SOURCE: Perihelion Global

May 08, 2008 09:10 ET

Perihelion Global Granted Membership Into National Biodiesel Board

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - May 8, 2008) - Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the Company through its energy division has been granted membership into the National Biodiesel Board as a full-voting, producing member.

The National Biodiesel Board (NBB) is organized exclusively to promote the common business interests of those parties seeking to advance the use of Biodiesel as a fuel or fuel additive that meets ASTM standards. The Company has fully met the NBB eligibility requirements for Biodiesel producers and has recently been added to the producing member list at the NBB website.

As members of the NBB, the Company now has access to extensive benefits including legislative, industrial, environmental, educational, and marketing resources. Additionally, as a producing member of the NBB, the company can utilize extensive environmental test data conducted by the NBB for compliance with EPA regulations.

John H. Beebe, President & CEO of Perihelion Global, commented, "We are pleased to have been granted membership into the National Biodiesel Board and join a diverse group of companies, large and small, that believe in Biodiesel. We look forward to working with the National Biodiesel Board and its members to further the Biodiesel Industry."

Lamar Lindsey, Manager of Perihelion's Opp Biofuel Refinery, stated, "We believe our Company can make a positive impact in our region by producing a cleaner, economically-sound diesel fuel solution from non-edible feedstock sources."

The Company believes its initial investments into clean energy production have been justified by current economic and environmental climate. The U.S. Energy Information Administration's just-released May 6, 2008 Short-Term Energy Outlook projects diesel fuel prices to average $3.94/gallon for the remainder of 2008. Crude Oil prices continue to set record highs and recently traded over $123 a barrel. Both continue to bolster the economic and environmental benefits of the Company's Biodiesel fuel.

About the National Biodiesel Board:

The mission of the National Biodiesel Board is to advance the interests of its members by creating sustainable biodiesel industry growth. NBB serves as the industry's central coordinating entity and will be the single voice for its diverse membership base. Industry growth will be achieved through public affairs, communications, technical, and quality assurance programs. We are dedicated to inclusiveness and integrity.

For more information, visit http://www.biodiesel.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 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications.

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
    866-748-7610 (Toll Free)