SOURCE: Perihelion Global

December 19, 2007 14:04 ET

Perihelion Global Receives Delivery of Refinery Building at Opp, Alabama Refinery Site; Construction Slated to Begin Later Today

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - December 19, 2007) - Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company has received delivery of the TITAN II building components from Capital Construction, Inc. for use at its Opp, Alabama refinery site.

As announced in October, the company selected Montgomery, Alabama-based Capital Construction to facilitate the installation of the Cover-All Building Systems' TITAN II series building for phase one of Perihelion's Opp, Alabama refinery site. The company is pleased to note that the materials and equipment have been received and will be delivered to the Opp refinery site this afternoon by Capital Construction. Capital Construction has notified the company that it is scheduled to start erecting the steel frame components of the building on-site today (weather permitting). Construction crews have arrived in Opp, Alabama early this morning as part of the assembly team.

Shareholders and interested parties can continue to view the progress of the construction at the PeriheliBlog site located at: http://www.perihelionglobal.com/blog. Those wishing to view the free webcams are again advised that there may be periods of heavy traffic which may adversely affect the connectivity of the stream. The company also reminds shareholders and interested parties that the Opp refinery site is an active construction zone. Tours of the facility are conducted only by pre-arrangement, and only authorized personnel are allowed on site due to insurance and safety regulations.

The delivery and construction of the TITAN II building that will house the phase one refinery marks a key milestone towards the completion of the refinery. The company anticipates that the internal assembly of the refinery components (piping, tanks, etc.) will begin shortly after completion of the building structure and should position the refinery for initial production early in 2008. The company remains committed to delivering a viable and economically salient biodiesel refinery for the benefit of Alabama, the southeast region, and the United States as a whole.

Those interested in employment opportunities with Perihelion are reminded that resumes may be submitted to employment@perihelion.com for consideration (in Microsoft Word format). Employment information is also available on the Opp, Alabama Chamber of Commerce website at http://www.oppchamber.com.

The company will provide further progress updates on the refinery as made available by management.

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.

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