SOURCE: Perihelion Global

March 11, 2008 08:45 ET

Perihelion Global Secures Purchase of 24 Tons of Feedstock; Chooses Purolite for Phase One Refinery

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - March 11, 2008) - Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the Company has prepaid for initial delivery of 24 tons of feedstock to be received within 7 days at the Company's Phase One Refinery in Opp, Alabama.

As recently announced, Perihelion reached an agreement with Griffin Industries to supply certain feedstocks for use with Perihelion's BioFuels Division. Perihelion and Griffin management moved expeditiously to secure the initial purchase agreement, which will bring a substantial quantity of high-quality feedstock to the nearly completed Phase One Refinery location in Opp, Alabama. The supply of feedstock is believed ample to begin initial production immediately following completion of construction, which management anticipates should occur during the current calendar month.

The Company and its contractors are currently finalizing the interior components of the refinery, including the on-site laboratory and internal electrical and mechanical mechanisms. Management notes that at the conclusion of construction, the Company will process several evaluation BioDiesel batches to ensure they meet the highest quality standards. Securing a significant amount of feedstock prior to the refinery's completion has enabled the Company to create a seamless transition path to a production environment. Prepayment of this purchase protects the Company from unexpected agricultural/commodities increases and allows for more detailed initial laboratory work.

To make certain the Company will be producing the highest-quality BioDiesel available, Perihelion has chosen Purolite Biodiesel Purification Adsorbent for use at its Phase One Refinery. Purolite is a dry polishing media specifically formulated for removing by-products remaining after transesterifcation to produce BioDiesel. Purolite's PD206 ION exchange resin will enable the Company's finished BioDiesel product to meet ASTM/EN specifications by removing residual glycerin, water, and trace methanol, among other key properties. The Company recognizes Purolite as an industry-leader in this field, and management analysis concluded Purolite to be the superior and most cost-effective choice for the needs of the Phase One Refinery.

Investors are apprised that the Company has purchased the feedstock and Purolite products outlined in this release with funds created from the issuance of equity. The Company has incurred no debt as a result of these purchases, and continues to maintain a strong policy of utilizing its share capital to acquire assets and operations that will best create future revenue and earnings.

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.


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)