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PHGI .19 Perihelion Global and W.R. Taylor & Company, LLC Sign US $24 Million Bond-Financing Agreement for BioFuel Refinery

Market Wire "US Press Releases "

WILMINGTON, DE and SANTA ROSA BEACH, FL and MONTGOMERY, AL -- (MARKET WIRE) -- 02/22/07 -- Perihelion Global (PINKSHEETS: PHGI), 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."

Jason Grubbs, Managing Director of Corporate Finance for W.R. Taylor & Company, stated, "We are pleased Perihelion has selected W.R. Taylor & Company to manage and underwrite a $24,000,000 bond issue to finance the Opp, Alabama bio-diesel production facility. Having completed similar financings for renewable fuels projects in the Southeast and Mid-West, we look forward to a successful closing for the Alabama plant in the coming months and expanding our firm's renewable fuels portfolio."

Brian Charlesworth, Sr. Vice President of Strategic Business Development for Perihelion Global, stated, "We are excited about the levels of support our Opp, Alabama BioFuel Refinery is generating and are pleased W.R. Taylor & Company has chosen to partner with us to help enable its completion."

About W.R. Taylor & Company, LLC

W. R. Taylor & Company's investment banking division has developed specialized expertise in identifying environmentally related expenditures associated with industrial and commercial processing facilities that may qualify for tax-exempt industrial revenue bond financing. By virtue of its knowledge in the corporate finance markets, W. R. Taylor & Company has become a leader in providing bond financing services to agri-businesses and middle market industries.

As an investment banking boutique dedicated to the Industrial Revenue Bond and Note market, W. R. Taylor & Company specializes in developing transactions with capital requirements ranging from $1 million to $100 million.

For more information, visit: http://www.wrtayco.com/

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 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.

Contacts:
John H. Beebe
Chairman, Chief Executive Officer & President
Perihelion Global
866-748-7610 (Toll Free) x 719
[e-mail]