PHI Group, Inc. (OTC: PHIL) Breaking News - February 28, 2017

PHI Group Signs Term Sheet for $10 Million Funding

PNew York, NY, February 28, 2017 -- PHI Group, Inc. (OTC: PHIL) a U.S. public company focusing on acquisitions and investments in natural resources, other select industries and special situations (www.phiglobal.com), announced today that it has signed a term sheet with Azure Capital (the “Investor”) for a $10 million equity line facility to fund working capital and potential acquisition needs.

According to the term sheet, the Investor will commit to purchase up to $10,000,000 of the Company’s stock over the course of 36 months, after a registration statement of the Company’s stock has been declared effective by the U.S. Securities and Exchange Commission (“SEC”).

The Company may in its discretion draw on the facility from time to time as and when the Company determines appropriate in accordance with the terms and conditions of the Investment Agreement and Registration Rights Agreement to be signed by the Investor and the Company.

Henry Fahman, Chairman and Chief Executive Officer of the Company, stated, "The availability of this equity line enables the Company to raise capital as needed in a highly efficient manner. The combination of acquisition expenses, budgeting for the EB-5 Investor Visa Program, new product development, enhanced marketing and other corporate projects warrants that setting up this facility is prudent. There are no options or warrants associated with the equity line. We will seek to use the equity line, to the extent needed, at such times as are appropriate in view of the Company’s needs, market conditions and other factors."

After the signing of the Investment Agreement, the Company will promptly file a registration with the SEC. The securities in connection with this equity line facility may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About PHI Group

Founded in 1982, PHI Group primarily focuses on acquisitions as a principal and invests in energy, natural resources and special situations that may substantially enhance shareholder value. In addition, the Company also provides merger and acquisition advisory services through its wholly owned subsidiary PHI Capital Holdings, Inc. (www.phicapitalholdings.com) and earns revenues in forms of cash and equity for services rendered.

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.

Contact:
Henry Fahman
+1-702-475-5430
henry@phiglobal.com

Source:  PHI Group, Inc.

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Recent PHI Group News:

PHI Group Upgrades Trading Venue to OTCQB While Aiming for Major Exchange Uplisting In the Future

New York, NY, February 21, 2017 -- PHI Group, Inc. (OTC: PHIL) a U.S. public company focusing on acquisitions and investments in energy, natural resources and special situations (www.phiglobal.com) (OTCMarkets:PHIL), has submitted an application with the OTC Markets Group to upgrade its trading venue to OTCQB while continuing to work towards uplisting to a major exchange in the near future.

Historically fully reporting companies current in their filings with the Securities and Exchange Commission (SEC) like PHI Group, Inc. would be included on the OTCBB Market, which was regulated by the SEC and overseen by the Financial Industry Regulatory Authority (FINRA). However, when FINRA decided not to maintain the OTCBB Market as previously, the OTC Markets Group created the OTCQB as the middle tier of the OTC market to better distinguish OTC-traded companies that have made the substantial commitment to investor disclosure by being registered and reporting with a U.S. regulator. Recent changes and innovations have also caused the OTC Markets to become more attractive to large foreign firms that use it as a means to access U.S. investors.

As required, each company must verify via an annual OTCQB Certification, signed by the company CEO or CFO, that their company information is current, including information about a company’s reporting status, company profile, information on management and boards, major shareholders, law firms, transfer agents, and IR / PR firms. Investor confidence improves when there is more information about a company’s ownership structure, professional advisors and service providers. By segmenting the OTC marketplace, it is believed that issuers will be motivated to provide the highest level of disclosure and compliance that they are capable of supplying, which will ultimately lead to more efficient capital allocation by investors.

The trading of PHI Group’s stock is expected to be elevated to the OTCQB in the next few weeks after satisfactory review by the OTC Markets Group.

Henry Fahman, Chairman and CEO of PHI Group, Inc., stated, “We believe this an overdue step in the right direction, to demonstrate our commitment to investor disclosure as we prepare to reach a critical mass for uplisting to a national exchange in the near future.”

About PHI Group
Founded in 1982, PHI Group primarily focuses on acquisitions as a principal and invests in energy, natural resources and special situations that may substantially enhance shareholder value. In addition, the Company also provides merger and acquisition advisory services through its wholly owned subsidiary PHI Capital Holdings, Inc. (www.phicapitalholdings.com) and earns revenues in forms of cash and equity for services rendered.

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.

Contact:
Henry Fahman +1-702-475-5430 henry@phiglobal.com
Source: PHI Group, Inc.

PHI Group Partners With Thai Agricultural Company Specializing in Sacha Inchi Products

New York, NY,  Jan 31, 2017 -- PHI Group, Inc. (OTC: PHIL) a U.S. public company focusing on acquisitions and investments in energy, natural resources and special situations (www.phiglobal.com) (OTCMarkets:PHIL), has signed a Business Cooperation Agreement with Nathan Trading Company Ltd., a Thai company specializing in the promotion of the growing of sacha inchi plants and processing seeds into finished products (“NTC”), to develop raw material sources, production, and marketing and sales of sacha inchi products for international markets.

According to the agreement, PHI will initially purchase NTC’s sacha inchi products for sale in several select international markets. NTC and PHI will jointly promote the growing of sacha inchi plants and secure harvests for raw material from Southeast Asia and other compatible geographical areas as well as increase NTC’s production capacity to meet future demand for sacha inchi products. PHI also will design and implement marketing and sales strategies for NTC’s sacha inchi products in the United States and other international 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.

Dr. Chansamone Saiyasak, President and Managing Director of NTC stated: “We look forward to working with PHI Group to promote the cultivation, production and consumption of sacha inchi because of its remarkable multiple health benefits and to make more of its products available to the global markets.”

Henry Fahman, CEO of PHI Group, said, “We are delighted to partner with NTC in this program because sacha inchi fits well into our premium organic farming initiative. Sacha inchi 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. U.S. sales of specialty foods surpassed $120 billion in 2015.”

About PHI Group
Founded in 1982, PHI Group primarily focuses on acquisitions as a principal and invests in energy, natural resources and special situations that may substantially enhance shareholder value.

About Nathan Trading Co.
Nathan Trading Company Limited specializes in the promotion of the growth of sacha inchi plant as well as processing its seeds into finished products, certified GMP, HACCP, USDA Organic, EU Organic, Halal, Non-GMO and Thai FDA. The Company owns and operates a sacha inchi processing plant in Nathan District, Ubon Ratchathani, Thailand (www.nathantrad.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.

Contact:

Henry Fahman
+1-702-475-5430
henry@phiglobal.com
Source: PHI Group, Inc.

PHI Group Acquires Vietnamese Agricultural Company Specializing in Cultivation and Processing of Turmeric
 

New York, NY,  Jan 27, 2017 -- PHI Group, Inc. (OTC: PHIL) a U.S. public company focusing on acquisitions and investments in special situations (www.phiglobal.com) (OTCMarkets:PHIL), has signed a Memorandum of Agreement to acquire a minimum of 51% interest in Hoang Minh Chau Hung Yen LLC, a Vietnamese company located in Chi Tan Village, Khoai Chau District, Hung Yen Province, Vietnam (“HMC”), that specializes in cultivating and processing of turmeric (curcuma longa).

According to the agreement, the Company will pay a combination of cash and stock in exchange for a majority interest in HMC. The acquisition is part of the Company’s plan to apply the proprietary enhanced bioavailable nutrients and natural symbiotic immune system to grow organic turmeric in Hung Yen Province, Vietnam and at the same time utilize HMC’s expertise and experience to grow premium organic turmeric in the U.S. for Abundant Farms, a PHI Group’s agricultural subsidiary.

HMC grows turmeric and buys harvested crops from other local farmers for its turmeric processing plant. It produces turmeric powder for food, healthcare and beauty supply and also contracts with the Vietnamese Institute of Industrial Chemistry to process curcuminoids from turmeric for various usages.

According to www.webmd.com, turmeric can be used for arthritis, heartburn (dyspepsia), joint pain, stomach pain, Crohn's disease and ulcerative colitis, bypass surgery, hemorrhage, diarrhea, intestinal gas, stomach bloating, loss of appetite, jaundice, liver problems, Helicobacter pylori (H. pylori) infection, stomach ulcers, irritable bowel syndrome (IBS), gallbladder disorders, high cholesterol, a skin condition called lichen planus, skin inflammation from radiation treatment and fatigue and a variety of other ailments.

In food and manufacturing, the essential oil of turmeric is used in perfumes. Its resin is used as a flavor and color component in foods.

http://www.webmd.com/vitamins-supplements/ingredientmono-662-turmeric.aspx?activeingredientid=662

Dong Quang Hoang, Director of HMC stated: “We look forward to working with PHI Group to utilize its enhanced bioavailable nutrients and natural symbiotic immune system to grow premium organic turmeric in Hung Yen Province to provide better quality and yields for our turmeric crops.”

Henry Fahman, Chairman and CEO of PHI Group, said: “Since traditional turmeric rhizomes in Chi Tan Village, Hung Yen Province are among the very best in the world in terms of size and curcumin contents, we believe PHI Group’s Abundant Farms can greatly benefit from using these seed roots and HMC’s expertise and experience in our turmeric farming program.”

About PHI Group
Founded in 1982, PHI Group primarily focuses on acquisitions as a principal and invests in special situations in large, growing markets that may substantially enhance shareholder value.

About Hoang Minh Chau Hung Yen Co.
Hoang Minh Chau Hung Yen LLC, recognized among the top 100 leading brands in Vietnam, specializes in cultivating and processing of turmeric. http://hoangminhchauhungyen.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.

Contact:

Henry Fahman
+1-702-475-5430
henry@phiglobal.com
Source: PHI Group, Inc.

PHI Group Forms Joint Venture with Nanotechnology Company to Process Agricultural Products for Healthcare and Beauty
 

New York, NY,  Jan 27, 2017 -- PHI Group, Inc. (OTC: PHIL) a U.S. public company focusing on acquisitions and investments in special situations (http://www.phiglobal.com), (OTCMarkets:PHIL), has signed an agreement with Nhat Hai New Technology JSC, a Vietnam-based company specializing in applied research and nanotechnologies (http://www.nanotechnology.com.vn), to form a joint venture company in the United States to apply the latter’s nanotechnologies for the production of various nano products.

The joint venture company plans to produce and market a number of nano products such as food supplements, pharmaceuticals, cosmetics, animal health treatments, paints and environmentally-related goods. Initially, PHI Group will use Nhat Hai’s nanotechnologies to focus on processing medicinal plants, fruits and vegetables for Abundant Farms including turmeric (curcuma longa), bitter melon (momordica charantia), xao tam phan (paramignya trimera), and sacha inchi (plukenetia volubilis) – all used in food, healthcare and beauty applications.

PHI Group’s management believes that by using proprietary enhanced bioavailable nutrient and natural symbiotic immune systems to grow organic medicinal plants and vegetables and applying nanotechnologies for processing, the Company will be able to produce premium organic and natural products with the potential to improve human health by reducing illness, cancer and premature death.

The Company has set up a subsidiary, “Abundant Farms, Inc.,” a Florida corporation, to acquire a 408-acre farm in Holmes County, Florida, which is a qualified Targeted Employment Area, as defined by the EB-5 Investor Visa Program of the U.S. Citizenship and Immigration Services. The Company plans to provide opportunities for international investors to become U.S. permanent residents by investing $500,000 each in Abundant Farms’ superior organic and natural farming program. (https://www.uscis.gov/eb-5). PHI Group is currently investigating additional farming properties near Holmes County as potential additional acquisitions.

Luu Minh Hai, Chairman of Nhat Hai New Technology JSC, said, “We look forward to working with PHI Group to fully deploy our nano technologies for broader applications and continuing to develop new ones in the pipeline. We are confident our combined strengths will create significant long-term value for all shareholders and stakeholders of both companies.”

Henry Fahman, Chairman and CEO of PHI Group, concurred, “We are delighted to partner with Mr. Luu Minh Hai and Nhat Hai’s highly creative and innovative team to apply their portfolio of nano technologies to our Abundant Farms’ organic farming program. We expect to broaden the scope of application to include other products that can generate substantial value for both companies in the future.”

About PHI Group
Founded in 1982, PHI Group primarily focuses on acquisitions as a principal and invests in special situations in large, growing markets that may substantially enhance shareholder value.

About Nhat Hai New Technology JSC

Nhat Hai is engaged in applied research, technology transfer and receipt of nano technologies. It is the first company in Vietnam specializing in producing high quality nano, starting from the production of nano products for industrial and agricultural sectors and then proceeding to the production of high-end products for nano medical services, including nano iron, nano copper, nano silver, nano calcium, nano titanium dioxide, nano silicon dioxide, nano chitosan, nano curcumin (turmeric) and nano sensor materials.

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.

Contact:
Henry Fahman
+1-702-475-5430
henry@phiglobal.com
Source: PHI Group, Inc.

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About PHI Group, Inc.:

Welcome to PHI GROUP!

Founded in June 1982, PHI Group, Inc. is a Nevada corporation, publicly traded and fully reporting with the U.S. Securities and Exchange Commission (trading symbol: PHIL).

The Company is primarily engaged in:

Mergers and acquisitions (M&A) as a principal

Investing in special situations, and

Providing advisory and consulting services to international clients

PHI Group has recently engaged a number of private equity firms to turbocharge inorganic growth by acquiring cash-flow positive companies that can add significant revenues and bottom lines to the Company. The Company expects to qualify for uplisting to a U.S. senior exchange like Nasdaq or NYSE after the closing of one or more of such acquisitions.

Business Strategy
Build, acquire, commit and deploy valuable resources with distinctive competitive advantages

Acquire, participate and compete in attractive businesses that have large, growing market potential

Design and implement robust management systems

Provide points of exit for investors through capital appreciation or spin-offs of business units

PHI Group Background
Originally incorporated as JR Consulting, Inc., the Company was foremost engaged in mergers and acquisitions. In 2000 it merged with a California-based financial services company and changed the corporate name to Providential Holdings, Inc. Subsequently, in April 2009, the Company changed its name to PHI Group, Inc.

During the previous decade, the Company and its subsidiaries were engaged in mergers and acquisitions advisory and consulting services, real estate and hospitality development, mining, oil and gas, telecommunications, technology, healthcare and private equity.

Recently, the Company has been focused mainly on acquisitions and buyouts as a principal in select industries, investing in special situations that may potentially leapfrog shareholder value, and providing corporate and project finance services, including merger and acquisition (M&A) advisory and consulting services for other companies.

Acquisitions and buyouts

We seek to carry out a robust M&A strategy aimed at creating significant, sustainable value for our shareholders and all other stakeholders.

Develop acquisition criteria or strategy to create value for shareholders.
Research, identify and screen potential candidates
Establish contact with promising targets
Engaged buy-side/sell-side advisors, if needed
Valuation of targets
Due diligence of targets
Structure and negotiate transaction terms
Source and arrange for debt and equity financing, if needed
Post-acquisition integration plan

We currently work closely with a number of private equity firms to turbocharge inorganic growth by acquiring cash-flow positive companies that can add substantial revenues and bottom lines to the Company. These selective acquisitions will also serve as platforms for entry into new markets with potential for high growth, allowing us to create critical mass through further congruous consolidation.

We will actively explore options to add significant value to our acquired targets by providing smarter capital, offering managerial oversight, transferring valuable skills, and sharing beneficial resources. The Company expects to qualify for uplisting to a senior exchange like Nasdaq or NYSE after the closing of one or more of such transactions. - See more at: http://phiglobal.com/acquisitions-and-buyouts/#sthash.Z21sHJXW.dpuf

Investment in special situations

We will continue to adroitly seek special investment opportunities that may command warranted, justifiably extraordinary profit margins due to product and/or service attributes, that may open up new domestic and international markets otherwise not available, which are poised for high growth.

One of these opportunities could be a new biotechnology that can revolutionize organic farming for fruit, vegetable, medicinal herbs, livestock, poultry, fish and shrimp. Another one could be a technological innovation that may offer better logistical solutions than Uber and other systems that are already in the marketplace.
- See more at: http://phiglobal.com/investment-special-situations/#sthash.LXEqy2iX.dpuf

M&A advisory and consulting services

We work with private and public companies and financial sponsors to analyze strategic alternatives, recommend transaction strategies and execute buy-side and sell-side transactions. Our M&A advisory and consulting services include strategic and transaction advisory and consulting services related to acquisitions and divestitures aiming to create enhanced value for clients.

We advise and consult with buyers and sellers of businesses, provide corporate restructuring and turnaround management services and deliver post-closing value enhancement services to meet our clients’ short-term and long-term strategic objectives.

We assist private and public companies with sources of funding and capital structure, as well as the tools and analysis used to allocate financial resources to help corporate managers increase a firm’s value to the shareholders.

Some of the questions a corporate financial officer attempts to answer on a consistent basis with respect to capital investment decisions include:

Should a proposed investment be made?
How should the company pay for it; with equity or with debt, or combination of both?
Should shareholders be offered dividends on their investment in the company?

We provide analyses and recommendations for corporate managers to make the appropriate decisions, deal with short-term issues like the management of current assets and current liabilities, inventory control, investments and other short-term financial matters, as well as long-term commitments like new capital purchases and investments.
- See more at: http://phiglobal.com/ma-advisory-consulting-services/#sthash.fc6l9LB7.dpuf

SOURCE: http://phiglobal.com/

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