[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
PHIL SIZABLE ORDERZZZ NEWZZZ //PHI Group Reports Progress
Top 10 Most Recent News Articles
Gun Violence Expo Aims for National Impact in Chicago
Converging Minds at the Chicago Gun Violence Expo In a city known for its resilience amid diverse challenges, the National Gun Violence Prevention Expo is stepping into the spotlight. With all eyes on Chicago from September 24 to 26, this isn't just another event—it’s a clarion call for action. Uniting Influential Voices When you've got former NFL stars like Matt...
Continue Reading
TerraMaster 725 NAS Unveils AI-Era Storage Solutions
Tech Giants and Pioneers Rejoice Strap in, because TerraMaster just waved the green flag on their brand-new 725 Series Xeon Rackmount NAS, and it's high time the data storage world got a shake-up. Picture this: we're in the throes of an AI boom, and companies have data needs that gobble up yesterday's solutions with the hunger of a black hole. Well, enter TerraMaster's...
Continue Reading
Beemo, Choreo Forge AI Partnership for Wealth Management
AI's New Role in Wealth Management Just when you think you've seen it all, along comes a partnership that shakes things up. Beemo Automation is teaming up with Choreo, a heavyweight in the tax-focused registered investment adviser world, to infuse some AI prowess where it matters. Choreographing their moves, they're looking to build something that's not just functional...
Continue Reading
ViewScan Unveils New AI Solution and Enhanced Site
ViewScan's Latest Step in AI-Powered Monitoring Long Island's own ViewScan just kicked up some dust in the AI-based monitoring scene. This outfit is rolling out a new release of its ViewScan Protect software, fortified with advanced analytics aimed at beefing up security and operational efficiency. Now, before you gloss over this news as just another tech update, let me...
Continue Reading
Holland America Overhauls Half Moon Cay Offerings
A Fresh Chapter for Half Moon Cay Mark it down, folks—Holland America Line is shaking things up over at RelaxAway, Half Moon Cay. The cruise line, known for its deep roots in premium cruising, is pouring resources into its private island playground to celebrate its 30th anniversary in 2027. And the timing couldn't be more calculated, what with peak cruise season around...
Continue Reading
Partners International Launches CareerPath for Youth
A Fresh Start for Young Careers with CareerPath You remember the time in life when we thought just having a degree meant something? Well, the game’s changed, and now it’s a twisted jungle where young folks struggle to find their footing. Partners International, a name I’m no stranger to—known for their human capital wizardry—seems to have noticed this chaotic...
Continue Reading
Charter Next Generation Taps Herndon as Financial Chief
Bringing New Leadership to Charter Next Generation It's an intriguing time to be watching Charter Next Generation (CNG) as they just added a heavyweight to their executive team. Todd Herndon, a veteran with more than three decades of financial savvy, steps in as their new Chief Financial Officer. This is like a football team drafting a star quarterback right before the...
Continue Reading
Dr. Sarah Leary Leads CBTN's Growth in Pediatric Oncology
Pioneering Leadership for Children's Brain Tumor Network In a world where every advance in pediatric oncology can make a measurable difference, the Children's Brain Tumor Network (CBTN) has just unveiled quite the ace up its sleeve: Dr. Sarah Leary. She's stepping in as Co-Chair of its Executive Board, taking the reins alongside Brian Rood, MD. With extensive experience...
Continue Reading
ScriptSafe Revolutionizes Pharmacy Payment & Ad Certification
Pharmacy Certification Made Easy When ScriptSafe rolled out its certification service for pharmacies, it felt like the industry's straitjacket was finally coming off. We’re talking about a process that traditionally took months, cost a small fortune, and made pharmacies fill out forms like they were honing a doctoral thesis. But now, you've got ScriptSafe offering a...
Continue Reading
ABnet Touts Anthropic's AI in Corporate Evolution
Changing the AI Game in Enterprise At the heart of Tel Aviv-Yafo, ABnet Communication Ltd. is spitting fire, and this ain't your average tech chatter. They're drilling right down to the marrow, stressing just how much Anthropic—kingpin of advanced AI for enterprises—is shaking up the corporate shell game. Today’s conversation leans heavily into autonomous AI, and...
Continue ReadingTop 5 Most Recently Viewed Articles
Urgent Class Action Notice for Tronox Holdings Investors
Join the Class Action Against Tronox Holdings PLC Attention all shareholders of Tronox Holdings plc (NYSE:TROX)! If you purchased shares during the class period, which is identified as February 12, 2025, to July 30, 2025, you are encouraged to reach out to The Gross Law Firm. They are currently seeking individuals interested in participating in a class action lawsuit...
Continue Reading
AS Tallink Grupp Reports Passenger Trends for Q3 2024
AS Tallink Grupp's passenger count hit 404,143 in September 2024, a marginal increase of just 0.7% from the previous year. Sounds good on the surface, right? But don’t let that fool you. While they were packing people in, their cargo units took a nosedive—down 10.2% to just 23,178 units. This was one ugly juxtaposition that traders couldn't ignore. Q3 Performance:...
Continue Reading
Revamping a Legacy: Introducing mSupply for Success
Introducing mSupply: A New Era of Distribution In a bold move to expand its market presence, the parent company of North America's premier distributor of residential and commercial kitchen appliances, HVAC systems, plumbing, and pool/spa repair parts has announced a significant rebranding. The company, formerly recognized as Marcone, will now operate under the name...
Continue Reading
OAC Highlights Urgent Need for Obesity Care Access Amid CDC Data
OAC Responds to CDC's New Obesity Findings The Obesity Action Coalition (OAC) has reacted to the recent findings from the Centers for Disease Control and Prevention (CDC), revealing that obesity affects over one in three adults across many states. This concerning data highlights the urgent need for increased efforts to tackle the obesity crisis. Joe Nadglowski, the...
Continue Reading
How CMOs Are Shaping Marketing Strategies Amid Challenges
The Evolution of Chief Marketing Officers in Today's Landscape In a rapidly changing business world, Chief Marketing Officers (CMOs) are increasingly finding themselves in challenging situations that require them to adapt and innovate. From technological disruptions to shifting consumer preferences, the pressures on CMOs have intensified over recent years. The roles these...
Continue Reading