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Sunday, 12/05/2010 6:53:26 AM

Sunday, December 05, 2010 6:53:26 AM

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Daniel St. John, corporate strategist of PHI Group, Inc., stated: "The closing of the Maisy Mae Creek acquisition provides us with a producing platform to create substantial value for our shareholders and related stakeholders. We are also in discussions for additional acquisitions and look forward to updating our shareholders and investors with new developments in the coming weeks
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