NEW YORK, Oct. 17, 2017, PHIL, (GLOBE NEWSWIRE) — PHI Group, Inc., (www.phiglobal.com) (OTCQB:PHIL), a company focused on acquisitions and investments in natural resources, energy, agriculture and special situations, announced today that the Company’s majority owned subsidiary PHI EZ Water Tech, Inc. has completed the design of new breakthrough proprietary watering systems that can save water and substantially increase yields for the cannabis industry.
Incorporating complex electromagnetic force, advanced oxidation, ultrasound, and optimized configurations, the PHI EZ Water Tech proprietary water conditioning systems can reduce water consumption by up to 30% and fertilizer usage by 30%-50% while boosting cannabis crop yields by 30%-50%. In addition, they have been proven to substantially increase the level of active ingredients in the plants.
Currently PHI EZ Water Tech has two sizes of water treatment systems for cannabis: a 1,000 liter-per-hour unit at estimated retail price of $4,500 and a 500 liter-per-hour unit at $2,500. The Company also intends to provide other sizes depending on market demand.
Dr. Martin Nguyen, PHI EZ Water Tech’s inventor and chief scientist said: “We are delighted to have completed the design of our new water treatment systems for cannabis and will make them available to cannabis farmers to help increase yields and improve crop quality. Because of the tremendous benefits these systems can bring, we are confident they will prove to be a winner for cannabis growers, consumers and our shareholders.”
Jack Vo, CEO of PHI EZ Water Tech, stated: “As more states across the US and other countries legalize cannabis for medical and recreational use, our special water conditioning systems are covetable solutions that can help provide superior products and maximize returns on investment for both conventional and organic cannabis growers.”
About PHI Group
PHI Group primarily focuses on acquisitions and invests in select industries and special situations that may substantially enhance shareholder value. It also provides merger and acquisition advisory services through a wholly owned subsidiary, PHI Capital Holdings, Inc. (www.phicapitalholdings.com)
About PHI EZ Water Tech
PHI EZ Water Tech, Inc., a Wyoming corporation, is a majority-owned subsidiary of PHI Group that manages, manufactures and markets a portfolio of innovative water treatment systems and other products developed by Dr. Martin Nguyen for agriculture, healthcare and human consumption. Website: www.phiezwater.com
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.