PHIL SIZABLE ORDERZZZ NEWZZZ //PHI Group Reports Progress

New Post Public Reply Private Reply Replies (0) Message Board
Compensated Post
shakerzzz

[b]PHIL >> SIZABLE ORDERZZZ NEWZZZ //PHI Group Reports Progress on Supply Chain Management Operation[/b]

2012-11-28 09:15 ET - News Release


LOS ANGELES, CA and HANOI, VIETNAM -- (Marketwire) -- 11/28/12


PHI Group, Inc. (OTCQB: PHIL), a company focused on energy and natural resources, announced today that the company's supply chain management operation has made significant progress in expanding its customer base in the Asia Pacific region since launching the division in October.

The company has so far received sizable orders and indications of interest for coal, gold, iron ores, sugar and RBD palm oil from China, Japan, Korea, Taiwan, Thailand, Turkey and Vietnam. The company is currently working on orders in excess of 600,000 metric tons of coal and 12,000 tons of RBD palm oil per month, in addition to other concurrent transactions in gold and sugar.

While the supply chain management division is expected to begin generating revenues and profitability from its trading activity in the near future, it is also has Joint Operation (JO) agreements with producing coal mines in South and East Kalimantan, Indonesia, which should significantly enhance financial results within three to six months. The company expects to bring the coal concessions it is acquiring into production in nine to twelve months. By the second year of operation, these new mines should be able to add $20 million in revenues and $3.3 million in net profit to the company on a monthly basis.

The company also is investigating the acquisition of other coal concessions to build a sizable portfolio of coal assets in order to supply to countries in the Asia Pacific region on a long-term basis. It is estimated that Vietnam needs to import about 24 million MT of coal by 2017 and Malaysia will need to import about 29.7 mtpa in the next five years. Japan will also need to rely more on coal, natural gas and renewable energy as it shuts down 50 nuclear power plants by 2040.

Henry Fahman, CEO of PHI Group, said, "We are delighted with our new focus on energy and natural resources and confident with the progress roadmap. By positioning ourselves to be a part of the solution to the growing needs of energy worldwide we will be able to create very significant value for our shareholders and investors."

About PHI Group
Focused on energy and natural resources, PHI Group (OTCQB: PHIL), cooperates with local companies in Asia to develop power plants, accumulates long-term coal and other natural resources, and provides advanced renewable energy technologies in conjunction with select industry partners. Website: www.phigroupinc.com/.

Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

Add to DiggBookmark with del.icio.usAdd to Newsvine


Contact:

Henry Fahman
+1-702-475-5430
Email Contact


Scroll down for more posts ▼

Top 10 Most Recent News Articles

AI Faces Accountability Trials in Business 2027

Updated Category News Views 71

Charting the AI Accountability Course In 2027, the corporate AI landscape won't be the Wild West anymore; it's morphing into a structured battlefield where the winners will be those who successfully enforce accountability. The hands-off, carte blanche days of AI are fading fast, and businesses are starting to scrutinize the AI tools they've been throwing money at. "The...

Continue Reading
Soluna Schedules Q3 2026 Earnings Call: What To Expect

Updated Category News Views 65

Soluna's Upcoming Earnings Call: A Crucial Update Here we are again, folks—floating on the edge of another one of Soluna Holdings' earnings calls. Mark November 16, 2026, on your calendar because that's when Soluna's slated to drop its third quarter financials and walk us through the numbers. At 5:00 PM Eastern Time, they're firing up the webcast and phone lines for a...

Continue Reading
New Leadership at Reactive Tech: Claudio Facchin Steps In

Updated Category News Views 154

Facchin Joins Reactive Technologies: Power Play or Predictable Move? Let me tell you, the energy sector ain’t for the faint-hearted—especially when you’re talking grid stability. Reactive Technologies just tossed an ace on the table, appointing Claudio Facchin as the new Board Chairman. If you've been around the block, you might recognize Facchin's name from his...

Continue Reading
Texas Author's Memoir Journeys Through Trauma and Growth

Updated Category News Views 41

Finding Clarity Amid Chaos When life throws the unexpected, some folks crumble, but others, like Joyce L. Skala, sift through the rubble for clarity. Her debut memoir, "There's No Such Thing as Bad," weaves through personal chaos—embracing trauma and loss like a late-night poker game where the house always wins. Born from the charred memories of her family's home...

Continue Reading
Leatt Gears Up for Q3 Results Conference Call

Updated Category News Views 106

A good heads-up, folks, isn't just about keeping helmets snug—it’s about knowing when to cash in, especially when Leatt Corporation's got their Q3 results ready to drop. November 12 is the big day, so circle that on your calendars. They're rolling out the numbers before the market even gets its coffee, possibly nudging the ticker, OTCQB:LEAT, in a ripple you’ll want...

Continue Reading
FFR's OmniMind Takes Top Spot In RoboColiseum Rankings

Updated Category News Views 353

The AI Race Heats Up with FFR's Big Win Stop the presses—FFR's OmniMind AI just snagged the top spot on RoboColiseum's global rankings. Yeah, you heard right, this ain't just some run-of-the-mill news. As of November 6, they've parked themselves in pole position, beating out heavyweights like NVIDIA's GR00T N1.7 and GPT-6 Astra. That's like hitting a grand slam right...

Continue Reading
Smart Cooling Accessory: A Game Changer for AC Units?

Updated Category News Views 15

New Kid on the Block: The Smart Cooling Game They say the devil's in the details, and this one’s got all the right tweaks. Picture this — a compressor-based air conditioning system beefing up with a savvy accessory that promises to give your condenser coil some extra muscle. That's right, we've got ourselves a new contender in the cooling corner: THE CSC UNIT. It's...

Continue Reading
Pak Mail Expands: Franchisee Adds Location Fast

Updated Category News Views 47

Franchise Growth: Adding Another Brick When's the last time you heard of a franchisee eager enough to nab a second location? Well, that's exactly what's happening with Manny Zussman, who’s decided his Boulder Pak Mail outlet wasn’t keeping him busy enough. This entrepreneurial spirit's on full display as he's launching another Pak Mail over in Westminster, Colorado....

Continue Reading
Millrose Faces Class Action Over Misleading Investors

Updated Category News Views 27

Millrose Properties Steps Into Legal Hot Water Ah, stocks and legal squabbles—a pairing as old as Wall Street itself. Now, folks, it seems Millrose Properties, Inc. has stepped right onto the chopping block with a lawsuit knocking on their door over claims they misled investors. The suits from the DJS Law Group aren't mince words: we're talking alleged violations of the...

Continue Reading
Specialty1 Partners: Top Workplaces Triumph in 2026

Updated Category News Views 18

Employees Crown Specialty1 Partners a Workplace Gem There are only a few things in the business world sweeter than being named a Top Workplace, and flying that banner proudly is exactly what Specialty1 Partners gets to do. Named a winner by the Houston Chronicle in 2026, this recognition is no regular accolade. It's built on the raw honesty that employee surveys provide,...

Continue Reading

Top 5 Most Recently Viewed Articles

MediciNova Settles Litigation: Positive Impact on Growth

Updated Category News Views 495

MediciNova Announces Significant Settlement in Patent Litigation MediciNova, Inc., a notable name in the biopharmaceutical landscape, has recently made headlines following a settlement in litigation involving Sanofi and Novartis. This settlement is not just a legal victory for MediciNova but also comes with monetary compensations that can significantly bolster its ongoing...

Continue Reading
GFM Services Berhad Earns Leadership Recognition for Innovation

Updated Category News Views 230

GFM Services Berhad Recognized for Exceptional Leadership GFM Services Berhad has recently been acknowledged for its outstanding performance in the field of facility management. This recognition highlights the company's leadership in operational excellence, energy efficiency, and sustainable practices through innovative technology-driven solutions. Accolades from Frost &...

Continue Reading
Sketchy Launches Grant to Revolutionize Clinical Training in the USA

Updated Category News Views 153

Sketchy Introduces Groundbreaking Clinical Reasoning Grant In an exciting development for medical education, Sketchy is proud to unveil the Clinical Reasoning Catalyst Grant. This new initiative represents a significant step towards enhancing the quality of diagnostic reasoning training across U.S. medical schools. By focusing on innovative interventions, Sketchy seeks to...

Continue Reading
Understanding the Class Action Lawsuit Against Hasbro, Inc.

Updated Category News Views 895

Overview of the Class Action Lawsuit Against Hasbro, Inc. In a significant development for investors, ClaimsFiler has recently alerted shareholders who have experienced losses exceeding $100,000 related to Hasbro, Inc. (NASDAQ: HAS). These investors have an important deadline approaching: they must file lead plaintiff applications for a securities class action lawsuit...

Continue Reading
Ackman's Pershing Square Seeks UMG's US Listing Move

Updated Category News Views 173

Ackman’s Interest in UMG’s Listing Shift Billionaire investor Bill Ackman, through his investment firm Pershing Square, has made waves by requesting Universal Music Group (AS: UMG) to pursue a secondary listing in the United States. This move is seen as a significant shift aimed at realigning the company's presence in the global market. The Background of the Request...

Continue Reading