HaHaHaHa ICOA's erwin and George woulda taken a ckeck for 5 mil, LMAOfffffffzzz 400 mil WOW, I Thank GOD tho, Im out and close to breakeven, Probably my last chance to do sooooooooooooo!!!LOL
PHI Group CEO Henry Fahman will host a conference call for shareholders and investors at 04:30 P.M. EST on Monday, November 26, 2012. To participate in the conference call, dial +1-209-647-1000 and enter Conference ID 767368#. ------------------------------------------------------------
Today's newsletter I am covering the recent steps that Phi Group CEO Henry Fahman is involved with the move to Coal and Supply Chain Management. There have been numerous News Releases that I feel are important of the Progress Henry has achieved. I feel it is very important at this point to find out were we stand now. As most of you should know by now Henry has been very active in the Power Conferences and the Coal and mining conferences in the region the last couple of months.
This is were Henry has established a strong business background of Managing all aspects of the Coal and power needs of the future of Viet Nam and the region in general. As you read everyday most of the countries of the world are increasing there needs for Power related supplies and especially the region in General.
There is much competition now in the region with India and China both increasing the imports every year already. This is creating a new market to decrease the recent exports of coal out of Vietnam and move the next couple of years to importing coal. Also at the same time as the company grows Henry has moved to other countries to help the goal of managing over 1 billion tons of coal a year as well as creating new customers for the mines they are acquiring.
At the same time as setting the framework for the new direction as well as the customers for the movement of the products, Henry is Liquidating all the real estate assets from the last couple of years as Phi Group changes the direction. We are now set for a conference call today were Henry will bring us up to date of all the recent progress and his trip to Indonesia this last week. I am confident there will be much needed information as well as new information on the progress to start the moving of coal.
The news had started with the Viet Power conference were Henry established the new direction of the company into all aspects of Power. This included electric generation from Wind, Coal, Wave action and all aspects of power generation. At the same time this established the need for supply management of natural and agriculture resources involved with power.
While this was started Henry immediately hit the ground running in to signing new mines under MOU for due diligence and started working with several companies like Global and others. These working relationships, all though complex are setting the companies partnerships into other wind and energy specialists ahead.
From here I will detail the information in today's conference call and the direction of the recent Indonesian trip. I will also write a newsletter about the two mines in Indonesia TSA and the AHR projects. In this next newsletter I will have the mines broken down to output and what this means in possible revenues. Make sure you set the time for Today's conference call and we will see the next stages of Phi Group Inc. Dave
PHI Group Provides Corporate Updates
Company Announces Nov. 26 Conference Call
LAS VEGAS, NV and HANOI, VIETNAM, Nov 21, 2012 (MARKETWIRE via COMTEX) -- PHI Group, Inc. (OTCQB: PHIL), a company focused on energy and natural resources, today provided updates on a number of corporate issues for the company's shareholders and investors. The company also announced a conference call for shareholders and investors on November 26.
The company is currently striving to complete its annual audit for the fiscal year ended June 30, 2012 in order to file all the outstanding reports with the Securities and Exchange Commission with the intent of resuming its status as a fully reporting company with the SEC by December 31, 2012 or shortly thereafter.
The company will reserve the number of shares allocated for a previously announced special dividend on the books of the company by November 30, 2012 and will postpone the date of the distribution to March 31, 2013. The company intends to promptly file a registration statement to include the dividend shares so that eligible shareholders will be able to receive free-trading shares instead of restricted securities when the registration statement becomes effective.
The company will negotiate with and engage the owners of the AHR and TSA coal concessions in Indonesia as local partners by reducing its acquisition holdings to 70-80% in these projects from 100% as previously contemplated. The company continues to investigate other opportunities to add to its portfolio of coal assets in Indonesia in order to provide long-term coal supplies to Asia Pacific countries, especially Vietnam, in the years ahead.
The company is in the process of divesting other businesses from its core holdings in order to concentrate on the development of its energy and natural resources activities.
PHI Group CEO Henry Fahman will host a conference call for shareholders and investors at 04:30 P.M. EST on Monday, November 26, 2012. To participate in the conference call, dial +1-209-647-1000 and enter Conference ID 767368#.
Topics to be discussed include supply chain management activity, coal concession acquisition and operation plan, power plant projects, renewable energy initiatives, divestiture of non-core businesses and the potential up-listing of the company's stock.
There will be a session for live questions and answers; however, priorities will be given to individual shareholder questions submitted at least one day in advance via email to info@phigroupinc.com.
About PHI Group Focused on energy and natural resources, PHI Group (OTCQB: PHIL) cooperates with local companies in Asia to develop power plants, accumulates coal assets and other natural resources, and provides advanced renewable energy technologies in conjunction with select industry partners. Website: www.phigroupinc.com/.
Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Copyright 2012 Marketwire, Inc., All rights reserved.
HP.ITA Corporation Provides Update on Merger and Progress of Public Listing
LAS VEGAS, NV and HANOI, VIETNAM, Nov 19, 2012 (MARKETWIRE via COMTEX) -- PHI Group, Inc. (OTCQB: PHIL), a company focused on energy and natural resources, today announced that its formerly majority-owned subsidiary HP.ITA Corporation, a Nevada corporation, has signed a rescission agreement to terminate a merger agreement with Vietnam-based HP.ITA JSC. Concurrently, HP.ITA Corp. agreed to acquire 100% of HP W&I JSC, a newly formed Vietnamese company that owns two real estate development projects from HP.ITA JSC. According to HP.ITA JSC management, this company has invested US$89.7 million in the Bao An Project consisting of three residential and commercial towers in the An Khanh Industrial Complex, Hoai Duc District and the Xuan Phuong Nursing Center and Villa Project in Tu Liem District, both in Hanoi, Vietnam. Shareholders of HP W&I will receive newly issued shares of common stock of HP.ITA Corporation in exchange for their ownership in HP W&I JSC. PHI Group, which has begun to divest from other businesses to focus on energy and natural resources, will retain a minority interest in HP.ITA Corp. PLS CPA conducted fieldwork last month and will continue to complete the audits of both HP W&I JSC and HP.ITA Corp for the combined company to file a registration statement with the SEC. Richard Phan, Chairman and CEO of Phanet Holding Corp., the former parent of HP.ITA JSC, commented: "We are pleased that these actions taken will help us complete our audited financial statements and enable us to more quickly file a registration statement with the SEC to become a fully-reporting public company. This is expected to create additional value and enhance liquidity for our shareholders as well as make it be easier for investors to participate in our growth." About PHI Group Focused on energy and natural resources, PHI Group (OTCQB: PHIL), cooperates with local companies in Asia to develop power plants, accumulates coal assets and other natural resources, and provides advanced renewable energy technologies in conjunction with select industry partners. Website: www.phigroupinc.com/. About HP.ITA Corporation HP.ITA Corporation serves as a holding company for real estate investments in Vietnam, including the Bao An and Xuan Phuong projects currently owned by HP W&I JSC in Hanoi, Vietnam. Website: www.hpitacorp.com (http://www.hpitacorp.com/) Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected, on the basis of such forward-looking statements.
Contact Henry Fahman Tel: +1-702-475-5430 Email: Email Contact
Copyright 2012 Marketwire, Inc., All rights reserved.
** PHI Group Launches Supply Chain Management Operation ------------------------------------------------------------
LOS ANGELES, CA and HA NOI, VIETNAM -- (Marketwire) -- 10/31/12 -- PHI Group, Inc. (OTCQB: PHIL (http://www.nasdaq.com/symbol/phil) ), a company focused on energy and natural resources, today announced that the Company has set up a supply chain management operation to provide industrial and agricultural commodities to Asia and other parts of the world. The supply chain management division plans to partner with key producers and suppliers of industrial and agricultural commodities to offer reliable products and customer service to end-users and importers. To date, the Company has signed agreements with several producers and suppliers of thermal and coking coals to provide coal supplies to Vietnam and other Asian countries. The Company is also active in other products, including manganese, iron ores, palm oil, sugar, etc., and expects to gradually expand its scope of trading activity as time goes by. The supply chain management division will play an important role in developing business channels for the Company's coal and other natural resource operations in the future as PHI Group continues to accumulate and develop long-term coal resources in Indonesia to meet the growing needs of energy in the Southeast Asian region as well as Japan, Korea, China and India. PHI Group also intends to allow end-users' participation in certain coal and other resource concessions and provide supplies to these co-owners/end-users on a priority basis. Management believes the supply chain management operation will be a profit center that can generate regular revenues and profitability for the Company in the very near future. For more information, please contact: supplychain@phigroupinc.com. About PHI Group
Focused on energy and natural resources, PHI Group (OTCQB: PHIL (http://www.nasdaq.com/symbol/phil) ), cooperates with local companies in Asia to develop power plants, accumulates long-term coal and other natural resources, and provides advanced renewable energy technologies in conjunction with select industry partners. Website: www.phigroupinc.com/. Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Add to DiggBookmark with del.icio.usAdd to Newsvine Contact:
Henry Fahman +1-702-475-5430 Email Contact
Source: PHI Group, Inc
** PHI Group Signs New LOIs to Acquire Indonesian Coal Resources ------------------------------------------------------------
LOS ANGELES, CA and HANOI, VIETNAM -- (Marketwire) -- 10/29/12 -- PHI Group, Inc. (OTCQB: PHIL (http://www.nasdaq.com/symbol/phil) ), a company focused on energy and natural resources, today announced that the Company has signed new Letters of Intent to acquire two coal concessions with total estimated resources of approximately 210 million metric tons in South Kalimantan and West Sulawesi, Indonesia. These concessions cover roughly 10,000 hectares of land and have been granted the operation and production licenses from appropriate Indonesian government agencies. According to the agreements, PHI Group will complete due diligence reviews of both concessions and prior to signing definitive agreements to fix the final prices, terms and conditions for closing, subject to satisfactory due diligence results. The transactions are part of the Company's on-going program to accumulate natural resource assets and provide long-term coal supplies to Vietnam and other Asian countries. It is estimated that Vietnam will need to import about 24 million tons of coal a year by 2017. The Company has been in discussions with major international engineering firms and mining contractors in Indonesia to assist in the evaluation, mine planning, and operation of these and other potential concessions. The Company is in the process of investigating other opportunities and will also enter into letter of intent and complete the required due diligence for each transaction in order to make further acquisition decisions. This accumulation program of coal and other natural resource assets will continue for several years to come. About PHI Group Inc. Focused on energy and natural resources, PHI Group, Inc. (OTCQB: PHIL (http://www.nasdaq.com/symbol/phil) ), cooperates with local companies in Asia to develop power plants, accumulates long-term coal resources, and provides advanced renewable energy technologies in conjunction with select industry partners. Website: www.phigroupinc.com/. Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Add to DiggBookmark with del.icio.usAdd to Newsvine Contact:
Henry Fahman +1-702-475-5430 Email Contact
Source: PHI GROUP, INC. Kalimantan Coal Conference
** HP.ITA Corporation Engages Auditors to Perform Financial Audits to Go Public in the U.S. Stock Market ------------------------------------------------------------
LOS ANGELES, CA and HANOI, VIETNAM -- (Marketwire (http://www.nasdaq.com/article/hpita-corporation-engages-auditors-to-perform-financial-audits-to-go-public-in-the-us-stock-market-20121026-00013) ) -- 10/26/12 -- HP.ITA Corporation (fka Provimex, Inc.), a Nevada corporation founded in 2004, announced today that the Company has engaged PLS CPA, an independent San Diego-based PCAOB-registered auditing firm, to perform the audit of the Company's financial statements and those of HP.ITA Joint Stock Company, a Vietnamese company, in order go public in the U.S. stock market. The auditing staff of PLS CPA will be arriving in Ha Noi, Vietnam on October 26, 2012 to begin the fieldwork and perform the financial audit of HP.ITA JSC. The company will incorporate the combined audited financial statements of both HP.ITA Corporation and HP.ITA JSC to file a registration statement with the SEC and become a fully reporting publicly traded (http://www.nasdaq.com/article/hpita-corporation-engages-auditors-to-perform-financial-audits-to-go-public-in-the-us-stock-market-20121026-00013) company in the U.S. Richard Phan, Chairman and CEO of Phanet Holding Corp., the former parent of HP.ITA JSC, commented: "We look forward to completing the audited financial statements and filing the registration statement. As a public company, we will be able to create additional value and enhance liquidity for our shareholders as well as make it easier for more investors (http://www.nasdaq.com/article/hpita-corporation-engages-auditors-to-perform-financial-audits-to-go-public-in-the-us-stock-market-20121026-00013) to participate in our growth." About HP.ITA Corporation HP.ITA Corporation will serve as a holding company for real estate investments in Vietnam, including the Bao An Tower Project and the Xuan Phuong Nursing Center and Villa Project currently developed by HP.ITA JSC in Ha Noi, Vietnam. Website: www.hpitacorp.com About Phanet Holding Corp. and HP.ITA JSC Phanet Holding Corp. is one of the first Vietnamese global angel and capital investor groups. HP.ITA JSC, a former wholly owned subsidiary of Phanet Holding Corp (http://www.nasdaq.com/article/hpita-corporation-engages-auditors-to-perform-financial-audits-to-go-public-in-the-us-stock-market-20121026-00013) ., is a Vietnamese company engaged in real estate development. Website: http://www.phanetholdingcorp.com About PHI Capital Holdings PHI Capital Holdings, Inc., a subsidiary of PHI Group, Inc. (PINKSHEETS: PHIL (http://www.nasdaq.com/symbol/phil) ), is engaged in M&A advisory and consulting services. Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected, on the basis of such forward-looking statements. Contact Richard Phan Tel: +1-202-241-1352 Email: Email Contact
Source: PHI Capital Holdings, Inc.
** PHI Group's Chairman and CEO Henry Fahman Speaks at the 4th VietPower Conference ------------------------------------------------------------
** Follow The Wave of The Best Boards On IHUB ------------------------------------------------------------
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