SOURCE: Perihelion Global

November 02, 2007 16:00 ET

Perihelion Global Recognizes Area Businesses Contributing to Opp, Alabama Refinery Construction

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - November 2, 2007) - Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced recognition of additional area businesses that are contributing to the construction of its first Opp, Alabama biodiesel refinery.

The company would like to recognize the following businesses, in the Southern Alabama region, for providing services and support. These businesses are in addition to those recognized in the October 16, 2007 company release. All companies listed, with the exception of the electrical contractor, are currently and actively providing services. The electrical work will begin when construction reaches the appropriate stage.

Ala-Web - Opp, Alabama - Internet Access and Webcam Stream

Data Net - Opp, Alabama - Computer Hardware and Software

Breedlove's Ace Lumber & Building Supply - Opp, Alabama - Pre-Concrete
Supplies (rebar, triple rod chairs, wire mesh, plastic ground covering,

Couch Ready Mix USA - Dothan, Alabama - Concrete

Colquett Oil - Opp, Alabama - Storage Tanks

Airgas South - Enterprise, Alabama - Gas and Welding

Stuart C. Irby Electrical Distributor - Dothan, Alabama - Electrical and

"We're proud to support the local Alabama economy during the construction phase of this project," stated Michael Varley, Executive Vice President of Perihelion Global. "In addition to creating new jobs when the refinery is completed, keeping the majority of construction costs in the hands of area businesses helps strengthen the region as a whole. We've always been impressed by the entrepreneurial spirit thriving in and around Opp, and are delighted we've been able to include a number of area businesses as key components to the 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: Technology, Energy and Communications.


Caution Regarding Forward-Looking Statements

This press release contains historical information as well as forward-looking statements that are based upon our estimates and anticipation of future events that are subject to certain risks and uncertainties that could cause actual results to vary materially from the expected results described in the forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "hopeful," "intend," "may," "optimistic," "preliminary," "project," "should," "will," and similar expressions are intended to identify these forward-looking statements. There are numerous important factors that could cause our actual results to differ materially from those in the forward-looking statements. Thus, sentences and phrases that we use to convey our view of future events and trends are expressly designated as Forward-Looking Statements as are sections of this news release clearly identified as giving our outlook on future business.

These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events:

-- General economic conditions, either nationally or in our market area, that are worse than expected;

-- regulatory and legislative actions or decisions that adversely affect our business plans or operations;

-- price competition;

-- inflation and changes in the securities markets that adversely affect the fair value of our operations; and

-- changes in our organization, compensation and benefit plans.

We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and wish to advise readers that the factors listed above could affect our financial performance and could cause actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. We do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

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