SOURCE: Perihelion Global

August 30, 2007 09:27 ET

Perihelion Global Retains CDG Engineers & Associates Inc. for Engineering, Permitting, and Consulting Services

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - August 30, 2007) - Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company has retained CDG Engineers & Associates, Inc. for engineering, permitting, and consulting services related to the planning and operations of its future Biodiesel refineries.

CDG Engineers & Associates, Inc. (CDG) is a diversified engineering and consulting firm with expertise in civil, environmental and geotechnical engineering, geology, hydrogeology and associated fields. With offices in Andalusia, Albertville, Birmingham, Dothan, Hoover, AL and DeFuniak Springs, FL, CDG has a significant presence in Alabama and the surrounding states. Perihelion Global will rely on CDG to provide expertise and guidance throughout all processes of constructing its Opp, Alabama biodiesel refinery as well as other relevant projects.

In addition, the company announced that it has expanded the responsibilities of Michael R. Varley, Executive Vice President of Perihelion Global to include oversight and coordination of the engineers, contractors and consultants for company's BioFuel Refinery Projects.

Commenting on the retainer of CDG, Varley stated, "I have always strongly believed in hiring from a pool of qualified local talent to support the communities we do business in. CDG Engineers and Associates came highly recommended. Not only does CDG have an outstanding reputation in the community, they also have a strong, positive working relationship with the Alabama Department of Environmental Management (ADEM). I feel our decision to hire CDG to assist us in the state of Alabama is a win/win solution for all concerned parties."

Mark Pugh, President of CDG Engineers & Associates, Inc., added, "I am pleased that CDG has the opportunity to assist Perihelion Global with their engineering needs for their Biodiesel Plants in Opp, and I look forward to this project and any future projects where we may be of assistance."

About CDG Engineers & Associates, Inc. (CDG)

CDG Engineers & Associates, Inc. (CDG) is a diversified consulting firm with expertise in civil, environmental and geotechnical engineering, geology, hydrogeology and associated fields. With offices in Andalusia, Albertville, Birmingham, Dothan, Hoover, AL and DeFuniak Springs, FL. CDG has a significant presence in Alabama and the surrounding states.

The firm is equipped with state-of-the-art facilities for computer-aided engineering design, subsurface investigation, soil and water analysis, and surveying, as well as a materials testing laboratory certified by ALDOT, AASHTO and the U. S. Army Corps of Engineers.

The combination of our high-tech facilities and well-trained, experienced professional, technical and administrative staff of more than 130 employees has enabled us to successfully complete numerous projects including site design, natural gas distribution, storm drainage, water supply and distribution, phase I and phase II environmental assessments, and over a dozen additional proficiencies.

For more information visit: http://www.cdge.com

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:
    Michael R. Varley
    Executive Vice President
    Perihelion Global, Inc.
    850-231-1347
    mvarley@perihelion.com

    Mark Pugh
    President
    CDG Engineers & Associates, Inc. (CDG)
    334-222-9431
    mpugh@cdge.com