SOURCE: Perihelion Global

April 21, 2008 12:51 ET

Perihelion Global Receives Temporary Operating Permit From Alabama Department of Environmental Management; Completes Installation of Security Fence

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - April 21, 2008) - Perihelion Global (PINKSHEETS: PHGI) ("the Company"), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the Company has received a temporary operating permit from the Alabama Department of Environmental Management ("ADEM") allowing Perihelion to begin production of BioDiesel under applicable Alabama environmental regulations at its Opp, Alabama Biofuel Refinery.

With receipt of the permit, the Company intends to produce several evaluation batches of B100 BioDiesel from multi-feedstock sources. The evaluation process will stress refinery components, ensure that there are no leaks or mechanical errors, allow management to review best practices for production, and test completed batches against ASTM/EN published standards for quality. The temporary operating permit grants the Company full operation during the initial phase of its Opp, Alabama refinery for a period of six months.

Management is also pleased to announce it has successfully completed construction of a HAZMAT security fence around a 5-acre perimeter of Phase One of its Opp, Alabama Biofuel Refinery site in accordance with the Company's Hazardous Materials Security Plan. The perimeter security fence will serve to ensure the safety of the local community by securing all HAZMAT materials in compliance with federal, state and local regulations, while protecting the Company and its interests from unauthorized personnel gaining access to the site or HAZMAT materials.

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

Energy Division: http://www.perihelionenergy.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)