SOURCE: Perihelion Global

September 20, 2007 11:27 ET

Perihelion Global Reduces Authorized Shares to 325 Million With Delaware Secretary of State; Provides Share Structure Updates

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - September 20, 2007) - Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company has further reduced the Authorized Shares of the corporation to 325 Million shares. The reduction was effective Wednesday, September 19, 2007 with the Delaware Secretary of State.

Upon completion of the merger with Vision Works Media Group on October 24, 2006, the company inherited an authorized share structure of 30,200,000,000 (30+ Billion) shares. Since that time, the company has worked to successfully reduce the Authorized Shares by 99% to 325 Million. Although not currently reflected in the company's price per share, the company has been diligent during this time in resolving any potential concerns in its Shares Outstanding. The current Outstanding Shares of the company are 130,177,400.

The company wishes to inform its shareholders that there are no acquisitions planned at this time that should have a substantial effect on the company's share structure. All pending, future or anticipated acquisitions previously announced will conform within the company's new Authorized Share structure. Additionally, the company wishes to inform its shareholders that the pending acquisitions of the OTCBB shell companies are expected to be completed without the assumption or inheritance of liabilities by the company.

The company intends to announce an update on the progress and status of its Canadian based Perihelion Canada, Inc. subsidiary in the near future.

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: 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