SOURCE: Perihelion Global

July 09, 2007 09:00 ET

Perihelion Global Announces Perihelion Canada, Inc. as Name of Canadian Subsidiary; Retains Canadian Law Firm of Langlois Kronström Desjardins of Montreal

SANTA ROSA BEACH, FL and WILMINGTON, DE--(Marketwire - July 9, 2007) - Perihelion Global, Inc. (PINKSHEETS: PHGI), 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 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.

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

About Langlois Kronström Desjardins:

Langlois Kronström Desjardins is a team of more than 100 lawyers serving clients in three offices in the Province of Quebec. We're highly dedicated business lawyers for business people. We offer all the services that individuals, public and private institutions, companies, whether on the national or international stage, can expect from a law firm that operates in a truly human fashion. We're continuously reinventing ourselves, so you can benefit from the most novel strategies and ideas. By harnessing the synergy between our various areas of practice, we offer business solutions better adapted to your specific needs.

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.

Contact Information

  • Contacts:
    John H. Beebe
    Chairman, Chief Executive Officer & President
    Perihelion Global
    866-748-7610 (Toll Free) x 719
    john@perihelion.com

    Michel Lebeuf, Esq.
    Langlois Kronstrom Desjardins
    Corporate / Commercial Group - Montreal
    Telephone: 514 842-9512
    E-Mail : michel.lebeuf@lkd.ca