www.globenewswire.com/newsroom/news.html?d=180235PHIGroup, Inc.: Philand Ranch Featured on European Radio Interview
FRANKFURT, Germany and LOS ANGELES, Dec. 14, 2009 (GLOBE NEWSWIRE) -- PHIGroup, Inc. (OTCBB:PHIE) (Frankfurt:PR7.F) (XETRA:PR7.DE)(XETRA:WKN
A0RNQV), a company engaged in the development and management of real estate properties, mining interests, and merger and acquisition advisory services, today announced the release of an interview with Henry Fahman, chairman of PHIGroup, and Daniel St.John, project director of Philand Ranch Ltd. (Frankfurt:1P8.F)(XETRA:1P8.DE) (XETRA:WKN
A0RPEA).
Philand Ranch Ltd., the first company with core operations in Vietnam ever listed on the Frankfurt Stock Exchange, is a majority-owned subsidiary of PHIGroup engaged in the development of master planned communities and other real estate developments in Vietnam and Southeast Asia.
The interview by Boersen Radio Network centered on the new master planned community, which is being developed in Chu Lai, Quang Nam Province in Central Vietnam. The discussion follows a presentation made by Henry Fahman at The German Equity Forum in Frankfurt, outlining the opportunity for investment in Philand Ranch Ltd.
In the dialogue, Fahman and St. John highlighted the scope and magnitude for Philand Ranch's development plans, and point to the first phase, Pointe91, which will become a luxury residence and tourist destination. Especially, they commented on the economic potential of the area, the company's business prospect, and the investment opportunity for international investors. Fahman also mentions the fact that major multi-nationals Hyundai and Kia have 1,500 hectares of land set aside for assembly plants less than 35 kilometers from the site and goes on to say that he believes that China is the big tiger, but Vietnam is the new baby tiger.
Rudi Holzammer, Managing Partner of Red Herring, an investment analysis group based in Frankfurt, commented on the interview, "We've all heard that Asia offers great investment opportunities, but few of us really know or understand where to find these opportunities. I felt Mr. Fahman and Mr. St. John gave us a rare inside look."
The full interview may be heard at:
www.brn-ag.de/beitrag.php?bid=16131 About PHILand Ranch Limited
PHILand Ranch Limited, a company listed on the Frankfurt Stock Exchange (Frankfurt:1P8.F) (XETRA:WKN
A0RPEA), is engaged in the development of real estate, hospitality and master-planned community properties in Vietnam and the growing economies of Southeast Asia. The company currently develops its first phase of a multi-billion dollar project at Pointe91 in Bien Rang, Chu Lai, Quang Nam Province, Central Vietnam through its wholly-owned Vietnam-based subsidiary PHILand Vietnam Ltd. Web site:
www.philandranch.com About Pointe91
Located on an exclusive and majestic bluff overlooking the South China Sea with rocky shores that extend to the north and sandy beaches southward, the 118-acre Pointe91 is encompassed by a diverse topography and will grow to an eventual 300 contiguous acres. The first phase of Philand Ranch includes a private residence club property, a five-star hotel and spa, a 3,950 acre free-trade zone, an open economic zone, residential housing, as well as commercial and industrial development. Pointe91 will offer luxury accommodations in an exclusive community including 227 grand private home residences in seven separate communities, an exclusive five-star beach hotel and spa with 180 rooms and 30 detached premium residences that will be offered as part of a private residence club.
Pointe91 will also feature spectacular attractions; the outdoor250-seat amphitheatre with a South China Sea backdrop, an international commercial-retail center, a state-of-the-art management executive education training facility, recreational parks, and miles of hiking and jogging trails along the scenic and natural terrain exclusive to Pointe91.
Pointe91 is strategically located less then seven minutes from the Chu Lai Airport, which will be upgraded to become an international airport by 2015. The proposed improvement allows both residents and guests unfettered access to live, work and play in one of the most beautiful areas in Vietnam.
About PHIGroup, Inc.
PHIGroup develops real estate and natural resources, provides M&A advisory and consulting services and invests in special situations.Our company, which enables other companies to go public and raise capital, is developing Philand Ranch, one of the largest master planned communities in Vietnam. This project will include Pointe91, a luxury resort and premium residential community in Quang Nam province,central Vietnam (PHILand Ranch Ltd.) (Frankfurt:1P8.F) (XETRA:WKN
A0RPEA) (
www.philandranch.com). We also engage in mining in Southeast Asia and Haiti (PHIMining Group, Inc) (Pink Sheets:PHIG)(
www.phimining.com). Main URL:
www.phiglobal.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. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
CONTACT: PHIGroup, Inc.
Henry Fahman
714-843-5455
henry@phiglobal.com
