WILMINGTON, Del; OPP, Ala., Jan. 31, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Pink Sheets:PHGI) announced that the corporation has filed a Uniform Grain and Rice Storage Agreement (UGRSA) application with the U.S. Dept of Agriculture to enable Perihelion Global to purchase and store feedstock grain supply for its BioFuel Refinery in Opp, Alabama. The applications have been formally filed with the U.S. Dept of Agriculture Commodity Credit Corporation (CCC) Commodity Management Division.
The company expects to use 1 ton of feedstock per day to produce 40 Million Gallons of fuel grade BioDiesel annually. Licensure with the U.S. Department of Agriculture will provide Perihelion Global a strategic advantage by allowing the company to buy and store feedstock from the U.S. Department of Agriculture Commodity Credit Corporation in addition to private feedstock producers.
Upon formal approval, Perihelion Global expects to store up to 60 Tons of feedstock supply -- primarily peanuts, rapeseed and cotton seed onsite at its Opp, Alabama facility. The land for the feedstock storage facility was provided to Perihelion Global by the City of Opp and will be co-located with the company's BioFuel Refinery in the Opp Industrial Park.
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: www.perihelion.com
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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.
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-- 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.
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