SOURCE: Perihelion Global

March 13, 2008 09:00 ET

Perihelion Global to Host Shareholder Conference

Receives Delivery of Initial Feedstock Order From Griffin Industries

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - March 13, 2008) - Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that management has approved a multimedia-based shareholder conference to update shareholders and the investment community at-large with current developments regarding Perihelion's businesses.

The conference will feature an overview of Perihelion's business plan from CEO John H. Beebe, including updates on Perihelion's Phase One Refinery in Opp, Alabama, its FCC radio properties, and its patented mine on the Utah/Nevada border. After the Company's remarks, shareholders will be allowed to participate in the call through an open question and answer session with Perihelion management. Management members joining Mr. Beebe on the conference will be Ed Villarreal, Chief Operations Officer, Michael Varley, Executive Vice President, Lynn Bartholomew, Senior Vice President, and Bill Roncali of Perihelion's Biofuel Division. Registration for the event will be required and registration information will be provided in a subsequent release and on the Perihelion website when it becomes available. It is anticipated that the shareholder conference will be scheduled within the next 45 calendar days.

The Company also wishes to notify investors that it has successfully received delivery of the initial feedstock order from Griffin Industries, totaling 24 tons. The Company expects to make additional purchases with Griffin over the short term, and is committed to securing an appropriate supply of feedstock to allow for consistent BioDiesel production. With crude oil prices reaching a record $110/barrel Wednesday, the Company understands the urgency to bring new domestic fuel sources online is greater than ever. With the Phase One Refinery expected to yield initial batches of BioDiesel before the end of the current calendar month, Perihelion is well positioned to establish itself as both an economically viable and environmentally responsible member of American Energy industry.

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)