SOURCE: Perihelion Global

March 11, 2008 11:51 ET

Revised: Perihelion Global Secures Purchase of 24 Tons of Feedstock; Chooses Purolite BioDiesel Purification for Opp 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 and drywash ION exchange resins. It is expected that the feedstock will be received at the Company's Phase One Refinery in Opp, Alabama within 7 days.

As recently announced, Perihelion has secured certain feedstock supplies from Griffin Industries for use with Perihelion's BioFuels Division. The purchase of feedstock should allow the Company to begin initial production following assembly of the initial refinery components on Phase One of the Opp Biofuel Refinery. Management anticipates initial assembly of the refinery components to allow production to occur will be completed during the current calendar month.

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 purchased the feedstock and Purolite products outlined in this release with funds raised from the issuance of equity. The Company incurred no debt as a result of these purchases.

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.

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

  • Contact:

    John H. Beebe
    Chairman, Chief Executive Officer & President
    866-748-7610 (Toll Free)