Sep 14, 2017, PHIL
OTC Disclosure & News Service
New York, NY –
PHI Group, Inc., (www.phiglobal.com; OTCQB: PHIL), a company focused on acquisitions and investments in natural resources, energy, agriculture, healthcare and special situations, announced today that the Companys CEO has provided the following corporate update:
Dear PHI Group Valued Shareholders,
In my last update, I covered our continuing efforts to manage and eliminate convertible debt in our Company. This is very important to our business from the standpoint of appreciation of our equity in the marketplace.
At the same time, we have had a significant number of transactions, which we have announced through the newswires and posted on our website and social media.
I understand that investors are looking for us to quantify these transactions. It is important that we do so to illustrate the value proposition in ownership of our Companys stock. It is not easy to place specific valuations on some of the business transactions we have not completed but over the course of more updates, I will cover valuations as best I can while remaining within the bounds of the law and regulations as put forth by the regulatory agencies.
American Pacific Resources, Inc. Mining Claims and HYMAX HD Processing Technology
I will begin with our most recently announced definitive Agreement of Purchase and Sale to acquire a 51% interest in twenty-one mining claims over an area of 400 acres in Granite Mining District, Grant County, Oregon through our wholly owned subsidiary, American Pacific Resources, Inc. (APR).
The precious metals on this property have long been considered inaccessible and economically unfeasible because of the money, time, effort and overall difficulty to extract the metals. However, through APR, we have the technology to economically extract these precious metals through HYMAX HD processing technology. Without this technology, these metals would remain in the ground for eternity.
The potential valuation of this property considering the precious metals which include gold, silver, platinum, and palladium could be as high as $3,000,000,000 at current prices. For the next three years, we expect to generate $6 million in revenue from 6,300 ounces of gold that will be recovered in 2017, $53 million from 54,750 ounces in 2018 and $107 million from 109,500 ounces in 2019. These numbers can be higher if we increase the scales of operation.
In the first quarter of this year, we announced the definitive contract to acquire a 408-acre farm in Holmes County, Florida, U.S.A. for Abundant Farms, Inc., a wholly owned organic farming subsidiary of PHI Group. The 408-acre farm includes equipment, buildings, barns, water rights and everything needed to go into production. We plan to close this purchase in the winter or sooner in order to start cultivating for the next growing season.
Abundant Farms plans to use a combination of proprietary enhanced bioavailable nutrient and natural symbiotic immune systems without chemical pesticides and synthetic fertilizers, together with innovative water conditioning mechanism provided by PHI EZ Water Tech to initially grow select plants that can be used for medicinal purposes like bitter melon (momordica charantia), turmeric (curcuma longa) and saffron (crocus sativus). All these plants have great medicinal attributes and command much higher prices than regular crops. For bitter melon alone, we expect to generate $18 million in revenues and $4.3 million in net profit in 2018, $36 million revenues and $9.8 million net profit in 2019, and $53 million revenues and $14.5 million net profit in 2020. For turmeric, the estimated revenues and net profits will be $1.2 million and $817,000 for 2018, $24.4million and $16.8 for 2019, and $48.9 and $33.7 in 2020, respectively.
Abundant Farms will continue to purchase and lease more farmland as well as cooperate through joint venture agreements with landowners to increase its capacity in the U.S. and selective countries in the future. The Companys PHI Group Regional Center will also provide opportunities for international investors to participate in its organic farming project through the EB-5 Investor Visa Program.
PHI EZ Water Tech
PHI EZ Water Tech, a majority-owned subsidiary of PHI Group, has completed the designs of proprietary water treatment systems and will start producing the units for sale to the agriculture market.
Developed by Dr. Martin Nguyen, a Vietnamese-American scientist, these water treatment systems are environmentally friendly, cost-effective and require no energy to operate. They have been proven to greatly benefit the health of livestock and quality of plants, induce seed germination and increase crop yields.
These systems are among a series of products developed by Dr. Nguyen using quantum technology in a combination of disciplines including applied physics, applied water science, biological system engineering and agricultural economics. Incorporating complex electromagnetic force, advanced oxidation, electrocoagulation and ultrasound, they can reduce water consumption by up to 30% and fertilizer usage by 30%-50% while boosting crop yields by 30%-50%. The water produced from these systems is also good for human health and able to stabilize water environments to increase yields for aquatic and wet paddy farming.
PHI EZ Water Tech expects to generate $12.5 million in revenues and $3.4 in net profits in 2018. For 2019 the estimated revenues and profits will be $25 and $6.8 million, respectively.
Over the coming weeks, I will continue to update investors on additional transactions as they progress and will make every effort to quantify what these transactions mean for the Company and its investors.
Thank you for your time and I appreciate your patience while we build our Company. I will keep you informed
Kindest regards and blessings,
PHI GROUP, INC.
This update 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.