News for 'PHGI' - (Chevron / Texaco Distributor Crew Distributing Co. Signs Letter of Intent to Purchase 1.2 Million Gallons of Biodiesel Annually From Perihelion Global)
SANTA ROSA BEACH, FL and OPP, AL, Jul 27, 2007 (MARKET WIRE via COMTEX) --
Perihelion Global (PINKSHEETS: PHGI), a development company with interests in
natural resources, alternative energies, and advanced communications, today
announced that Crew Distributing Co. Inc., a Chevron / Texaco Petroleum
Distributor in the Southeastern United States, has signed a definitive Letter of
Intent with Perihelion to purchase a minimum of 1,200,000 gallons of Biodiesel
annually from the company.
Mickey Crew, President of Crew Distributing Co., stated, "The time is right for
a valid Biodiesel product to be introduced into the American Southeast, and we
believe Perihelion Global can help make that happen. We recognize the economic
and social benefits of distributing a locally produced, renewable fuel source to
our region, and fully support Perihelion's initiatives in this field."
"We are extremely honored to have been chosen by Crew Distributing Co. to supply
their Biodiesel products and the annual purchase commitment they have given us,"
stated John H. Beebe, Chairman, Chief Executive Officer, and President of
Perihelion Global. "This agreement ensures that we will rapidly realize revenues
and formally enter the energy products market at full-speed. We look forward to
a long and prosperous partnership with Crew Distributing Co., and hope that our
relationship expands further in time."
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 21st Century. We lead with
decades of experience in environments that are mission critical in today's
global marketplace: Technology, Energy and Communications.
Website: perihelionglobal.com
About Crew Distributing Co., Inc.:
Crew Distributing, Co., Inc. is a Chevron/ Texaco distributor, and has for over
30 years distributed petroleum fuels to portions of Alabama, Georgia and Florida
in the Southeastern United States.
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