New York, NY, March 26, 2018 (GLOBE NEWSWIRE) -- PHI Group, Inc., (www.phiglobal.com) (OTCQB: PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture and special situations, announced today that it has signed agreements with Bao Lam LLC, a company registered in the Province of Dak Lak Province, and Phuong Hoang Investment and Development LLC, a company registered in Ha Tinh Province, Vietnam, to grow a total of 3,000 hectares (approximately 7,400 acres)of sacha inchi in the provinces of Dak Lak, Dak Nong and Thua Thien Hue for export to the U.S. and European markets.
Originally from the Amazon rainforest and the high Andes Mountains of Peru, sacha inchi has been part of the Inca diet for 3,000 years. The sacha inchi plant, plukenetia volubilis, a rainforest vine, with star-shaped seed pods, is currently cultivated primarily in parts of Southeast Asia and South America. Sacha inchi has been recognized for a number of health benefits:
- Weight loss: As one of the richest sources of plant-based omega-3 fatty acids, sacha inchi nuts can help balance cortisol levels. When cortisol levels are controlled, food cravings and mood swings are reduced. In fact, medical personality Dr. Oz lists sacha inchi as one of his best snacks for weight loss.
- Heart health: Medical studies have shown that sacha inchi's high concentration and proper balance of omega-3 and omega-6 fatty acids reduce the risk of heart disease. Its fats are largely monounsaturated and polyunsaturated.
- Complete protein: As a complete protein, sacha inchi contains every amino acid our body needs to function properly. Sacha inchi provides 9 grams of protein per serving.
- Bone health: Since sacha inchi is high in omega-3 fatty acids, it can support bone structure. Omega-3 fatty acids enhance bone mineral content by helping the body absorb calcium. Eating more foods rich in omega-3s can help protect bones as people age.
- Skin and hair: Sacha inchi nuts provide nutrients that promote supple skin and silky hair. Omega-3 fatty acids support hydration and protect against inflammation, while the vitamin E found in sacha inchi prevents free radical damage that can harm skin.
Mr. Hoang Ngoc Viet, President of Bao Lam, LLC, stated: “We are delighted to partner with PHI Group to focus on the cultivation of sacha inchi in Dak Lak and Dak Nong Provinces, Vietnam, in order to meet the growing global demand for this amazing food. We are also confident that this crop will provide much better return on investment for our land.”
Dr. Hoang Anh Dung, President of Phuong Hoang Investment and Development, LLC, said: “We look forward to working with PHI Group, Inc. to grow sacha inchi in Thua Thien Hue Province as this crop can be a very desirable component of specialty foods and a superior substitute for current regular cooking oil, thanks to the benefits of its unparalleled combination of Omega 3, 6 and 9 fatty acids.”
Henry Fahman, Chairman and CEO of PHI Group, Inc., concurred: “ We are very pleased to mobilize important resources to assist our partners Bao Lam, LLC. and Phuong Hoang Investment and Development, LLC. in stepping up our common plan of growing sacha inchi in Vietnam, including superior funding sources, proven farming methods, proprietary organic fertilizers, special watering system using our PHI EZ Water technology (www.phiezwater.com) and growing export markets for sacha inchi end products.”
About PHI Group
PHI Group (www.phiglobal.com) primarily focuses on mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value. PHI Group also provides M&A and consulting services through its wholly owned subsidiary, PHI Capital Holdings, Inc. (www.phicapitalholdings.com)
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