SOURCE: Perihelion Global

September 05, 2007 09:20 ET

Perihelion Global Completes Access Roads Over Federal Land to Patented Mine Claim; In Discussions for Material Processing Agreement

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - September 5, 2007) - Perihelion Global (PINKSHEETS: PHGI), 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.

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.


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

    Ed Villarreal
    Chief operations Officer
    Perihelion Global