juanly Here just in case you missed any of the news! ===================================================== Perihelion Global CEO John H. Beebe Provides Additional Information and Disclosure Regarding Corporate Status Wednesday October 3, 1:19 pm ET WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Oct 3, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that CEO John H. Beebe provided additional information and disclosure regarding Perihelion's corporate status in a new letter to shareholders. http://biz.yahoo.com/iw/071003/0310505.html To All Shareholders, We'd like to thank everyone for their comments and questions after our informational press release last week. We're pleased that we've been able to make progress in lifting many of the preconceptions our shareholders have had, but realize that there are still additional issues we'd like to address. While shareholders have always been encouraged to contact us with inquiries, we'd like to offer this additional supplement of common questions we've received to further add transparency to our corporation and its operations. The company announced 325 million total authorized shares in the most recent letter to shareholders; can you state exactly what this meant? As announced, the company now has 325 million total authorized shares. This number includes both common and preferred shares. This has been reduced from the 30,200,000,000 (30.2 billion common, 200 million preferred) authorized shares that we inherited from Vision Works under a year ago. While we clearly stated that the 325 million authorized shares were the total shares authorized, some shareholders assumed our announcement related only to the common shares of the corporation. What is the structure of the common and preferred shares of the company? While we have drastically reduced the total authorized shares since the Vision Works merger, we have not changed the classes of common and preferred shares that we inherited. We have three classes of shares, one common and two preferred. The common shares of the company are Series A common shares authorized at 155 million shares. The first class of preferred shares is Series B, which remains authorized at 20 million shares. The Series B preferred shares are the only class of shares that have not been reduced since the Vision Works merger. Series B preferred shares continue to constitute a majority of voting rights in the company as they had previously with Vision Works. All 20 million of the Series B preferred shares are issued and outstanding. John H. Beebe is the sole owner of the Series B preferred shares, which he acquired in September 2006 in the acquisition of Vision Works. The Series B preferred shares are convertible to Series A common shares. The shares are convertible into (Series A) common stock at a ratio of 1 common share for every 4 Series B preferred shares, for a total possible conversion of 5 million common shares. The Series B preferred shares are restricted, and to date, have not been registered in any securities offering. The second class of preferred shares is Series C, which is authorized at 150 million shares. The authorized Series C preferred shares have been reduced from 180 million since the Vision Works acquisition. There are currently 69 million Series C preferred shares issued and outstanding. The shares are convertible into (Series A) common stock at a ratio of 3 common shares for every 1 Series C preferred share. The Series C preferred shares are restricted and to date, have not been registered in any securities offering. What purpose do the preferred shares serve? These preferred shares were inherited from Vision Works' share structure. The classes of preferred shares hold additional rights and privileges over the common shares of the company. This allows shareholders of these classes the opportunity to benefit from the long-term success and viability of the company, and encourages a longer-term investment in our company. Additionally, the board of directors may elect to issue dividends to our shareholders when we have adequate revenue to do so in the future. The Board of Directors may elect to differentiate future dividends by class of stock. Can the officers or directors convert their Series C preferred shares into free trading Series A common shares to sell into the open market? No. The Series C preferred shares are restricted and if any officer or director desired to convert their shares into common shares, these common shares would bear a restricted legend. The common shares would be subject to Rule-144 disclosure and sale requirements. Be advised that any future conversions also could not result in common shares being issued above the authorized common shares. Can an individual investor purchase Series C preferred shares from the company? In most cases no. The company has not offered these shares to the public in a securities offering. The shares have been made available for acquisitions (Saturday Night, LLC patent claim #5797), management and consultant compensation, and on a private, unsolicited basis to accredited investors under Reg D upon their request to the company. If the Series B preferred are potentially convertible into a total of 5 million common shares, and the Series C preferred shares are potentially convertible into a total of 450 million common shares, does the company plan to re-raise its authorized shares to accommodate every possible conversion? No. As previously stated, the company currently has 155 million authorized Series A common shares. Mr. Beebe currently has no plans to ever convert his Series B preferred shares into common; several Series C shareholders have also expressed a similar desire to withhold their potential conversions beyond any restriction periods. Additionally, as with any security, the Board of Directors can elect to register the Series C preferred shares as a separate class of securities with the Securities and Exchange Commission in the future. The Board of Directors may also elect to further reduce the company's authorized shares again, including Series C preferred. Is the company "avoiding" its common stock? No. The officers, directors and affiliates believe in the long-term viability of the company. The preferred shares had already been authorized and in some cases fully issued back through the time of Vision Works. The company also believes that this provides clarity to our shareholders that the officers and directors are not selling their personal shares into the open market. The officers and directors intend to be compensated on the long-term success of the company, not a short-term gain. What is the status of the Industrial Revenue Bond issuance for the Biofuel Refinery in Alabama? The Industrial Revenue Bond funding is available to the company as announced earlier in the year from agreement with investment bank WR Taylor. Of late, some investors may now be aware of the severe liquidity contraction affecting the world credit markets due to the continued fallout from subprime loans. This liquidity contraction has hit the commercial debt market (bonds, loans, etc.) especially hard, causing a large spike in interest rates for commercial debt. Commercial debt is generally renewed and revalued every 120-180 days on average. Lately, most commercial debt has seen a significant increase on the interest charged on the debt when being revalued. In some cases, commercial debt has been unable to be resold or revalued as a result of the liquidity crisis in the markets. The company is analyzing the ongoing conditions in the commercial debt markets to determine a responsible course of action going forward. Is the company saying it will not utilize the Industrial Revenue Bond funds now? No. Not at all. We simply want to acknowledge to our shareholders that many factors come in to play with bond financing, and the company wishes to be able to meet its financial commitments in a responsible manner. A potential large increase in the interest yield we have to pay to the bondholders is a possible factor we have to consider due to circumstances beyond our control in the financial markets. If such an event were to occur, it would impact our budget forecasts and the overall profitability of the company. These variables have to be acknowledged and planned for. The intention of management is the long-term stability of our company and viability for our Biofuel projects. We believe that success will come from the management acting as wise stewards of the company's assets. We believe that acting as a wise steward requires taking a realistic view of the present and potential future market conditions and acting accordingly. The management may elect to use a combination of multiple funding options (including Industrial Revenue Bonds) currently available to the company to minimize any potential impact from negative financial market conditions on the company. Does the liquidity crisis in the commercial debt market impact the company? Yes. It impacts most businesses in one way or another, whether public or private. While not a welcome development in the financial markets, the company has planned for these types of contingencies. When any disruptions occur in the financial markets, it is prudent to take a more cautious approach in both our short- and long-term financial planning. This is one reason why we have purchased the Western US Biofuel refinery and are relocating it to Opp, Alabama. This move should allow us to start producing Biodiesel and generating revenue by the end of this year with comparatively minor overhead costs while concurrently enabling well-planned, forward progress to continue on the larger Biofuel facility. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications. Website: http://www.perihelionglobal.com
======================================================================= Perihelion Global CEO John H. Beebe Issues Open Letter to Shareholders; Provides Status Updates and Information on Various Corporate Matters Thursday September 27, 7:11 pm ET WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Sep 27, 2007 -- (Other OTC:PHGI.PK - News) http://biz.yahoo.com/iw/070927/0308137.html To All Shareholders, We have been besieged with calls and emails regarding the unprecedented decline in our stock price. We are not aware of any event that would dramatically devalue our corporation like we've seen in recent days. We wanted to address our shareholders, as a whole, with many recurring questions we receive each and every day. What is the current share structure? As of today, there were approximately 97,500,000 common shares outstanding and we have approximately 325,000,000 total authorized shares. In light of recent circumstances, the company has petitioned our transfer agent, American Registrar & Transfer, to exempt their standard public policy of referring shareholders back to the company to confirm the authorized and outstanding shares of their clients. American Transfer & Registrar has consented to this request under the circumstances and can be contacted at 801-363-9065 to confirm the stated outstanding and authorized figures we have disclosed. Additionally, the authorized share reduction can be confirmed by calling the State of Delaware, Secretary of State, at 302-739-3073. Further, we have ordered our NOBO/OBO lists and DTCC reports to obtain an exact public float. Why did the common shares increase and now decrease? The company has previously announced that it intended to use stock to perform acquisitions. Some of the transactions were not completed for various reasons, which then required the shares allocated for the transaction to be cancelled. In addition, management has been working to cancel and void common stock where warranted. What happened to the dividend shares that Vision Works issued last year before the reverse merger with Perihelion? As we have stated previously, we inherited the share structure of Vision Works when we merged last fall. The management of Vision Works issued a restricted common share dividend to shareholders in the spring / summer of 2006. These shares were subject to the reverse split performed by Vision Works management months prior to the merger with Perihelion Global. By law, these common shares automatically became unrestricted after one calendar year and are now reflected in our current outstanding shares and public float. Are the Officers, Directors and Management selling the stock issued to them into the market? No. All officer, director and management stock compensation has been done with restricted stock. All shares issued to the officers, directors and management continue to remain restricted to date. To help alleviate market concerns, these parties have opted to exchange their restricted common stock with restricted preferred stock. Further, all shares owned by the officers, directors and management are held in paper certificate form and are not on deposit with any broker or dealer. Are any former officers or directors of the company selling stock they were issued? No. As mentioned above, all stock compensation issued to Perihelion's officers and directors, including all former officers and directors, were issued with a restricted legend. The restriction from selling these shares has not been removed. Has John H. Beebe sold the shares he acquired as a result of the purchase of Vision Works into the market? (September 2006 acquisition) No. All of the common and preferred shares John H. Beebe purchased during the initial acquisition of Vision Works were restricted and these shares remain restricted to date. Further, Mr. Beebe has not filed a request or notification with any regulatory body to allow these shares to be resold under Rule-144, and therefore these shares cannot be sold into the market.. All common and preferred shares are held by Mr. Beebe in paper certificate form and are not on deposit with any broker or dealer. Has John H. Beebe sold the shares he received from the acquisition of the radio stations? (February 2007 acquisition) No. Mr. Beebe received restricted shares for the radio stations at the time of acquisition. These shares were held in paper certificate form and were not placed on deposit with any broker or dealer. Subsequently, Mr. Beebe elected to cancel these shares and exchange them for a promissory note for $600,000 bearing 1% interest annum. Are the officers, directors or management selling shares that they have purchased in the open market? No. Perihelion announced a management buyback program in August 2007 in which officers and directors purchased a total of $20,000 worth of common shares from the open market. To date, all of the Officers and Directors have made formal requests with their brokerages to have the shares purchased in the open market delivered to them in paper certificate form. When received, these common shares are intended to be converted into restricted preferred stock which will be held in paper certificate form. Are the owners or principals of Saturday Night, LLC selling shares they received into the market? (January 2007 patented gold mine acquisition) No. All owners and principals of Saturday Night, LLC own restricted preferred shares in the company. These shares remain restricted and are no longer held on deposit or safekeeping with any broker or dealer. All shares of the owners and principals of Saturday Night, LLC are held in paper certificate form. Are the owners or principals of Meridian Land & Minerals, LLC selling shares into the open market? (April 2007 Box Elder County, Utah 299 acre Land acquisition) No. The owners and principals of Meridian Land & Minerals, LLC received restricted common shares of the company that were issued with a restrictive legend on them. These shares remain restricted to date and are legally unable to be sold into the market. Are the owners and principals of the Western U.S. Biofuel Refinery acquisition selling shares into the market? No. The owners and principals of the Western U.S. Biofuel Refinery have common shares of the company that were issued with a restrictive legend on them. These shares remain restricted to date and are legally unable to be sold into the market. Has the company conducted any financing or private placement? The company has raised money and completed acquisitions through shareholder loans (primarily John H. and Lora Beebe), and unsolicited, private Reg D offering to 11 accredited investors. The bulk of the accredited investors in the unsolicited Reg D offerings have requested to receive their shares in restricted preferred stock in lieu of common shares. Additionally, the shares issued at the time of closing the acquisitions of the patented gold mine from Saturday Night, LLC were restricted preferred shares. If the officers and directors of the company were successful in their past business endeavors, why would they want a public company instead of a private one? A publicly held company has clear advantages over a privately held company with respect to the ability to raise funds if necessary. Additionally, when a company intends to grow through acquisitions, a public company holds a significant advantage over private company by having the ability to issue stock that already has a documented market valuation. 1 Has any officer or director profited from the decline in Perihelion stock? No. Further, the officers and directors have not consented for any broker or dealer to allow their shares to be borrowed or loaned for the purpose of shorting the company's stock. What is the status of the OTCBB shell acquisitions? We are working on completing the acquisitions. We have repeatedly stated that we require clean, debt free shell candidates that are current in their reporting. We have also announced our intention to not increase our authorized share structure to complete these transactions. One of the OTCBB shell acquisitions you have signed a Letter of Intent with has recently raised its Authorized Shares since the announcement; will this be the new share structure of the Perihelion-acquired entity? No. Perihelion management has repeatedly stated that we have no desire to increase our authorized shares to complete these transactions. That means that we will not inherit these companies share structure at the time the acquisition is completed -- they will fit within our structure. Our criteria has been to acquire a clean, debt free, fully reporting shell that will fit within our share structure at the time of the acquisition. 2 Will the company's shareholders be significantly diluted as a result of the acquisition of the OTCBB shells? While valuable, these are OTCBB shell companies that do not have any assets. Perihelion has very valuable assets that it will bring to any acquisition we complete. We have stated we require between 93-100% equity in any OTCBB shell company we acquire. As stated, these shell companies will come under Perihelion's share structure, not vice versa. Perihelion has the necessary assets to turn shells that do not own any assets into viable, revenue producing entities. Is the company being shorted? If so, what can we do about it? The company believes that recent trading volumes far exceed a reasonable calculation of the public float, especially in this sudden, drastic decline over the last few days. While we fully recognize that legal shorting is a normal part of market activity, we believe that the volume of shares being represented as traded at current prices is excessive and deeply concerning. As to what a shareholder can do if they are concerned, the company recommends shareholders send written communications to their brokerage firm stating that their Perihelion shares are not to be borrowed or loaned out to anyone. Additionally, shareholders should request written and signed communication from their brokerages confirming that their shares are not available to be borrowed or loaned. When will the company be producing revenues? The company expects to report revenue by the end of the 4th fiscal quarter in 2007. What is the status of the biofuel refinery in Alabama? The biofuel refinery is moving forward as the company had previously announced and is expected to start producing biodiesel at the end of this year. We will start initial production from the refinery we have recently acquired and are relocating to Alabama. The initial production capacity should allow us to fulfill our existing supply agreements with additional production capacity to meet supply requirements as necessary. What is the status of the radio stations and television station? We are currently working on our programming and the capability to simulcast live programs over all our affiliated stations. We have been running live on air test broadcasts of this type, simulcasting from various locations. This will allow for additional revenue potential for cross-selling both TV and radio advertising and promotions to local, regional and national advertisers. What is the status of the gold mine property? The company has filed for and received a small scale mining permit from the State of Utah and a land right of way from the US Department of Interior, Bureau of Land Management, which was announced previously. We have completed the construction of the road right of way over federal land to our patented claims. The company has recently identified and mapped 32 additional locations, totaling up to 5 million tons of material, from which we intend to extract both precious and non-precious metals from. We have filed a notice with the State of Utah that includes these new areas with maps and other required documentation to begin this process. We intend to open pit mine these areas, and utilize a heap leach method of recovery on the material mined from these newly mapped areas. Why does the company not state the value of the estimated reserves in the ground at the mine? Our auditors and legal counsel have advised us that the company should refrain from giving an exact valuation of the in ground reserves until a formal book valuation for our audited financials is established. Their reasoning is due in part to the assumption that the company is unable to document an exact cost per ounce to extract the precious metals from the ground at this time. Also, to a lesser degree, the written valuation by Certified Professional Geologist John Yellich provided to the company was performed specifically for Saturday Night, LLC and not Perihelion Global. The company did not acquire Saturday Night, LLC, only its patented claims. What is the status of the Joint Venture the company announced it was negotiating on the mine? The company has held substantial negotiations with several companies, public and private, both within and outside the USA. At this time, the company does not desire to relinquish controlling interest in its patented and unpatented surrounding claims in a joint venture agreement. To date, the company has not reached a joint venture agreement that it believes will fairly compensate the company. What is the status of Perihelion Canada? The company is finalizing the acquisition of the Canadian mining properties as announced and is working on the public listing of its shares. Does the company still feel comfortable with its business plans? Yes. Market conditions validate the strategic business markets we have identified and focused on. Weaknesses in the US Dollar and economic concerns have propelled gold to a close of $732.50 per ounce at the close of US trading on Thursday. Over a one year period after the company announced the acquisition of the Saturday Night, LLC mine, gold has appreciated over $130 per ounce. Although the price will naturally fluctuate, the company believes gold will ultimately continue increasing in value over the long-term. As far as oil is concerned, the company believes that it will remain a premium commodity and is unlikely to fall to price levels it enjoyed even a few years ago. Oil is currently $80+; approximately $30 a barrel higher from the time of company's biofuel refinery announcement less than a year ago. A cornerstone of the company's biodiesel strategy is that oil, through both its environmental and economic troubles, will create a significant space for 'greener' fuels to emerge at an extremely competitive price. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications. Website: http://www.perihelionglobal.com
============================================================================================= Perihelion Global Reduces Authorized Shares to 325 Million With Delaware Secretary of State; Provides Share Structure Updates Thursday September 20, 11:26 am ET WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Sep 20, 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 further reduced the Authorized Shares of the corporation to 325 Million shares. The reduction was effective Wednesday, September 19, 2007 with the Delaware Secretary of State. http://biz.yahoo.com/iw/070920/0304979.html Upon completion of the merger with Vision Works Media Group on October 24, 2006, the company inherited an authorized share structure of 30,200,000,000 (30+ Billion) shares. Since that time, the company has worked to successfully reduce the Authorized Shares by 99% to 325 Million. Although not currently reflected in the company's price per share, the company has been diligent during this time in resolving any potential concerns in its Shares Outstanding. The current Outstanding Shares of the company are 130,177,400. The company wishes to inform its shareholders that there are no acquisitions planned at this time that should have a substantial effect on the company's share structure. All pending, future or anticipated acquisitions previously announced will conform within the company's new Authorized Share structure. Additionally, the company wishes to inform its shareholders that the pending acquisitions of the OTCBB shell companies are expected to be completed without the assumption or inheritance of liabilities by the company. The company intends to announce an update on the progress and status of its Canadian based Perihelion Canada, Inc. subsidiary in the near future. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications. Website: http://www.perihelionglobal.com Caution Regarding Forward-Looking Statements
============================================================================== Perihelion Global Provides Update on Proposed Acquisition of Renovo Holdings, Inc Wednesday September 12, 8:45 am ET WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Sep 12, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today provided an update on the proposed acquisition of Renovo Holdings. http://biz.yahoo.com/iw/070912/0301154.html Perihelion has concluded its due diligence phase with Renovo and intends to enter into a definitive purchase agreement. Shareholders of both Perihelion and Renovo should deem the acquisition 'on schedule' and management of both companies remain committed to reaching definitive and binding terms proposed in the initial Letter of Intent. Upon completion of the acquisition, Perihelion intends to move select assets and businesses into the Renovo shell to better maximize their value. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications. Website: http://www.perihelionglobal.com
=============================================================================== Perihelion Global Completes Access Roads Over Federal Land to Patented Mine Claim; In Discussions for Material Processing Agreement Wednesday September 5, 9:20 am ET WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Sep 5, 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 completed the access roads to the company's patented claim #5797, allowing for transportation of ore deposits from the mine site over Federal Lands to the state highway and points beyond. http://biz.yahoo.com/iw/070905/0298113.html Perihelion Global, as previously announced, was successful in receiving approval to construct and operate right-of-way access roads from the US Dept of Interior, Bureau of Land Management to reach its patented property which was formerly 'landlocked' by federal land. With the access roads now completed along with the small scale mining permits previously issued by the State of Utah, Perihelion has begun final negotiations with 2 mining entities to provide solutions to transport and process ore deposits from the patented lands. Perihelion Global Chief Operations Officer, Ed Villarreal, noted, "The company continues to take the necessary steps to turn what is otherwise a large, intangible asset into a developed revenue stream. In addition to the access roads we've completed, as of yesterday the company has also successfully renewed our other placer and lode claims on over 1,080 acres of land surrounding our patented claim. We are excited about the financial implications of not only our patented claim, but a vast area of surrounding land which we have slowly expanded our mineral interests into. We believe the company and its shareholders will enjoy significant returns as the development and maturation of these properties moves forward." The company also wishes to advise its shareholders that the Board of Directors has accepted the resignation of Brian Charlesworth as Senior Vice President of Strategic Business Development. Perihelion Global thanks Mr. Charlesworth for his contributions to the company. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications. Website: http://www.perihelionglobal.com
========================================================================================= Perihelion Global Retains CDG Engineers & Associates Inc. for Engineering, Permitting, and Consulting Services Thursday August 30, 9:27 am ET http://biz.yahoo.com/iw/070830/0296688.html WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Aug 30, 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 retained CDG Engineers & Associates, Inc. for engineering, permitting, and consulting services related to the planning and operations of its future Biodiesel refineries. CDG Engineers & Associates, Inc. (CDG) is a diversified engineering and consulting firm with expertise in civil, environmental and geotechnical engineering, geology, hydrogeology and associated fields. With offices in Andalusia, Albertville, Birmingham, Dothan, Hoover, AL and DeFuniak Springs, FL, CDG has a significant presence in Alabama and the surrounding states. Perihelion Global will rely on CDG to provide expertise and guidance throughout all processes of constructing its Opp, Alabama biodiesel refinery as well as other relevant projects. In addition, the company announced that it has expanded the responsibilities of Michael R. Varley, Executive Vice President of Perihelion Global to include oversight and coordination of the engineers, contractors and consultants for company's BioFuel Refinery Projects. Commenting on the retainer of CDG, Varley stated, "I have always strongly believed in hiring from a pool of qualified local talent to support the communities we do business in. CDG Engineers and Associates came highly recommended. Not only does CDG have an outstanding reputation in the community, they also have a strong, positive working relationship with the Alabama Department of Environmental Management (ADEM). I feel our decision to hire CDG to assist us in the state of Alabama is a win/win solution for all concerned parties." Mark Pugh, President of CDG Engineers & Associates, Inc., added, "I am pleased that CDG has the opportunity to assist Perihelion Global with their engineering needs for their Biodiesel Plants in Opp, and I look forward to this project and any future projects where we may be of assistance." About CDG Engineers & Associates, Inc. (CDG) CDG Engineers & Associates, Inc. (CDG) is a diversified consulting firm with expertise in civil, environmental and geotechnical engineering, geology, hydrogeology and associated fields. With offices in Andalusia, Albertville, Birmingham, Dothan, Hoover, AL and DeFuniak Springs, FL. CDG has a significant presence in Alabama and the surrounding states. The firm is equipped with state-of-the-art facilities for computer-aided engineering design, subsurface investigation, soil and water analysis, and surveying, as well as a materials testing laboratory certified by ALDOT, AASHTO and the U. S. Army Corps of Engineers. The combination of our high-tech facilities and well-trained, experienced professional, technical and administrative staff of more than 130 employees has enabled us to successfully complete numerous projects including site design, natural gas distribution, storm drainage, water supply and distribution, phase I and phase II environmental assessments, and over a dozen additional proficiencies. For more information visit: http://www.cdge.com About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications. Website: http://www.perihelionglobal.com
-------------------------------------------------------------------------------------------------------------- Perihelion Global Files Amendment to Reduce Authorized Shares by 75,000,000; Announces Stock Buyback Program Monday August 27, 2:33 pm ET SANTA ROSA BEACH, FL and WILIMINGTON, DE--(MARKET WIRE)--Aug 27, 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 filed an amendment with the Delaware Secretary of State to reduce the total authorized shares of the company to 425,000,000, a reduction of 15% from the current authorized share count. The company also announced that, effective immediately, officers and directors of Perihelion will be authorized to purchase common shares in the open market under a stock buyback program. http://biz.yahoo.com/iw/070827/0295343.html Perihelion management remains committed to supporting a strong share price, and the latest reduction in the authorized shares follows what the company believes has been a consistent policy to improve the capital structure of the corporation and enhance shareholder value. Over the last two weeks, the company, in cooperation with its transfer agent, has cancelled in excess of 10,450,000 shares. Further, when the Delaware Secretary of State amendment is confirmed and officially reflected in the state records, the company will have reduced the authorized share count by over 98.5% of the original figure inherited by the company as it went public in 2006. The company expects the amended figure to be reflected at the Delaware Secretary of State after 5pm EDT today. In tandem with the share reduction amendment, Perihelion officers and directors have approved a share buyback program whereby management may, from time to time, purchase common shares in the open market as conditions warrant. The program will remain effective for a minimum of six months and does not specify a specific limit to the quantity of shares that may be purchased. To provide disclosure to shareholders, Perihelion intends to submit a summary of any purchases by officers or directors to the Pinksheets site at the end of any month in which there is activity under the program.
--------------------------------------------------------------------------------------------------------- Perihelion Global Acquires Biodiesel Refinery in Western United States Wednesday August 22, 2:45 pm ET WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Aug 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 purchased a biodiesel refinery from a private financially distressed operator in the western United States. The refinery, barring any minor modifications and replacement items such as hoses and piping, is believed operating-ready. http://biz.yahoo.com/iw/070822/0293907.html The refinery, which is in relatively new condition, has been acquired by Perihelion with the intent to begin fulfilling some of its supply contracts such as the previously disclosed agreement with Crew Distributing, Inc. Because a majority of our potential buyers will initially be located in the southeastern United States, the company has decided to relocate the refinery to its Opp, Alabama site. The company has made arrangements for transportation to begin shortly. The newly-acquired refinery in no way replaces, inhibits, or impedes the construction of Perihelion's significantly larger facility due to be completed in 2008. The company expects to have the smaller refinery transported, reconstructed, and operating within the current calendar year, and will help the company establish revenue channels and working relationships with its distributors and resellers. Perihelion Global President, Chairman, and Chief Executive Officer, John H. Beebe, stated, "We're excited about this acquisition, as we were able to acquire this refinery at a substantial discount to its market value. What we are seeing suggests that several of the early-adopter biofuels companies are running into financial challenges with the volatility in the credit markets right now. Perihelion is interested in identifying and acquiring functional biofuel refineries that can be transformed into income-producing facilities. Perihelion feels there is a favorable environment right now for precisely this kind of activity, and we hope to acquire and place some of these facilities back online -- some of which are relatively new -- in regions that can be productive to potential suppliers and distributors." Financial terms and additional details of the purchase were not disclosed.
--------------------------------------------------------------------------------------------------------------- Perihelion Global Cancels 6,950,000 Common Shares Tuesday August 21, 3:43 pm ET WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Aug 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 the company has cancelled 6,950,000 restricted common shares in cooperation with the company transfer agent. These shares are separate and unique from the 3,500,000 shares cancelled earlier this month. http://biz.yahoo.com/iw/070821/0293380.html The shares were previously held by non-affiliated third-parties of the company and surrendered back to Perihelion Global on Monday, August 20, 2007. Perihelion management wishes to advise investors that the company may, at its discretion, reissue an equal or greater number of shares in consideration for future acquisitions. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications.
------------------------------------------------------------------------------------------------------------- Perihelion Global Cancels 3,500,000 Common Shares Wednesday August 15, 8:00 am ET WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Aug 15, 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 cancelled 3,500,000 restricted common shares in cooperation with the company transfer agent. http://biz.yahoo.com/iw/070815/0291067.html The shares were previously held by non-affiliated third-parties of the company and surrendered back to Perihelion Global on Monday, August 13, 2007. Perihelion management wishes to advise investors that the company may, at its discretion, reissue an equal or greater number of shares in consideration for future acquisitions. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications.
---------------------------------------------------------------------------------------------------------------- Perihelion Global Signs Letter of Intent to Acquire BioFuel Technology Company Wednesday August 8, 4:19 pm ET SANTA ROSA BEACH, FL and WILIMINGTON, DE--(MARKET WIRE)--Aug 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 it has entered into a Letter of Intent to acquire a privately held BioFuel Technology company with facilities in the United States and Europe. The company is currently conducting due diligence to complete the transaction. http://biz.yahoo.com/iw/070808/0288124.html "We believe that this acquisition will be strategically important for us as we move forward," states John H. Beebe, Chairman, Chief Executive Officer & President of Perihelion Global. "It will allow us to lower construction costs of our future refineries and gives our company 'next generation' refining technology and further engineering expertise in-house. Combining this with our current capabilities will give our company a competitive advantage in the marketplace. We believe we will achieve our goal of becoming a dominant company in the BioFuel industry through a combination of acquisitions and organic growth." In addition to the Letter of Intent announced today, the company is negotiating additional acquisitions in the BioFuel industry, including existing production facilities and refinery technology companies.
------------------------------------------------------------------------------------------------------------ Perihelion Global Signs Agreement to Manage and Acquire FCC-Licensed TV Station Channel 25 in Southern Alabama Monday August 6, 4:55 pm ET SANTA ROSA BEACH, FL and ANDALUSIA, AL--(MARKET WIRE)--Aug 6, 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 an agreement to manage and acquire TV-25 in South Alabama. TV-25 is a fully operational, LP TV Station on Channel 25, currently serving Southern Alabama and the Northwest Florida Panhandle. http://biz.yahoo.com/iw/070806/0286899.html TV-25 is presently available over the air and is also carried by 5 cable companies. In addition, TV-25 has been granted approval by the FCC to increase its licensed broadcast power from 20,000 watts to the FCC maximum 150,000 watts. Perihelion plans to upgrade TV-25 for High-Definition (HD-TV) content in the future, increasing its market value, reach, and influence of content. This agreement, along with the FCC-licensed broadcast radio stations previously acquired by Perihelion, will begin to form the cornerstone to the company's communications division. Under the agreement, Perihelion Global will take over the management and programming of the TV-25 from Silver Wings Broadcasting, Inc., as of August 1, 2007. Perihelion Global will file a formal application with the FCC to transfer ownership of the station in the coming months. Shareholders will be apprised when the FCC license transfer is completed. Perihelion Global Chairman, President, and Chief Executive Officer John H. Beebe stated, "We're happy to have reached an agreement for TV-25 with Silver Wings Broadcasting, and we believe there is tremendous value in the broadcasting space. TV-25 provides us the opportunity to create new and exciting broadcast content, advertising opportunities, and broader revenue streams for Perihelion and its shareholders. We encourage residents in and around the Southern Alabama and Northwest Florida area to join in the development of the new TV-25 by sharing their thoughts and ideas about the programming and content."
----------------------------------------------------------------------------------------------------- Perihelion Global Announces Letter of Intent to Purchase Control of Renovo Holdings Friday August 3, 4:02 pm ET http://biz.yahoo.com/bw/070803/20070803005623.html?.v=1 CASSELBERRY, Fla. & SANTA ROSA BEACH, Fla.--(BUSINESS WIRE)--Renovo Holdings (OTCBB:RNVO - News), a fully reporting shell company, and Perihelion Global, Inc. (OTC:PHGI - News), a development stage company with interests in natural resources, alternative energies, and advanced communications, announced today that the companies have recently entered into a Letter of Intent for Perihelion Global to purchase control of Renovo.
Management of both companies have recently become aware of the speculation and recent rumors regarding the potential transaction between Perihelion Global and Renovo and issue the following joint statement: Renovo Holdings and Perihelion Global, Inc. have entered into a "Non-Binding Letter of Intent" for Perihelion Global to purchase control of Renovo Holdings. The parties are currently working to finalize terms of a definitive agreement. Additional updates will be provided in the future. 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 the 21st Century in environments that are mission critical in the global marketplace. For more information, visit: www.perihelionglobal.com.
----------------------------------------------------------------------------------------------------------- Perihelion Global Announces Cancellation of Common Stock; Enters Negotiations for OTCBB Shell for Broadcast Division Friday August 3, 8:00 am ET http://biz.yahoo.com/iw/070803/0286124.html SANTA ROSA BEACH, FL and WILMINGTON, DE--(MARKET WIRE)--Aug 3, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced an initiative to increase shareholder value, the Company will retire 4,600,000 (four million six hundred thousand) shares of outstanding common stock. The shares are to be returned to the Company's transfer agent and cancelled.
Management stated that it will continue to reduce the issued and outstanding shares in its ongoing campaign to enhance the Company's price per share. Management cited its unwavering commitment to the Company's initiative to enhance shareholder value and affect the rise in price per share necessary to facilitate pending and future mergers and acquisitions. On July 23, 2007 the company announced confirmation from the Delaware Secretary of State that the company's lawful and documented authorized shares has been reduced by 98% from 30,200,000,000 to 500,000,000 per the company's board resolution adopted earlier this year. Additionally, the company is announcing that it has entered negotiations to acquire a 2nd NASDAQ OTCBB shell company for its Broadcast Division subsidiary to merge into. Previously, the company had intended to keep the Broadcast Division Subsidiary listed on the Pink Sheets, while the Biofuel Refinery and Patented Gold Mine properties would up-list to the NASDAQ OTCBB. Management feels that it is in the best interests of the company and its shareholders to have all of its assets and subsidiaries listed on exchanges that have full transparency to the investment public. "We intend to grow our broadcast division and expand beyond radio to other FCC licensed mediums," stated John H. Beebe, Chairman, President & Chief Executive Officer of Perihelion Global. Added Beebe, "We are excited about our growth and revenue opportunities for our Broadcast Division. We have also listened to the desires of our current shareholders about having greater transparency. We fully concur with our shareholders' desires and are pursuing an additional acquisition of an OTCBB listed company for our Broadcast Division to accomplish this objective." About Perihelion Global:
------------------------------------------------------------------------------------------------------------- http://biz.yahoo.com/iw/070731/0284882.html Perihelion Global Gives Update on Perihelion Canada Subsidiary Tuesday July 31, 9:20 pm ET SANTA ROSA BEACH, FL and WILMINGTON, DE--(MARKET WIRE)--Jul 31, 2007 -- Perihelion Global, Inc. (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced an update on its Perihelion Canada subsidiary and answered some frequently asked questions regarding the dividend issue into its Canadian subsidiary.
John H. Beebe, Chairman, Chief Executive Officer & President of Perihelion Global, said, "As stated in a previous press release, Perihelion Global is in the midst of listing the shares of its Canadian subsidiary, Perihelion Canada, on the CNQ market in Canada. The listing is contingent upon prior approval and compliance with all legal requirements of the CNQ market." Adds Beebe, "Additionally, Perihelion Global wishes to issue its current shareholders a dividend payment that will result in free trading shares on the CNQ. From our experience with this process to date, it is too early to speculate on the exact timetable that all of this will be completed. Executive Management believes on the advice of its Canadian legal counsel, in consideration of their level of expertise in Canada and acceptance by the CNQ, the whole process should take no more than three months." Perihelion Global retained the well respected Law Firm of Langlois Kronström Desjardins, LLP, of Montreal, Quebec (www.lkd.ca) to facilitate the legal formation of Perihelion Canada, with the intention to secure approval to list its shares in accordance with all legal requirements of the CNQ. Michel Lebeuf, of Langlois Kronström Desjardins, LLP serving as Perihelion Canada lead counsel, stated, "We wish to emphasize that the formal listing of the shares is conditional upon a thorough review and acceptance of the CNQ. As a securities attorney in Canada, we are confident that Perihelion Canada will be able to respect the legal requirements of the CNQ." Management answers commonly asked questions regarding Perihelion Canada: What will be Perihelion Canada's primary focus? It is expected that Perihelion Canada will engage in the exploration of precious metal and mineral properties in Canada. We intend to initially make an acquisition in or near the uranium camp in the Otish region in the Province of Quebec in the near future. Will Perihelion Canada's shares be listed in the United States? Perihelion Canada is a Canadian company, and management intends to list its shares on the Canadian Stock Exchange - CNQ market. Will the shares in Perihelion Canada be "Free Trading?" It is intended that the shares issued as a dividend to Perihelion Global shareholders will be Free Trading. Management is working diligently with its legal counsel to meet all of the requirements of the CNQ to enable this. Will Perihelion Canada have the same Transfer Agent as Perihelion Global? No. Perihelion Canada will have a Canadian-based Transfer Agent in full compliance with all applicable Canadian regulations and legal requirements. How many shares of Perihelion Canada will I receive? Management is proposing 1 share in Perihelion Canada for every 5 shares owned in Perihelion Global, a Delaware Corporation. This however is subject to securities review and full CNQ approval. The actual amount of shares issued as free trading may vary contingent upon regulatory and listing approval. Is Perihelion Canada governed under US Securities law? Perihelion Canada is a Canadian company, intended to be listed on the Canadian Stock Exchange - CNQ, and is subject to all applicable Canadian securities guidelines, laws and regulations. Does Perihelion Canada replace Perihelion Global's move up to the OTCBB? No. Management intends to move Perihelion Global to the OTCBB via reverse merger under the terms of a previously announced Letter Of Intent. What is the actual Ex-Dividend date? In a previous Press Release, management announced an ex-dividend date of July 3, 2007. Due to compliance requirements management has amended that date forward, contingent upon formal CNQ approval. Management intends to announce a new formal ex-dividend date in compliance with all applicable regulations at such time. Can you issue a dividend of Free Trading shares now? No. We are legally prohibited from issuing any dividend or security not bearing a restrictive legend that has not previously met registration requirements and been given formal registration approval. How can I get more information about the listing process? Shareholders may contact Perihelion Canada's legal counsel, Michel LeBeuf in Montreal, Quebec at 1-514-282-7815 or email at michel.lebeuf@lkd.ca. Additional updates will also be provided in the future. 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 the 21st Century in environments that are mission critical in the global marketplace. For more information, visit: www.perihelion.com -------------------------------------------------------------------------------------------------------- Perihelion Global Starts Groundwork on Alabama Biodiesel Plant, an Industrial Info News Alert Tuesday July 31, 7:01 am ET http://biz.yahoo.com/iw/070731/0284187.html SUGAR LAND, TX--(MARKET WIRE)--Jul 31, 2007 -- Researched by Industrial Info Resources (Sugar Land, Texas). Perihelion Global Incorporated (Other OTC:PHGI.PK - News) has started pre-construction site work and mobilizing construction trailers to Opp, Alabama, where the company is expected to soon start construction on a new biodiesel plant.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=117296, or browse other breaking industrial news stories at www.industrialinfo.com. Industrial Info Resources (IIR) provides marketing communication services ranging from industrial database solutions to market forecasting, custom analytics, and specialty promotions that support high-level image campaigns. For more information send inquiries to alternativefuelsgroup@industrialinfo.com or visit us at www.industrialinfo.com.
--------------------------------------------------------------------------------------------------------------- Chevron / Texaco Distributor Crew Distributing Co. Signs Letter of Intent to Purchase 1.2 Million Gallons of Biodiesel Annually From Perihelion Global Friday July 27, 8:00 am ET http://biz.yahoo.com/iw/070727/0283335.html SANTA ROSA BEACH, FL and OPP, AL--(MARKET WIRE)--Jul 27, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that Crew Distributing Co. Inc., a Chevron / Texaco Petroleum Distributor in the Southeastern United States, has signed a definitive Letter of Intent with Perihelion to purchase a minimum of 1,200,000 gallons of Biodiesel annually from the company.
Mickey Crew, President of Crew Distributing Co., stated, "The time is right for a valid Biodiesel product to be introduced into the American Southeast, and we believe Perihelion Global can help make that happen. We recognize the economic and social benefits of distributing a locally produced, renewable fuel source to our region, and fully support Perihelion's initiatives in this field." "We are extremely honored to have been chosen by Crew Distributing Co. to supply their Biodiesel products and the annual purchase commitment they have given us," stated John H. Beebe, Chairman, Chief Executive Officer, and President of Perihelion Global. "This agreement ensures that we will rapidly realize revenues and formally enter the energy products market at full-speed. We look forward to a long and prosperous partnership with Crew Distributing Co., and hope that our relationship expands further in time." About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications. Website: http://www.perihelionglobal.com About Crew Distributing Co., Inc.: Crew Distributing, Co., Inc. is a Chevron/ Texaco distributor, and has for over 30 years distributed petroleum fuels to portions of Alabama, Georgia and Florida in the Southeastern United States. -------------------------------------------------------------------------------------------------------------- Perihelion Global Receives Confirmation From Delaware Secretary of State Reducing Authorized Shares 98% Tuesday July 24, 2:28 pm ET http://biz.yahoo.com/iw/070724/0281943.html WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Jul 24, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced confirmation from the Delaware Secretary of State that the company's lawful and documented authorized shares have been reduced by 98% to 500,000,000 per the company's board resolution adopted earlier this year.
Previously, the company had inherited an Authorized Share structure of 30,200,000,000 as a result of the merger with Vision Works Media Group last year. The company believes the now completed 98% reduction in its Authorized Shares will further enhance shareholder value, and eliminate any market concerns about potential mass dilution of the company's stock. Also, since this action affected shares that had not been issued, the 98% reduction of the Authorized Shares of the company in no way reduces the shares held by current shareholders. In consideration of the current climate of the company's share price, and with a view towards the revenue producing acquisitions the company is contemplating in the near term, the company believes it would not be in the best interest of shareholders to further reduce the authorized share count below the 500,000,000 currently registered with the Delaware Secretary of State. To that effect, the company will organize its Board of Directors to negate the previously announced resolution for an additional 250,000,000 reduction. "We are pleased to have formally completed the 98% reduction of our Authorized Shares," stated John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. "We realize that previous share structure that we inherited as a result of the merger was causing some undue concern and speculation among some shareholders and in the public markets. This action should clearly alleviate those concerns." Perihelion is currently in various stages of progression with several potential acquisition targets, including the completion of Due Diligence under the formal Letter of Intent for the OTCBB listed company. Pending outcome or completion of several ongoing discussions, the company's intention is to provide shareholders accurate share information as a result of any acquisitions completed. The company will further clarify and disclose that in an effort to continue building a solid asset base and a determination to acquire existing revenue-producing businesses or properties, Perihelion will continue to issue restricted stock and other compensatory means as necessary to complete acquisitions that enhance shareholder value and provide adequate compensation for officers and directors. The company expects to release a formal update on the status of these acquisitions in the near future.
----------------------------------------------------------------------------------------------------------- Perihelion Global CEO John H. Beebe Receives Enthusiastic Reception at Southern Grain & Feed Convention; Company Nearing Conclusion of Work on Access Roads to Patented Mine Tuesday July 17, 3:01 pm ET http://biz.yahoo.com/iw/070717/0279162.html SANTA ROSA BEACH, FL and WILMINGTON, DE--(MARKET WIRE)--Jul 17, 2007 -- Perihelion Global, Inc. (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that Chief Executive Officer John H. Beebe spoke earlier today at the 7th annual Southern Grain & Feed Convention in Destin, Florida, on behalf of Perihelion's initiatives in the biofuels market and the future of the energy industry. Mr. Beebe also engaged in a public question and answer session and, following the conference, spoke with various industry parties who expressed great enthusiasm and support of Perihelion's Opp, Alabama Biodiesel facility currently under construction. The company believes it should have audio and video of the event available on its website no later than the end of the week.
Additionally, the company announced that it is nearing completion of the access roads to the company's Patented Gold Mine. Although the finished product will be unpaved dirt roads, the existing mountainside terrain is considerably uneven and rough, and has required a few added days of groundwork to be in proper condition. The company also expects to provide video of the access road construction in the near term. When completed, the access road will afford the company the opportunity to remove, transport, and process material from the mine, which the company believes will create Perihelion's initial revenue base and greatly enhance shareholder value. About the 7th Annual Southern Feed & Grain Convention The Southern Feed & Grain Convention is a yearly gathering of members of the Alabama, Mississippi, and Tennessee Feed & Grain Associations. The associations are comprised of responsible members who promote and participate in the feed, grain, and milling industries for the general welfare of its members and their patrons. For more information, visit: http://www.tnfeedandgrain.org
-------------------------------------------------------------------------------------------------------------- Perihelion Global CEO John H. Beebe to Present at 7th Annual Southern Feed & Grain Convention Monday July 16, 9:49 pm ET http://biz.yahoo.com/iw/070716/0278778.html SANTA ROSA BEACH, FL and WILMINGTON, DE--(MARKET WIRE)--Jul 16, 2007 -- Perihelion Global, Inc. (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that Chief Executive Officer John H. Beebe will present at the 7th Annual Southern Feed & Grain Convention at the Baytown Warf in Destin, Florida. Mr. Beebe is scheduled to speak tomorrow, July 17, 2007, from approximately 9:30a-10:00a EDT. The 2007 conference marks the agenda of "Changing Today for Tomorrow" and Mr. Beebe will present Perihelion's vision for the future of the energy industry and specifically the company's business initiatives in BioDiesel and other renewable fuels. Mr. Beebe will be available following his presentation for individual questions and comments from industry peers, news media, shareholders, and the general public. The company will also make audio/video of the conference available on the http://www.perihelionglobal.com website in the near future. About the 7th Annual Southern Feed & Grain Convention The Southern Feed & Grain Convention is a yearly gathering of members of the Alabama, Mississippi, and Tennessee Feed & Grain Associations. The associations are comprised of responsible members who promote and participate in the feed, grain, and milling industries for the general welfare of its members and their patrons. For more information, visit: http://www.tnfeedandgrain.org
--------------------------------------------------------------------------------------------------------------------- Perihelion Global Chief Executive Officer John H. Beebe to Appear on Market News First -- Friday, July 13, 12:30pm EDT Thursday July 12, 7:14 pm ET http://biz.yahoo.com/iw/070712/0277640.html SANTA ROSA BEACH, FL and WILMINGTON, DE--(MARKET WIRE)--Jul 12, 2007 -- Perihelion Global, Inc. (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that Chief Executive Officer John H. Beebe will appear on Market News First (www.mn1.com) for a special interview at 12:30pm EDT on Friday, July 13. Mr. Beebe will discuss the progress of various company projects, including Perihelion's patented gold mine, biofuels plant, and recent news regarding its radio properties. 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 the 21st Century in environments that are mission critical in the global marketplace. For more information, visit: www.perihelionglobal.com ---------------------------------------------------------------------------------------------------------------- Perihelion Global Receives Formal FCC Broadcast Consent for WCMA Radio Station Power Increase Tuesday July 10, 9:20 am ET http://biz.yahoo.com/iw/070710/0275821.html WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Jul 10, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News) today announced that the company has been granted a formal "License to Cover" from the United States Federal Communication Commission (FCC) for its WCMA-AM radio station to broadcast a non-directional signal at 50,000 watts (50kw), which is the maximum broadcast power allowed AM stations in North America. Perihelion Global acquired the station earlier in the year from Beebe Communications, who had been granted FCC approval to re-engineer the station to increase its broadcast power from 5,000 watts to the FCC maximum of 50,000 watts non-directional. The formal FCC "License to Cover" consent will allow the station to cover Northern Florida, Southern Alabama and Southwestern Georgia. Formal notice of the FCC consent was granted on July 2, 2007 and can be accessed on the FCC's website at: http://svartifoss2.fcc.gov/cgi-bin/ws.exe/prod/cdbs/pubacc/prod/app_det.pl?Application_id=1183813
The station is now fully operational, licensed and broadcasting at 50,000 watts. Of significant note to shareholders, WCMA-AM is one of the most powerful FCC licensed broadcast stations in North America. More importantly, WCMA's 50kw FCC broadcast license, broadcast tower, land, broadcast studio building, 50kw transmitter and broadcast equipment are owned outright and debt free. This represents a substantial, debt free asset of the company. In the near term, the company will begin to develop full-scale operations for the station, including launching cutting-edge content (including HD-Radio capability), as well as creating advertising and marketing programs to secure initial revenue streams. John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global, stated, "We are pleased to announce we have been granted formal FCC consent to broadcast at the maximum power allowed for AM stations in North America. This represents a substantial revenue potential for our company." Adds Beebe, "Our expanded broadcast coverage area, and new technology in the broadcast industry will enable us to provide traditional radio broadcast combined with customized, on demand data and information services from one facility over sections of Florida, Alabama and Georgia."
-------------------------------------------------------------------------------------------------------------- Perihelion Global Announces Perihelion Canada, Inc. as Name of Canadian Subsidiary; Retains Canadian Law Firm of Langlois Kronström Desjardins of Montreal Monday July 9, 9:00 am ET http://biz.yahoo.com/iw/070709/0275152.html SANTA ROSA BEACH, FL and WILMINGTON, DE--(MARKET WIRE)--Jul 9, 2007 -- Perihelion Global, Inc. (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced Perihelion Canada, Inc., as the legal name of its Canadian subsidiary that will be listed on Canada's CNQ Stock Exchange (http://www.cnq.ca). Perihelion Global has also retained the Canadian Law Firm of Langlois Kronström Desjardins (http://www.lkd.ca) in Montreal, Quebec to facilitate the registration and listing of Perihelion Canada's stock on the Canadian CNQ stock exchange. It is expected the shares in Perihelion Canada, Inc., issued as a dividend to Perihelion Global shareholders of record, will be 'free-trading' on the CNQ Stock Exchange. Michel Lebeuf, of Langlois Kronström Desjardins will be the lead counsel of record.
Perihelion Global Announces Ex-Dividend Date for Dividend and Plan of Arrangement of Canadian Subsidiary Tuesday June 26, 1:57 pm ET Perihelion Canada, Inc. will engage in the exploration of precious metal and mineral properties in Canada, and will initially make an acquisition in the uranium camp in the Otish region in the Province of Quebec in the near future. Perihelion Global has sourced initial funding of $500,000-$800,000 for Perihelion Canada, Inc. with a group of Canadian investors. The Board of Directors believe that existing and future shareholders now have an unprecedented opportunity to participate in three unique publicly held companies with their current holdings of Perihelion Global:.The future NASDAQ OTC:BB entity of Perihelion Global (patented gold mine & biofuels plants), Perihelion Canada, Inc. (Canadian subsidiary), and the Pinksheet-listed entity holding FCC-licensed broadcast radio and television stations.
--------------------------------------------------------------------------------------------------------------- SANTA ROSA BEACH, FL and WILMINGTON, DE--(MARKET WIRE)--Jun 26, 2007 -- Perihelion Global, Inc. (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, is pleased to announce the ex-dividend date for the Canadian subsidiary. http://biz.yahoo.com/iw/070626/0271309.html Management of Perihelion Global has set the ex-dividend date as July 3rd, 2007. The date of payment will be July 31, 2007. The company is working with its legal counsel and will be making a Plan of Arrangement to insure that shares in the Canadian subsidiary are Free Trading for any investors of record. Officials at the Canadian Stock Exchange CNQ (www.cnq.ca) have confirmed that a Plan of Arrangement will make all dividend shares free trading. 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 the 21st Century in environments that are mission critical in the global marketplace. For more information, visit: www.perihelion.com.
------------------------------------------------------------------------------------------------------------------- Perihelion Global Forming Canadian Subsidiary to Be Listed on Canada's CNQ Stock Exchange Tuesday June 26, 9:15 am ET http://biz.yahoo.com/iw/070626/0271020.html SANTA ROSA BEACH, FL and WILMINGTON, DE--(MARKET WIRE)--Jun 26, 2007 -- Perihelion Global, Inc. (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that it is forming a Canadian subsidiary to be listed on Canada's CNQ Stock Exchange (http://www.cnq.ca).
The formation of the subsidiary will result in a dividend for shareholders of Perihelion Global. For every five (5) shares of PHGI owned on the record date of July 2, 2007, shareholders will receive one (1) share of the Canadian subsidiary. It is expected these shares will be 'free-trading' on the CNQ Stock Exchange. The new subsidiary will engage in the exploration of precious metal and mineral properties in Canada, and will initially make an acquisition in the uranium camp in the Otish region in the Province of Quebec in the near future. The property will meet the guidelines of National Instrument 43-101; a rule developed by Canadian Securities Administrators (CSA) administered by the provincial securities commissions that govern how issuers disclose scientific and technical information about mineral projects to the public. Perihelion Global has sourced initial funding of $500,000-$800,000 for its Canadian subsidiary with a group of Canadian investors. Shareholders are advised that the formation of the Canadian subsidiary and the subsequent stock dividend will in no way replace, impede or delay Perihelion Global from completing its previously announced acquisition of an NASDAQ OTCBB-listed shell company under the formal Letter of Intent executed June 12, 2007. Management believes that existing and future shareholders will now have an opportunity to participate in three unique publicly held companies with their current holdings of Perihelion Global; The future NASDAQ OTC:BB entity, the Canadian-listed subsidiary and the Pinksheet-listed entity that will include the FCC-licensed broadcast radio stations.
---------------------------------------------------------------------------------------------------------- Perihelion Global Announces Approval of $20 Million USD Bond Inducement Resolution From the Opp Industrial Board to Finance Biofuel Refinery Monday June 25, 2:23 pm ET http://biz.yahoo.com/iw/070625/0270654.html SANTA ROSA BEACH, FL and OPP, AL--(MARKET WIRE)--Jun 25, 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 Opp Industrial Board has unanimously approved a $20,000,000.00 USD bond inducement resolution for Investment Bank W.R. Taylor & Company, LLC (Member NASD; SIPC) to provide financing for Perihelion's Biofuel Refinery in Opp, Alabama.
Wesley L. Laird, Esq. of Laird, Baker & Blackstock, LLC, legal counsel for the Opp Industrial Board stated, "It has been many years since the last bond issue facilitated by the Opp Industrial Development Board. We are excited in Opp to have Perihelion Global committed to building a biofuel refinery here. The Board was unanimous in passing the inducement resolution and is eager for W.R. Taylor and Perihelion to move forward with this bond issue and begin construction." W.R. Taylor & Company, LLC will be the principal underwriter of the bond and will finalize the closing and disbursement of the bond proceeds to Perihelion Global. The $20,000,000 USD tax-exempt industrial bond will be a non-dilutive financing event to Perihelion Global shareholders. Perihelion Global Chairman, Chief Executive Officer and President John H. Beebe stated, "We are extremely pleased that the Opp Industrial Board gave unanimous consent of the bond inducement resolution to provide financing for our Biofuel Refinery. We believe that our Opp refinery is critically important for our company and our fellow citizens of America. Our refinery will concurrently help reduce our dependency on foreign sources of oil, provide for a cleaner environment and curb greenhouse gas emissions." Michael R. Varley, Executive Vice President of Perihelion Global, stated, "The pieces to ensure our success continue to flow in a very positive direction. I am extremely pleased at the support shown to Perihelion Global by the Opp Industrial Board and I am looking forward to furthering our relations with the City of Opp, Alabama and W.R. Taylor & Company, LLC." 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.
------------------------------------------------------------------------------------------------------------------- Perihelion Global Opens Accelerated Discussions for Joint Venture Relationship on Patented Gold Mine Property Thursday June 21, 8:45 am ET http://biz.yahoo.com/iw/070621/0269258.html SANTA ROSA BEACH, FL and SALT LAKE CITY, UT--(MARKET WIRE)--Jun 21, 2007 -- Perihelion Global, Inc. -- (Other OTC:PHGI.PK - News) a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company has begun substantial discussions regarding a potential joint venture financing and mining relationship for its patented gold mine project on the Utah/Nevada border in Box Elder County, Utah.
John H. Beebe, Chairman, Chief Executive Officer, and President of Perihelion Global, stated, "Perihelion has been approached by an investment banking firm in Canada to exponentially expand upon our Patented Gold mine project on the Utah/Nevada border. Canada is the center of mining finance, with interests ranging from Canadian junior mining companies to multi-billion dollar joint ventures. Joint Venture financing is a normal part of the industry, and we feel it is a superior method in which to move our project forward without dilution to the existing shareholder base. The investment bank that approached us is negotiating with three interested mining companies listed on the Toronto Stock Exchange (TSX). We intend to begin a mutual Due Diligence process with all three companies within the next week in the hope of coming to terms on an agreement in no more than three weeks timeframe." Beebe added, "Perihelion is committed to delivering maximum shareholder value through a Joint Venture program on our Patented Gold mine and surrounding claims, as we have stated previously. It will leverage our strong asset base and deliver shareholder value, which we believe will be positively reflected in our stock price over time. This financing move is part of a larger program which will be discussed in forthcoming press releases." Perihelion Global has been formally issued mining permits from the State of Utah, Division of Oil, Gas & Mining; and an exclusive use Right of Way lease and road construction permit over Federal land to its patent claim property and surrounding areas from the US Department of Interior, Bureau of Land Management in Salt Lake City. Full Public Documentation of these permits and patent claims can be found at: http://www.pinksheets.com/quote/finance.jsp?symbol=PHGI under Public Information Statements.
---------------------------------------------------------------------------------------------------------- Perihelion Global Files Additional Mining Claims on Approximately 1,000 Acres Surrounding Its Patented Mine; Continues Construction on Federal Land Right of Way Road Tuesday June 19, 6:00 am ET http://biz.yahoo.com/iw/070619/0268019.html SANTA ROSA BEACH, FL and SALT LAKE CITY, UT--(MARKET WIRE)--Jun 19, 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 formally recorded and completed full payment for additional placer and lode mining claims encompassing approximately 1,000 acres of land. The placer and lode claims surrounding its Patent Claim #5797 in the Lucin Mining District were filed with the United States Department of Interior, Bureau of Land Management (BLM) in Salt Lake City. The filings have also been formally recorded with the County Recorder/Clerk of Box Elder County, Utah.
The company now owns the mining rights to placer and lode claims, consisting of both patented and unpatented claims on approximately 1,450 acres of land (1.5 hectares) surrounding and near the company's Patent Claim #5797. On June 5, 2007 the company was granted permission by the US Department of Interior, Bureau of Land Management Office in Salt Lake City to construct, operate, lease and maintain an approximate 8,000 ft road and right of way until December 31, 2012. This included a permit to construct, maintain and operate a 1,650 ft exclusive use extension road over federal land for Perihelion Global and BLM personnel, also valid until December 31, 2012. The first phase of the project, which consists of construction of the 1,650 ft exclusive use road extension that connects directly to the company's patent claim, is underway and progressing forward. The 1,100+ acres of unpatented placer and lode mining claims now owned by Perihelion Global are valid in perpetuity contingent upon an annual maintenance fee that all claimants are required to pay the US Department of Interior, Bureau of Land Management. The company has been issued a small scale mining permit by the State of Utah, Division of Oil, Gas & Mining to commence mining operations. In addition, the company intends to apply for large-scale mining permits to fully develop and monetize what the company feels are significant deposits of gold, silver, copper, zinc and other metals in the lands the company now owns or controls surrounding its Patent Claim #5797. To provide certified documentation of the mineral valuations on surrounding lands, the company has announced it is instituting a rigorous quality assurance and quality control program on its assay samples using ISO Certified Laboratories. All samples will be taken in duplicate and will be fire assayed in two separate, independent ISO Certified Laboratories to verify accuracy of the results. Perihelion Global Chairman, Chief Executive Officer, and President, John H. Beebe, commented, "After the company was able to secure a Right of Way and access road over Federal Land to our Patent Claim, the opportunities for us became very apparent. We feel there is a significant value of various metals in the land surrounding our Patent Claim, and we will continue to be diligent in securing the rights to additional surrounding properties. We expect initial revenue from our Patent Claim could occur within a few short months, which will give the company further resources to continue our expansion and acquisitions of additional targeted assets."
-------------------------------------------------------------------------------------------------------------- Perihelion Global Executes Letter of Intent to Acquire NASDAQ OTCBB Company Tuesday June 12, 12:55 pm ET http://biz.yahoo.com/iw/070612/0265274.html WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Jun 12, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today executed a formal Letter of Intent to acquire a NASDAQ OTCBB shell company. Once the proposed transaction is completed, the company will list its shares under the name Perihelion Global on the NASDAQ OTCBB by virtue of the acquisition.
The Letter of Intent will allow the Perihelion to finalize due diligence on the OTCBB-listed company and complete the required formal Sarbanes-Oxley compliant audits of Perihelion's assets. Perihelion Global has retained an audit firm that has specialized expertise in the field of mining and mining claims, which will enable the company to provide a full, clear, accurate and lawful accounting to the public of its patented gold mine and surrounding claims as well as its other assets. The proposed transaction is subject to approval of the Board of Directors of both Perihelion Global and the OTCBB-listed entity, as well as majority shareholder consent in both companies. Prior to executing the Letter of Intent the company conducted due diligence on over a dozen different listed companies over the past couple of months. Perihelion Global Chairman, Chief Executive Officer, and President, John H. Beebe, stated, "We are pleased be able announce that we have entered into a Letter of Intent that will facilitate our orderly transition to the NASDAQ OTCBB. We are following through on our commitments to build Perihelion Global into a fully transparent, high-growth company with maximum returns for our shareholders and have made tremendous progress since the company's inception just 9 1/2 months ago. We have acquired a patented gold mine with certified reserves, filed additional mining claims on approximately 900 surrounding acres, and acquired another 299 acres with active rail service on-site. We have received permits from the State of Utah to start mining and have also been granted an exclusive right of way by the US Department of Interior, Bureau of Land Management to construct, maintain and operate a roadway across federal land to enable access to our patented gold mine and surrounding claims. We have clearly documented all of this to our shareholders by providing access to these documents in the public domain." Adds Beebe, "This past weekend, we began construction of the roads to the mine across federal land. In addition, we are moving forward with the construction of our BioFuel Refinery in Opp, Alabama, and have added key members to our management team. We are also revamping our company's website to better serve our shareholders and provide a cleaner, fresh look for our company. Our company's future is bright, and we feel that the time is right to move to the NASDAQ OTCBB to provide greater transparency for the investing public of what we have and are accomplishing. As always, we will continue to keep our shareholders up to date with new developments on our growth."
-------------------------------------------------------------------------------------------------------------- Perihelion Global Receives Federal Land Right of Way and Access Road Permits From US Dept of Interior, Bureau of Land Management Thursday June 7, 2:07 pm ET http://biz.yahoo.com/iw/070607/0263493.html WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Jun 7, 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 officially received right of way and access road permits on federal land from the United States Department of Interior, Bureau of Land Management. These critical permits will allow the company to have full right of way, operate, lease and maintain an access road across approximately 8,000 feet of federal land to its Patented Gold Mine #5797 on the Utah/Nevada border.
Specifically, the company has been granted a right of way to maintain and operate a road access of approximately 6,300 feet of existing roadway on federal land, with permission to construct, operate and maintain a 1,650ft access road extension on federal land. This will enable direct transportation to and from the company's Patented Gold Mine and the additional surrounding mining claims owned by Perihelion Global. The permits are valid through December 31, 2012. The company has already paid in full all surety, impact and reclamation fees to the US Dept of Interior and the lease payment for the use of the access road. The company is slated to have crews working on the construction of the access road starting Friday, June 8, 2007. The company believes the process to maintain the existing 6,300ft access road and construction of the new 1,650ft extension will take approximately 4-6 weeks, weather permitting, at which point the company can begin its first small scale mining operations and transforming itself into a revenue-producing entity. The company has previously been issued a small mining permit for its Patented Gold Mine by the State of Utah, Division of Oil, Gas & Mining contingent on receiving the federal land right of way from the US Department of Interior, Bureau of Land Management. The company plans to have the permits uploaded to the Pink Sheets site for public review within 24-48 hours. You can view additional company documentation at: http://www.pinksheets.com/quote/finance.jsp?symbol=PHGI
-------------------------------------------------------------------------------------------------------------- Perihelion Global Provides Update on OTC:BB Shell Acquisition; Announces Management Change Friday June 1, 10:23 am ET http://biz.yahoo.com/iw/070601/0260591.html WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Jun 1, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today provided an update on the previously disclosed transaction to list its common shares on the OTC:BB by virtue of acquiring a fully reporting public shell company.
For the last month, the company has contacted and has been contacted by several interested parties to the proposed transaction. Although Perihelion believes that it has established discussions with credible and 'clean' shell corporations, management stresses that it is essential the process be thorough and it leaves 'no stone unturned' in regards to due diligence required to consummate the transaction. Perihelion Global Chairman, Chief Executive Officer, and President, John H. Beebe, commented, "We're just as anxious as many of our shareholders are to complete a change of venue to the bulletin board, however we must make the move forward in a fashion that benefits our corporation and its shareholders to the fullest extent. We're looking for very specific profiles -- shells that have extremely limited operating, trading, along with clearly defined ownership history -- essentially, as much 'shrink wrap' as possible. At present, there are two opportunities we believe meet our criteria that we are intensively exploring and conducting Due Diligence on. We believe taking a more methodical approach will extend considerable long-term security to our corporation from recent lessons learned, and we continue to appreciate the patience of our shareholders during the process." The company also announced that it has accepted the resignation of Dr. Patrick LaRive as Vice President of the corporation. Perihelion wishes Dr. LaRive the best in his future endeavors, and appreciates his prior service to the company.
-------------------------------------------------------------------------------------------------------------- Perihelion Global Names Michael R. Varley Executive Vice President and Vice Chairman of the Board; Provides Clarification on Other Corporate Matters Wednesday May 30, 6:20 pm ET http://biz.yahoo.com/iw/070530/0259709.html WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--May 30, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that Michael R. Varley has been named the company's Executive Vice President and Vice Chairman of the Board of Directors. With the addition of Mr. Varley to the executive management team, Chairman, Chief Executive Officer & President John H. Beebe has reassembled the core management of their previously highly successful company, Global eTelecom.
Mr. Varley joined Perihelion in 2006 as a Director, and in addition to his new management responsibilities as Executive Vice President, he will continue to remain the Chairman of the company's Compensation Committee. Prior to Perihelion, Varley was the Co-Founder, Chief Operating Officer, and Vice Chairman of the Board of Global eTelecom, a highly respected national electronic payment processing and technology company. Varley is a former manager of Whole Foods Market, the largest natural grocery food chain in the US, and joins Perihelion's active management with years of expertise in operations, corporate communications, and training. Additionally, the company would like to clarify the March 22, 2007 press release issued by Signature Leisure, Inc. regarding proposed services to be provided to Perihelion Global. Although the two companies did discuss ideas regarding ways to increase Perihelion's exposure in Europe, Germany, and other international markets, it should be understood that Signature does not represent Perihelion Global in any capacity. The company appreciates the interest from Signature and its services. However, management believes that hiring an 'in-house' professional would be the best Investor Relations strategy in the future.
--------------------------------------------------------------------------------------------------------------- Perihelion Global Held Major Press Conference Today in Opp, Alabama Updating Progress on BioFuel Refinery Wednesday May 9, 5:11 pm ET http://biz.yahoo.com/iw/070509/0250747.html 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.
------------------------------------------------------------------------------------------------------------- Perihelion Global to Acquire OTC:BB Listing in Proposed Transaction Tuesday May 8, 8:45 am ET http://biz.yahoo.com/iw/070508/0249659.html 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. Proposed Structure of the Transaction Perihelion, through assistance of its executive management, is currently engaged in the due-diligence process with several OTC:BB shell candidates. Management contemplates the purchase will be done primarily with cash and will not result in more than nominal dilution from the existing single-percent equity interests the shell will retain following the transaction. Typically, shell owners retain between 5-7% of the equity post-merger, which would allow existing Perihelion shareholders to control the remaining 93-95% of the new listing. The company will transfer all of its cash, assets, and businesses into the OTC:BB entity with the exception of the broadcast radio stations which will remain with the current PHGI.PK ticker. In consideration to existing shareholders, management proposes a 1-for-1 'spinoff' of the PHGI.PK Pinksheet listing so that each and every documented shareholder as of the record date will effectively have double their existing shares; one set in the Pinksheet listing containing the broadcast radio stations, and the other in the OTC:BB listing which will contain the patented gold mine and biofuel refinery. Following the completion of the acquisition, the Pinksheet listing will add new management, change its name and will trade as a distinct and separate company. The 'Perihelion Global' name, and all existing management and directors, will be transferred to the OTC:BB listing. An Example of proposed impact of reverse merger into OTC:BB shell: Today you have 5,000 shares of PHGI.PK (contains all assets) After the merger, you would have 5,000 shares of PHGI.PK and 5,000 shares of the OTC:BB listing*. * Exact share conversion rate will be determined at the time of completion of the transaction What to Expect After a Completed Transaction When the proposed transaction is completed with a qualified OTC:BB candidate, Perihelion would have the duty to file periodic reports with the Securities & Exchange Commission, including all quarterly and annual reports. The company is confident such reports will clearly outline Perihelion's business plan, strong asset base, and audited revenue/income as applicable. For most shareholders, the transition will be automatic and handled by your brokerage firm electronically. John H. Beebe, Chairman, Chief Executive Officer, and President of Perihelion Global commented, "The company will update shareholders as the process on this initiative moves forward, and on behalf of the Board of Directors and all of the Executive Management, we sincerely thank those shareholders who have remained optimistic and supportive of the company's business plan throughout what has been a difficult tenure on the Pinksheets. We expect to have new information, including details on the OTC:BB company and specific dates regarding completion of the transaction, by the end of the month."
-------------------------------------------------------------------------------------------------------------- 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 http://biz.yahoo.com/iw/070501/0246426.html 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."
--------------------------------------------------------------------------------------------------------------- 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 http://biz.yahoo.com/iw/070424/0243219.html 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." About Perihelion Global:
------------------------------------------------------------------------------------------------------------- Perihelion Global Receives Returned Shares From Icarus Investments, Inc. Tuesday April 10, 2:23 pm ET http://biz.yahoo.com/iw/070410/0236991.html 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.
------------------------------------------------------------------------------------------------------------ Perihelion Global Announces Shareholder Conference Call for Monday, April 9, 2007 Wednesday April 4, 12:34 pm ET http://biz.yahoo.com/iw/070404/0235177.html 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.
All shareholders and interested parties are encouraged to participate. To participate in the conference call you must register. Please call Toll Free 1-866-748-7610 x 708 or email investors@perihelion.com with a request to participate in the conference call. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications. Website: http://www.perihelion.com
---------------------------------------------------------------------------------------------------------------- Perihelion Retains Signature Leisure to Provide Investor Relation Services Thursday March 22, 4:05 pm ET http://biz.yahoo.com/iw/070322/0229981.html 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. About Perihelion Global, Inc. (Other OTC:PHGI.PK - News) -- 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. About Signature Leisure, Inc. (OTC BB:SGLS.OB - News) -- Signature Leisure, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol SGLS. For more information about Signature Leisure, Inc., please visit the Company's website at http://www.signatureleisure.com.
---------------------------------------------------------------------------------------------------------- Perihelion Global Board of Directors Approves Resolution to Reduce Authorized Shares by an Additional 50% Wednesday March 21, 1:21 pm ET http://biz.yahoo.com/iw/070321/0229379.html 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 of high-value to shareholders. Commenting on the latest board resolution, Chairman, Chief Executive Officer & President John H. Beebe stated, "We have had some time to thoroughly examine our capital structure against our current and future projects, and felt that our earlier reduction in our authorized shares still did not completely bring us to appropriate levels in accordance with our objectives. The company exists for one reason, and for one reason alone, and that is to create a stable income-generating haven whereby investors in our company can participate and profit in sectors we feel will be vital to the economic stability of both our country and the rest of the world." Adds Beebe, "The company is not contemplating a reverse split and our management and directors have restricted stock which cannot be sold into the market. We are growing rapidly and will do everything in our power to make the growth our company as smooth as possible for our fellow shareholders. For us there is no option but success. The Board of Directors and Management Team greatly appreciate the continued support from our shareholders."
-------------------------------------------------------------------------------------------------------------------- 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 http://biz.yahoo.com/iw/070320/0228674.html 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. Beebe also gave a second update on the status of the mining permit filed previously. Stated Beebe, "We recently received notice from the State of Utah, Division of Oil, Gas & Mining regarding items in our mining permit that the State requested further clarification on. We have provided the State written clarification on the items requested and anticipate that our mining permit will be granted approval without any further delays."
------------------------------------------------------------------------------------------------------ Perihelion Global Files Additional Mining Claims on Land Surrounding Patented Gold Mine Tuesday March 6, 10:15 am ET http://biz.yahoo.com/iw/070306/0223464.html 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. The company also wishes to announce an update on the status of the small scale mining permit which was filed previously. Stated Beebe, "While the process has been extensive, we anticipate that we will be granted approval from the State of Utah, Division of Oil, Mining and Gas on our mining permit at any time. We are very excited to begin work on this property, and believe it will offer significant value to our shareholders."
------------------------------------------------------------------------------------------------------------ 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 http://biz.yahoo.com/iw/070222/0218783.html 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." 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.
------------------------------------------------------------------------------------------------------------ Perihelion Global Retains Former United States Attorney David L. McGee of Beggs & Lane, LLP Friday February 16, 10:51 am ET http://biz.yahoo.com/iw/070216/0216569.html 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.
David L. McGee served as First Assistant U.S. Attorney, Northern District of Florida, from 1991-1996. Mr. McGee also served as Lead Attorney, Organized Crime Task Force ("Strike Force") for the United States Justice Department from 1983-1991. Previously, Mr. McGee served in the State Attorney in Florida. Mr. McGee's primary areas of practice are: Securities Litigation; White Collar Crime and Commercial Litigation. Mr. McGee is a member of the Escambia-Santa Rosa, Federal and American Bar Associations. "Without question, David L. McGee's experience, knowledge and counsel will be a tremendous resource for our company," states John H. Beebe, Chairman, Chief Executive Officer & President. Adds Beebe, "Our company is growing rapidly and our future is extremely bright. Mr. McGee brings a proven track record of service to the United States, and we're pleased that he has decided to work with Perihelion to continue protecting the interests of our shareholders." Burr & Forman, Perihelion Global's current legal counsel will also continue legal representation of the company.
-------------------------------------------------------------------------------------------------------- Perihelion Global and City of Opp, Alabama, Sign Formal Agreement Establishing Terms of BioFuel Refinery Wednesday February 14, 10:21 am ET http://biz.yahoo.com/iw/070214/0215514.html 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.
Other key representations in the agreement include The City of Opp providing site preparation, grading, drainage on the property and water, sewer, natural gas, and electrical utilities connections up to the property at no charge to Perihelion. As outlined in previous releases, The City of Opp also grants significant tax advantages and abatements to Perihelion. The company is obligated to complete the BioFuel manufacturing facility within (2) years and employ 20 persons upon completion of the facility. A year thereafter, the company has agreed to employ a minimum of at least 100 persons at an average wage of $14/hour including fringe benefits. Commenting on the agreement, Perihelion Global Chairman & Chief Executive Officer John H. Beebe stated, "We have reached this point with a focused and collective effort by more than a dozen highly-talented individuals involved in this project. Each and every one of Perihelion's Management and numerous Opp Officials played an important role in creating what we feel will be a lasting and mutually beneficial relationship between Perihelion Global and the City of Opp. We'd like to sincerely thank Opp Mayor H.D. Edgar, Covington County, the State of Alabama, and the hundreds of people we met at our initial press conference and groundbreaking ceremony. We are inspired by your faith and readiness to begin this journey, and we are committed to work side-by-side with you as a model for positive change in our world."
--------------------------------------------------------------------------------------------------------- Perihelion Global CEO Releases Letter to Shareholders Tuesday February 13, 9:00 am ET http://biz.yahoo.com/iw/070213/0214760.html WILMINGTON, DE and SANTA ROSA BEACH, FL--(MARKET WIRE)--Feb 13, 2007 -- Perihelion Global (Other OTC:PHGI.PK - News) today announced that its Chairman & Chief Executive Officer, John H. Beebe, released a public letter to shareholders. "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. In January, we broke ground on our BioFuel refinery in Opp, Alabama. Over the coming weeks and months, the site should begin to take shape and we expect that our warehousing units will be the first structures to be built. We plan on purchasing peanuts from local farmers, and subsequently storing them on-site, far before the plant is fully operational early in 2008. This will provide an immediate boost to the local economy, and give the company a practical relationship with our farmers well before our first batch of biodiesel is complete. With oil prices again on the rise, we believe our company could be no better positioned in a post-carbon era than by producing up to 40,000,000 gallons of environmentally friendly biodiesel every year. As we've stated from day one, the local support from the City of Opp and the Great State of Alabama has been tremendous, and we appreciate each and every individual who is helping make this project a reality. Of late, the price of our shares has been under significant pressure, returning to levels not seen since the initial reverse merger with Vision Works was announced. Let me emphatically say, in no uncertain terms, that the company knows of nothing material in its business that would account for such a precipitous decline. None of our management or directors has sold any stock into the market, and we've unanimously agreed to reduce the amount of authorized shares for the company by over 98%. I have invested a large percentage of my personal resources into this company, and currently hold in excess of 52,000,000 restricted shares of stock. I have even moved substantial assets, such as the FCC Licensed Radio Stations, out of my personal ownership and into the ownership of Perihelion shareholders. Over the last ten trading days, significant volumes of our stock have traded, potentially in excess of what we believe to be our public float. At face value, we feel this is numerically not possible. In addition, we continue to receive reports of unsolicited email campaigns promoting our stock, even though we have not paid for such promotions. Clearly, we are very concerned with what we have seen in our market, and will continue to monitor the situation very closely with our legal counsel, transfer agent, and Executive Management. Both the Board of Directors and Executive Management believe in, and reaffirm desire for, a strong share price. In accordance with this directive, significant tangible assets have been placed into the company to readily support a market capitalization that is far higher than that which is currently reflected in our stock. We understand the frustrations some shareholders may have and are working diligently to correct any irregularities in our public market. You have our firm resolve and commitment that we will apply every effort to address and remedy any and all irregularities. On behalf of the entire Management Team and Board of Directors of Perihelion Global, we wholeheartedly appreciate the faith and confidence you have in our company. We will continue to do our utmost to reward your faith and trust. Together, absolutely nothing will stop us from succeeding." About Perihelion Global:
--------------------------------------------------------------------------------------------------------------- Perihelion Global Completes Acquisition of Radio Broadcast Stations Thursday February 8, 2:05 pm ET http://biz.yahoo.com/iw/070208/0213266.html 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.
"We are pleased to have completed this acquisition. This acquisition continues to increase our company's tangible asset base and will serve to greatly enhance our Communication's Division," stated John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Edward Villarreal, Chief Operations Officer of Perihelion Global, states, "We plan to implement exciting new technologies in our broadcast facilities such as HD Radio and others which will enable us to deliver data and other informational services to the public in addition to traditional radio broadcast."
-------------------------------------------------------------------------------------------------------------------- Perihelion Global Board of Directors Approves Resolution to Reduce Authorized Shares by 98% Friday February 2, 12:06 pm ET http://biz.yahoo.com/iw/070202/0210830.html 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.
The existing authorized share structure was inherited by Perihelion Global from the preceding Vision Works shell that Perihelion acquired via a reverse merger transaction in September 2006. The Board Resolution specifically directs Perihelion Global amend its Articles of Incorporation with the State of Delaware to reflect an authorized share count more aligned with the company's objectives and long-term plans. "The Board of Directors is pleased to announce a unanimous consent to reduce our authorized shares. The new share structure better reflects who we are and where we are headed as a company and gives our shareholders and the investment community a clear window into our company and our long-term direction. The Board of Directors is committed to a strong share price and we will continue to take actions that build Perihelion Global into a company that is positioned to sustain long-term growth," states John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, "Perihelion Global's future is extremely bright. We had a very successful groundbreaking for our new BioFuel Refinery in Opp, Alabama on Monday. We have tremendous support for this project by Local and State Officials in Alabama. We are moving forward to fully maximize our patented gold mine reserves and expect to have significant revenue from our gold mine this year. We have launched our communications division by adding one of the most powerful licensed radio stations in North America. These are very positive developments for our company and our shareholders."
---------------------------------------------------------------------------------------------------------- Perihelion Global Files Application With U.S. Dept. of Agriculture for BioFuel Refinery Feedstock Storage Wednesday January 31, 10:55 am ET http://biz.yahoo.com/pz/070131/112831.html 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.
The company expects to use 1 ton of feedstock per day to produce 40 Million Gallons of fuel grade BioDiesel annually. Licensure with the U.S. Department of Agriculture will provide Perihelion Global a strategic advantage by allowing the company to buy and store feedstock from the U.S. Department of Agriculture Commodity Credit Corporation in addition to private feedstock producers. Upon formal approval, Perihelion Global expects to store up to 60 Tons of feedstock supply -- primarily peanuts, rapeseed and cotton seed onsite at its Opp, Alabama facility. The land for the feedstock storage facility was provided to Perihelion Global by the City of Opp and will be co-located with the company's BioFuel Refinery in the Opp Industrial Park. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications.
---------------------------------------------------------------------------------------------------------- Prominent State and Local Officials Attend Perihelion Global Biofuel Refinery Groundbreaking Tuesday January 30, 11:50 am ET http://biz.yahoo.com/pz/070130/112738.html 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.
Representative and Speaker of the Alabama House, Seth Hammett (D), was in attendance and spoke in support of the biofuel refinery. Top Congressional aides from US Representative Terry Everett (R), and US Senator Richard Shelby (R) also voiced support from their respective congressmen. State Senator Jimmy Holley (D) was again able to make the event, and City of Opp Mayor H.D. Edgar continued to show great leadership to the local community with his steadfast encouragement and enthusiasm about the project. The Opp City Council, The Covington County Commissioners as well as the Covington County Economic Development Commission were also well represented. Clearly, there is a growing bipartisan effort to see the Perihelion plant thrive, and the company believes it will achieve similar public support for its future biofuel refineries as well. In a WSFA NBC-12 Interview, CEO John H Beebe commented, ``This is the first biofuel refinery and first groundbreaking of what we hope to be many. We plan on coming into this space very strong.'' WSFA NBC-12 Video Coverage: http://tinyurl.com/38cr8m After the initial grading and conditioning of the land, the company will begin visible construction of the warehousing units which will primarily store peanut feedstock. The company expects to be purchasing locally grown peanuts for storage as early as August 2007.
---------------------------------------------------------------------------------------------------------- Perihelion Global BioFuel Refinery to Benefit From Proposed Mandatory Alternative Fuels Standard Outlined in State of the Union Address by President Bush Wednesday January 24, 10:42 am ET http://biz.yahoo.com/pz/070124/112412.html 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. In the Majority Democratic response, Senator Jim Webb (D) stated: ``Further, this is the seventh time the President has mentioned energy independence in his state of the union message, but for the first time this exchange is taking place in a Congress led by the Democratic Party. We are looking for affirmative solutions that will strengthen our nation by freeing us from our dependence on foreign oil, and spurring a wave of entrepreneurial growth in the form of alternate energy programs. We look forward to working with the President and his party to bring about these changes.'' Perihelion Global will break ground on its $40,000,000 BioFuel refinery in Opp, Alabama on Monday, January 29, 2007. The public is invited to attend. The BioFuel Refinery will be the third largest in North America overall, and the largest refiner of fuels derived primarily from peanut stock. The company projects BioFuel production capacity at approximately 40 Million gallons annually from the Opp, Alabama facility; which would provide the United States slightly more than one-tenth of one percent of the proposed mandatory fuel standard from Perihelion alone. In 2006, an estimated 200 million to 250 million gallons of BioDiesel were produced nationally, according to the National Biodiesel Board. Although industry sources have cited BioDiesel growth, it is unlikely there will be enough production online significantly before 2017 to meet the proposed mandatory fuel standard. This greatly benefits Perihelion Global, as the company expects to sell its first gallon of BioDiesel in the first quarter of 2008. This could create a market of intense demand and limited supply, whereby Perihelion would conceivably be operating at maximum capacity for the next ten years and pre-sell every gallon the refinery produces. In such a scenario, the company would anticipate revenues no less than US$400,000,000.00 across the proceeding ten years. The President's comments will only further accelerate what the company believes will be an inevitable and complete adoption of BioFuels to ensure national and economic security as well as a cleaner environment, as has been outlined in numerous interviews by Perihelion Global Chairman, Chief Executive Officer & President, John H. Beebe. Perihelion Global believes it is strategically positioned to capitalize on the reality and promise of renewable and alternative fuels. ``Perihelion Global is successfully proceeding forward with our Opp BioFuel Refinery and other strategic projects which we believe will play a key role for future United States economic and environmental health and national security,'' states Perihelion Global Chairman, Chief Executive Officer and President John H. Beebe.
-------------------------------------------------------------------------------------------------------- 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 http://biz.yahoo.com/pz/070119/112194.html 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. ``We are steadily moving forward to maximize the full asset potential of the patented Gold Mine for our company,'' said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. ``The markets continue to demonstrate a strong demand for gold and other precious metals and market price support remains strong.''
------------------------------------------------------------------------------------------------- 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 http://biz.yahoo.com/pz/070118/112125.html 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.
Under terms of the agreement, Perihelion Global will be allowed recoup the entire cost of the $40 Million BioFuel Refinery via tax abatements. The investment will be recouped at 5% of the total cost of the project per annum over 20 years. Additionally, the City of Opp, Covington County and the State of Alabama have granted a 10 year abatement of all property taxes, excluding taxes designated for funding public education. Perihelion's BioFuel Refinery in Opp, Alabama which be the largest Bio-Fuel Refinery in North America using peanuts as the primary stock and will also be the 3rd largest BioFuel Refinery in North America overall. ``We are very pleased at the package of financial incentives given to our company to build and operate our BioFuel Refinery in Opp, Alabama. The City, County and State of Alabama have been extremely positive and supportive in working with us on this project. We greatly appreciate their combined efforts to enable us to succeed in this project,'' states John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. ``The package of financial incentives truly creates a win-win arrangement for our company, our shareholders and the local community that we feel will ensure the long term success of this project.'' About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace. Website: http://www.perihelion.com
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 http://biz.yahoo.com/pz/070117/111990.html 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.
The Ground Breaking will formally launch construction of Perihelion's Bio-Fuel Refinery which will be the largest Bio-Fuel Refinery in North America using peanuts as the primary stock and will also be the 3rd largest Bio-Fuel Refinery in North America overall. Present at the Official Ground Breaking will be City of Opp Mayor H.D. Edgar; Perihelion Global Chairman, Chief Executive Officer & President John H. Beebe; members of Perihelion Global's Board of Directors and Executive Management staff; Covington County Economic Development Commission; and various Federal, State, County, and City Officials will also be on hand. Perihelion Global Management and State, County and City Government Officials will be available for questions from the Media or the Public. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace. Website: http://www.perihelion.com
--------------------------------------------------------------------------------------------- Perihelion Global Receives Initial FCC Approval for Acquisition of Radio Broadcast Stations Wednesday January 10, 5:41 pm ET http://biz.yahoo.com/pz/070110/111708.html 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.
As required by law, the Notice of Consummation for completion of the transaction will be filed with the FCC by Perihelion Global's FCC legal counsel -- Law Offices of Scott C. Cinnamon, PLLC, in Washington, D.C. The transaction is expected to be formally completed by late January 2007. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace. Website: http://www.perihelion.com The Market News First logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3162 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:
------------------------------------------------------------------------------------ Perihelion Global Completes Acquisition of Patented Gold Mine With Gold Reserves of $745 Million From Saturday Night, LLC Thursday January 4, 2007 12:31 pm ET http://biz.yahoo.com/pz/070104/111242.html 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).
Holding Gold Reserves of $745 Million USD From Saturday Night, LLC Patent Claim #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 #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 #5797 is posted on the Perihelion Global website http://www.perihelion.com for public viewing. ``This is a tremendous acquisition for our corporation,'' said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. ``We firmly believe that the value of gold and other precious metals will continue to increase in the future. As such, in addition to the gold deposits already reported, we plan to conduct further geological surveys to determine the value of the remaining precious metal and mineral deposits in our patented property.'' Adds Beebe, ``Perihelion Global plans to utilize the most proficient methods available for extracting precious metals and minerals and will entertain possible ventures that would further enhance the value of our precious metal and mineral assets.'' Two principals of Saturday Night LLC, Brian Charlesworth and Dr. Patrick La Rive, will join Perihelion Global to serve in an executive management capacity. Says Dr. Patrick La Rive, ``I am very pleased with the rapid development of Perihelion Global and the proven team that John H. Beebe has assembled. Beebe's vision for Perihelion Global is steadily becoming reality. We are thrilled to become a part of this diverse company.'' About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy, Infrastructure, Engineering, Banking and Communications. Website: http://www.perihelion.com
------------------------------------------------------------------------------------------------------- Perihelion Global Acquires FCC Broadcast Stations Wednesday December 27, 2006 3:11 pm ET http://biz.yahoo.com/pz/061227/110991.html 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.
The stations are currently owned by Beebe Communications, which was founded by Perihelion Global Chairman, Chief Executive Officer and President John H. Beebe. Financial consideration for the acquisition of the FCC licensed broadcast facilities is $1,300,000.00; to be paid in restricted stock upon closing. The transactions are expected to close after FCC approval in late January 2007. ``I am pleased to announce the acquisitions of WCMA and WTKN which will launch our communications division and also continue to add to the corporation's solid asset base,'' said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, ``With the advent of remarkable new technologies now available to existing broadcast stations, this is a great strategic fit for our long term corporate goals.'' About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of the 21st century. We lead with decades of experience in environments that are mission critical in today's global marketplace. Website: http://www.perihelion.com
--------------------------------------------------------------------------------- Tuesday December 19, 2006 12:31 pm ET http://biz.yahoo.com/pz/061219/110743.html WILMINGTON, Del. and OGDEN, Utah, Dec. 19, 2006 (PRIME NEWSWIRE) -- Perihelion Global (Other OTC:PHGI.PK - News) announced that the corporation has formally executed the Asset Purchase Agreement with Saturday Night, LLC to acquire 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 $745 Million USD ($745,000,000.00) and is 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. The transaction will be completed in full on January 2, 2007 for accounting purposes; with the official recording of transfer of the deed and Patent Claim #5797 to Perihelion Global occurring at that time. About Perihelion Global: Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace. Website: http://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:
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