SOURCE: Perihelion Global

July 10, 2007 09:20 ET

Perihelion Global Receives Formal FCC Broadcast Consent for WCMA Radio Station Power Increase

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - July 10, 2007) - Perihelion Global (PINKSHEETS: PHGI) today announced that the company has been granted a formal "License to Cover" from the United States Federal Communication Commission (FCC) for its WCMA-AM radio station to broadcast a non-directional signal at 50,000 watts (50kw), which is the maximum broadcast power allowed AM stations in North America.

Perihelion Global acquired the station earlier in the year from Beebe Communications, who had been granted FCC approval to re-engineer the station to increase its broadcast power from 5,000 watts to the FCC maximum of 50,000 watts non-directional. The formal FCC "License to Cover" consent will allow the station to cover Northern Florida, Southern Alabama and Southwestern Georgia.

Formal notice of the FCC consent was granted on July 2, 2007 and can be accessed on the FCC's website at: http://svartifoss2.fcc.gov/cgi-bin/ws.exe/prod/cdbs/pubacc/prod/app_det.pl?Application_id=1183813

The station is now fully operational, licensed and broadcasting at 50,000 watts. Of significant note to shareholders, WCMA-AM is one of the most powerful FCC licensed broadcast stations in North America. More importantly, WCMA's 50kw FCC broadcast license, broadcast tower, land, broadcast studio building, 50kw transmitter and broadcast equipment are owned outright and debt free. This represents a substantial, debt free asset of the company. In the near term, the company will begin to develop full-scale operations for the station, including launching cutting-edge content (including HD-Radio capability), as well as creating advertising and marketing programs to secure initial revenue streams.

John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global, stated, "We are pleased to announce we have been granted formal FCC consent to broadcast at the maximum power allowed for AM stations in North America. This represents a substantial revenue potential for our company." Adds Beebe, "Our expanded broadcast coverage area, and new technology in the broadcast industry will enable us to provide traditional radio broadcast combined with customized, on demand data and information services from one facility over sections of Florida, Alabama and Georgia."

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: 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