SOURCE: Perihelion Global

July 17, 2007 15:01 ET

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

SANTA ROSA BEACH, FL and WILMINGTON, DE--(Marketwire - July 17, 2007) - Perihelion Global, Inc. (PINKSHEETS: PHGI), 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

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.perihelionglobal.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:

--  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