PHI Group Reports Sale Revenues and Provides Updates on Transformational Corporate Developments
January 26 2018 - 9:45AM
InvestorsHub NewsWire
PHI Group
Reports Sale Revenues
and Provides Updates on
Transformational Corporate
Developments
New York, NY -- January
26, 2018 -- InvestorsHub NewsWire -- PHI Group, Inc., (www.phiglobal.com) (OTCQB:
PHIL), a company focused on mergers and
acquisitions and investments in natural resources, energy,
agriculture and special situations, announced today that it has
recorded $432,000 in revenues from the first shipment of American
Pacific Resources, Inc.'s (www.aprgold.com) gold
concentrates for the quarter ended December 31, 2017 and expects to
recognize more than $6 million from additional shipments for FY
2017 ending June 30, 2018. The Company also expects to exceed
conservative estimates of $53 million in revenues for FY 2018 and
$107 million for FY 2019 from APR gold processing using proprietary
Hymax technology.
With respect to the cannabis
industry, since the Company's announcement regarding PHI EZ Water's
products (www.phiezwater.com) on October 17, 2017,
the Company has actively worked with cannabis growers in the U.S.
and Canada, including GrowersNetwork (http://growersnetwork.org/), to provide our
proprietary water
enhancement systems that may reduce water consumption by up to 30% and
fertilizer usage by 30%-50% while boosting cannabis crop yields by
30%-50%. PHI EZ
Water's conservative projected revenues from sales of water
enhancement systems are $12,500,000 for FY 2018 and $25,000,000 for FY 2019. The Company will also use the water
enhancement systems to grow medical marijuana and
medicinal plants for its
greenhouse project in
Transylvania, Romania,
which is expected to add significant revenues and profitability.
In addition, the
Company has been working on a number of crucial projects in the
recent months which can potentially transform the company in
extraordinary ways in the very near future, including institutional
bank funds, cross-border acquisitions, and burgeoning hot
industries such as blockchain and crytocurrencies, etc. The Company
will update on further progress regarding these subject matters in
the coming weeks, including financial plans and conceivably
substantial impact on future operating results.
About PHI
Group
PHI Group (www.phiglobal.com) primarily focuses on mergers and acquisitions
and invests in
select industries
and special situations that may
substantially enhance shareholder value. PHI Group
also provides
M&A and consulting services through its wholly owned
subsidiary,
PHI Capital Holdings,
Inc. (www.phicapitalholdings.com)
Safe
Harbor
This news release contains
"forward-looking
statements"
pursuant to the "safe-harbor"
provisions of the Private Securities Litigation Reform Act of
1995. "Forward-looking
statements" describe future expectations, plans, results, or
strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected,"
"anticipates", "draft", "eventually" or
"projected",
which are subject to a
multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those
projected in the
forward-looking statements as a result of various
factors.
Contact:
Henry
Fahman
PHI Group,
Inc.
henry@phiglobal.com
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