Inc. (PHIG.NaE) (www.phiglobal.com, PHIL), a diversified holding company currently sponsoring PHILUX Global Funds (a group of Luxembourg bank funds), developing the Asia Diamond Exchange project (“ADE”) in Vietnam, engaging in mergers and acquisitions and investing in special situations (www.co2-1-0.io), is pleased to announce that the Company has jointly inked an agreement with Danang Rubber Joint Stock Company (DRC) (https://drctire.com/) and Tin Thanh Group (TTG) (https://tinthanhgroup.vn/en/) to cooperate in increasing DRC’s tire production and executing an innovative sales and marketing program targeting annual revenues of 5.5 billion dollars by 2025.

The DRC-TTG truck tire leasing service program with complete multi-function and insurance package will provide the following distinctive benefits to the consumers:

Smart tires with mounted chips to track and manage journey.
Saving of 10-20% compared to buying tires.
No cost to change tires.
No environmental fees when replacing old tires.
No need to pay for periodic tire maintenance checks.
No need to pay for buying tires when changing new tires.
No need to pay for tire insurance.
No increase in fuel or lubricant consumption compared to before using this service.
Tires use clean and renewable energy thus also benefiting the environment.

Tin Thanh Group is a pioneer conglomerate with decades of experience in providing renewable energy and reducing global emissions covering the following fields: Environment, Energy, and Closed Circular Agro-Industrial Energy. It is supplying energy from renewable fuels to more than 40 industrial plants in Vietnam and around the world. The company specializes in sustainable development of closed circular agro-industrial energy by growing sorghum crops in order to create a clean energy source and reduce global emissions. It also transforms old waste dumps into new environmentally friendly urban residential areas. Tin Thanh Group currently holds 10 patents and 10 new valuable industrial solutions yet to be registered for patents. https://drive.google.com/file/d/1ipLNCaKkqxxK3m5xhUEjKI2iBpA6nC4o/view

DRC (https://drctire.com/) is the leading manufacturer of truck and passenger car tires in Vietnam and super heavy duty OTR tires in Southeast Asia. It is the most famous and prestigious brand in Vietnam which always grasps the development trend in the world and aspires to promote the export of tire product lines to potential international markets, strongly expanding and developing traditional tire products to serve the diverse needs of customers. The company continues to apply new advanced technology of the world to produce high-quality products at competitive prices to provide practical benefits to customers and make positive contributions to the economic development of Vietnam.

Mr. Tran Dinh Quyen, Chairman and Chief Executive Officer of Tin Thanh Group, stated: “We believe the cooperation among DRC, PHI Group (PHIG.NaE) and Tin Thanh Group is a predestined rendezvous at the right time to accelerate the fulfillment of a very innovative, well-planned program that will surely benefit a myriad of consumers and create tremendous value for all three companies and our shareholders. We are confident that by 2025 we can generate USD 5.5 billion in revenues from this program.”

Mr. Le Hoang Khanh Nhut, General Director of DRC, confirmed:” As we capitalize on the strengths of each and all parties, the expertise and experience in advanced manufacturing of DRC, the innovation of sales, marketing, product positioning and operation of TTG, and PHI’s international network of capital access, we are confident that we can provide high quality products at competitive prices to deliver meaningful benefits for consumers and make positive contributions to economic development for our respective countries.

Mr. Henry Fahman, Chairman, Chairman and Chief Executive Officer of PHI Group, Inc. (PHIG.NaE), concurred: “We are delighted to partner with Danang Rubber Company and Tin Thanh Group to accelerate the execution of this exciting program and look forward to creating very significant value for all three companies, our shareholders and the global community.”