PHI Group Inc (PHIL)

[silberesel]

PHIL is a big SCAM.............look at AXNGROUP

Mr. Allen WU......Henry's SCAM-friend....

You know the following companies????????????

http://axngroup.com/6.html

COAL

PHI Energy Corporation (PEC) is an AXNG majority owned global coal basket company, with ownership and operations of coal mines, trading of coal, and value add coal processing technologies. PEC's current focus is Colombia. In addition to its own coal mines, PEC also considers joint ventures and joint operations to diversify sources of supply to satisfy its offtake obligations.

OIL & GAS

PHI Oil & Gas Ltd (POG) is AXNG portfolio company domiciled in Singapore.

PRECIOUS METALS

TriCon Gold Corporation (TCG) is AXNG's leading gold mining company. In addition to gold, silver and PGM are explored.



this could be CATA and the other HF-related partnerships....

AXNG and partners use patented and/or patent pending technologies plus knowhows for environmentally friendly and efficiency boosting technologies and processes for various mining applications, including coal treatment and gold/PGM extrations.

Mineral extraction technologies

Optimized oil extraction

Waste to energy

2711 Centerville Road, Suite 400, Wilmington, DE 19808, USA

11432 South Street, #628, Cerritos, CA 90703, USA

Voice +1.562.219.2322

Facsimile +1.562.684.4153

email: [e-mail]


PHILand Ranch Subsidiary to Recapitalize and Engage in Oil and Gas Business


LOS ANGELES, SINGAPORE and FRANKFURT, Germany, April 28, 2011 /PRNewswire/ -- PHILand Ranch Ltd (Frankfurt:1P8), a majority owned subsidiary of PHI Group, Inc. (OTCQB:PHIE), a company engaged in consulting services, real estate development, mining and energy, announced today that its wholly owned subsidiary PHI Oil and Gas Ltd (POG), a Singapore public company limited by shares, has signed an agreement with AXN Group, LLC (AXNG), a Delaware corporation, to recapitalize and engage in independent oil and gas business activities.

According to the agreement, AXNG will organize, arrange, acquire and contribute oil and gas properties, assets and business opportunities across the upstream, midstream and downstream sectors to POG. In particular, AXNG will immediately introduce and arrange certain oil and gas properties, assets and business opportunities from China, Chile, Indonesia, Philippines, Sierra Leone, Thailand and Vietnam for acquisition by or joint venture and strategic alliance with POG. POG shall serve as the holding entity to finance and manage all such properties and businesses through its subsidiaries and affiliates.

As part of the restructuring, AXNG and its affiliates will own 70%, PHI Group will own 15% and PHILand Ranch will own 15% of POG. PHI Oil and Gas Ltd, which recently changed its name from PHI Medical Ltd, will be responsible for listing its shares on the Singapore Stock Exchange as soon as practical, but no later than six months following the acquisition of any oil and gas properties, assets or businesses through arrangements with AXNG. PHI Group will continue to pursue its healthcare initiatives in Southeast Asia through a strategic alliance to be announced in the near future.

Allen Wu, Managing Member of AXNG, said, "Since we have successfully assembled a portfolio of substantial oil and gas assets across all the sectors, we believe our cooperation with PHI Oil and Gas will create very significant value for shareholders of both companies."

Henry Fahman, Chairman of PHI Group, Inc., concurred, "We are confident that the restructuring of PHI Oil and Gas and the cooperation with AXNG will be good for both companies."

About PHI Oil and Gas Ltd

Founded originally in 2009 as a Singapore public company limited by shares, PHI Oil and Gas Ltd aims to engage in the area of independent oil and gas, including but not limited to acquisition, exploration, exploitation, development, production of crude oil and natural gas properties, and sale and distribution of refined oil products, primarily in Asia with reach into Latin America and West Africa.

About AXN Group

AXN Group LLC (AXNG), founded in 1997, has been a global investor in natural resources sector, encompassing oil & gas, forestry/timber, and mining. In the mining area, AXNG focuses on gold, coal, iron ore/iron sand, nickel and copper, with significant projects across the Americas, Africa and Association of South East Asian Nations (ASEAN, including Philippines, Myanmar, Laos, Cambodia, Vietnam, Malaysia, Thailand, Brunei, Indonesia and Singapore). For further information, inquire at [e-mail].

About PHI Group

PHI Group (OTCQB:PHIE) provides M&A advisory and consulting services, develops real estate, engages in mining and energy, and invests in special situations. PHI Group takes companies public in the U.S. and international stock markets through its subsidiaries PHI Capital Holdings Inc. and PHI Vietnam Holdings Ltd (www.phiholdings.com) , develops real estate through PHILand Ranch Ltd (www.philandranch.com, Frankfurt:1P8), participates in coal mining through PHI Energy Corporation (www.phienergycorp.com), and engages in independent oil and gas activities through PHI Oil and Gas Ltd and in gold mining through PHI Gold Corporation (www.phigoldcorp.com, Pinksheets:PHIG). Website: www.phiglobal.com.


February 08, 2011 08:30 ET
PHI Group Subsidiary to Recapitalize and Engage in Coal Mining and Trading

LOS ANGELES, CA and FRANKFURT, GERMANY--(Marketwire - February 8, 2011) - PHI Group, Inc. (OTCBB: PHIE) (FRANKFURT: PR7) (XETRA: PR7), a company engaged in consulting services, real estate development, mining, and energy, announced today that its wholly owned subsidiary PHI Energy Corporation (PEC) has signed an agreement with AXN Group, LLC (AXNG), a Delaware corporation, to recapitalize and engage in coal mining and trading.

According to the agreement, AXNG and PEC will organize and arrange for sale and purchase of coal and other energy-related commodities between international sellers and buyers through PEC. In particular, PEC will engage in coal mining and coal trading in Southeast Asia, China, India, South America and South Africa. As part of the restructuring, AXNG will own 68% of PEC, PHI Group will own 27%, and 5% will be distributed as a special dividend to shareholders of PHI Group. PHI Group will be responsible for listing PEC shares on the OTCBB or a senior exchange in the U.S. stock market after six months of successful operations.

Allen Wu, Managing Member of AXNG and Chairman of PEC, stated: "As coal has been and will continue to be a key form of energy for steel mills and power plants, PEC aims to play a meaningful role supported by large long term offtake contracts."

Henry Fahman, Chairman of PHI Group, Inc., said, "We are delighted to cooperate with AXNG in this energy initiative and look forward to generating significant economic benefits for shareholders of both companies. We also plan to reorganize our other subsidiaries including Provimex, Inc., Touchlink Communications, Inc., E-check Recovery, Inc., and Irvine College of Medical Sciences, Inc. and to register previously distributed dividend shares to create value for Phi Group shareholders in the coming months."