http://biz.yahoo.com/bw/060921/20060920005640.html?.v=2
شركه VMDG
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شركه VMDG
الاست : 0.30
Perihelion Global Announces Acquisition of Patented Gold Mine with Minimum Gold Reserves in Excess of $737 Million USD
Thursday September 21, 4:39 pm ET
SANTA ROSA BEACH, Fla & SALT LAKE CITY--(BUSINESS WIRE)--Sept. 20, 2006--Perihelion Global, led by Chairman, Chief Executive Officer & President John H. Beebe announced today that it has reached an agreement in principal to acquire privately held Saturday Night, LLC; sole owners of a Patented Gold and Silver mine (Patent Claim Number 5797) in Box Elder County, Utah with Minimum Gold Reserves in excess of $737,000,000.00 USD (Seven Hundred Thirty Seven Million US Dollars).
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"I am excited to announce the acquisition of Saturday Night, LLC," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, "This was a key acquisition for Perihelion Global and will support the fundamentals for a strong price per share. This acquisition will further enable the timely execution of our well planned campaign of strategic acquisitions to enhance our existing assets and capabilities."
Dr. Patrick LaRive, Chief Executive Officer of Saturday Night, LLC stated, "Seeing the overall vision and strategy of John H. Beebe for Perihelion Global and in researching his extremely successful prior business accomplishments I am confident that this venture will make history." Adds LaRive, "Perihelion Global's goals and objectives to lead and excel in our industry are directly in line with our aspirations. I am honored to become a part of such a dynamic company."
Brian Charlesworth, Chief Operating Officer of Saturday Night, LLC, states, "John H. Beebe's track record as a successful business leader and visionary makes this an exciting merger for us. We strongly believe Perihelion Global is positioned for long term growth and success. With our combined corporate resources we are confident that Perihelion will not only make a difference in the local economies where we operate, but throughout the world."
There have been three certified geologist valuations of the patented Gold reserves which determined a minimum of 1,277,950 ounces of Gold - (One Million Two Hundred Seventy-Seven Thousand and Nine Hundred Fifty oz Au). Two valuations were conducted by respected Geologist Dr. Yung S. Kim, a retired Professor of Geology at the University of Nevada and Senior Fellow at the Department of Conservation, Office of Mines; conducted initially in 1983 and again subsequently in 2000. These were filed with the Bureau of Land Management (BLM) Salt Lake City, Utah; US Department of the Interior Salt Lake City, Utah; Utah Division of Oil, Gas and Mining Salt Lake, Utah.
The third report reviewing and certifying the minimum measured amount of Gold being 1,277,950 ounces (one million two hundred seventy seven thousand and nine hundred fifty oz Au) was conducted in March 2006 by John Yellich, Certified Professional Geologist, American Institute of Professional Geologists (CPG-No. 7538); Licensed Geologist, State of Washington (LG-No. 891); Graduate studies in Geology, Western Michigan University, Kalamazoo, Michigan, 1971; BA in Geology, Western Michigan University, 1968.
Terms of the proposed acquisition of Saturday Night, LLC are cash and a 12% total stake in Perihelion Global. The proposed acquisition is expected to be finalized within 30 days and private funds will be used for the cash portion of the deal as well as and any additional financing that might be required. The new website of Perihelion Global is currently under development and will be fully published pending the release of subsequent corporate news. Additionally, Perihelion Global's proposed merger with publicly held Vision Works Media Group (OTC:VMDG - News) is expected to become final within the next two weeks.
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 the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy, Infrastructure, Engineering, Banking and Communications. Website: http://www.perihelion.com Toll Free Phone: 866-748-7610.
Caution Regarding Forward-Looking Statements
This press release contains historical information as well as forward-looking statements that are based upon our estimates and anticipation of future events that are subject to certain risks and uncertainties that could cause actual results to vary materially from the expected results described in the forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "hopeful," "intend," "may," "optimistic," "preliminary," "project," "should," "will," and similar expressions are intended to identify these forward-looking statements. There are numerous important factors that could cause our actual results to differ materially from those in the forward-looking statements. Thus, sentences and phrases that we use to convey our view of future events and trends are expressly designated as Forward-Looking Statements as are sections of this news release clearly identified as giving our outlook on future business.
These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events:
General economic conditions, either nationally or in our market area, that are worse than expected;
regulatory and legislative actions or decisions that adversely affect our business plans or operations;
price competition;
inflation and changes in the securities markets that adversely affect the fair value of our operations; and
changes in our organization, compensation and benefit plans.
Relating to the proposed transaction with Perihelion Global:
The business of Saturday Night, LLC and Perihelion Global may not be combined successfully, or such combination may take longer to accomplish than expected;
the cost savings from the merger may not be fully realized or may take longer to realize than expected;
operating costs, customer loss and business disruption following the merger, including adverse effects on relationships with employees, may be greater than expected;
We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and wish to advise readers that the factors listed above could affect our financial performance and could cause actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. We do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Perihelion Global, Santa Rosa Beach
Vision Works Media Group
John H. Beebe, 866-748-7610 (Toll Free) x 719
john@perihelion.com
Thursday September 21, 4:39 pm ET
SANTA ROSA BEACH, Fla & SALT LAKE CITY--(BUSINESS WIRE)--Sept. 20, 2006--Perihelion Global, led by Chairman, Chief Executive Officer & President John H. Beebe announced today that it has reached an agreement in principal to acquire privately held Saturday Night, LLC; sole owners of a Patented Gold and Silver mine (Patent Claim Number 5797) in Box Elder County, Utah with Minimum Gold Reserves in excess of $737,000,000.00 USD (Seven Hundred Thirty Seven Million US Dollars).
ADVERTISEMENT
"I am excited to announce the acquisition of Saturday Night, LLC," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. Adds Beebe, "This was a key acquisition for Perihelion Global and will support the fundamentals for a strong price per share. This acquisition will further enable the timely execution of our well planned campaign of strategic acquisitions to enhance our existing assets and capabilities."
Dr. Patrick LaRive, Chief Executive Officer of Saturday Night, LLC stated, "Seeing the overall vision and strategy of John H. Beebe for Perihelion Global and in researching his extremely successful prior business accomplishments I am confident that this venture will make history." Adds LaRive, "Perihelion Global's goals and objectives to lead and excel in our industry are directly in line with our aspirations. I am honored to become a part of such a dynamic company."
Brian Charlesworth, Chief Operating Officer of Saturday Night, LLC, states, "John H. Beebe's track record as a successful business leader and visionary makes this an exciting merger for us. We strongly believe Perihelion Global is positioned for long term growth and success. With our combined corporate resources we are confident that Perihelion will not only make a difference in the local economies where we operate, but throughout the world."
There have been three certified geologist valuations of the patented Gold reserves which determined a minimum of 1,277,950 ounces of Gold - (One Million Two Hundred Seventy-Seven Thousand and Nine Hundred Fifty oz Au). Two valuations were conducted by respected Geologist Dr. Yung S. Kim, a retired Professor of Geology at the University of Nevada and Senior Fellow at the Department of Conservation, Office of Mines; conducted initially in 1983 and again subsequently in 2000. These were filed with the Bureau of Land Management (BLM) Salt Lake City, Utah; US Department of the Interior Salt Lake City, Utah; Utah Division of Oil, Gas and Mining Salt Lake, Utah.
The third report reviewing and certifying the minimum measured amount of Gold being 1,277,950 ounces (one million two hundred seventy seven thousand and nine hundred fifty oz Au) was conducted in March 2006 by John Yellich, Certified Professional Geologist, American Institute of Professional Geologists (CPG-No. 7538); Licensed Geologist, State of Washington (LG-No. 891); Graduate studies in Geology, Western Michigan University, Kalamazoo, Michigan, 1971; BA in Geology, Western Michigan University, 1968.
Terms of the proposed acquisition of Saturday Night, LLC are cash and a 12% total stake in Perihelion Global. The proposed acquisition is expected to be finalized within 30 days and private funds will be used for the cash portion of the deal as well as and any additional financing that might be required. The new website of Perihelion Global is currently under development and will be fully published pending the release of subsequent corporate news. Additionally, Perihelion Global's proposed merger with publicly held Vision Works Media Group (OTC:VMDG - News) is expected to become final within the next two weeks.
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 the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy, Infrastructure, Engineering, Banking and Communications. Website: http://www.perihelion.com Toll Free Phone: 866-748-7610.
Caution Regarding Forward-Looking Statements
This press release contains historical information as well as forward-looking statements that are based upon our estimates and anticipation of future events that are subject to certain risks and uncertainties that could cause actual results to vary materially from the expected results described in the forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "hopeful," "intend," "may," "optimistic," "preliminary," "project," "should," "will," and similar expressions are intended to identify these forward-looking statements. There are numerous important factors that could cause our actual results to differ materially from those in the forward-looking statements. Thus, sentences and phrases that we use to convey our view of future events and trends are expressly designated as Forward-Looking Statements as are sections of this news release clearly identified as giving our outlook on future business.
These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events:
General economic conditions, either nationally or in our market area, that are worse than expected;
regulatory and legislative actions or decisions that adversely affect our business plans or operations;
price competition;
inflation and changes in the securities markets that adversely affect the fair value of our operations; and
changes in our organization, compensation and benefit plans.
Relating to the proposed transaction with Perihelion Global:
The business of Saturday Night, LLC and Perihelion Global may not be combined successfully, or such combination may take longer to accomplish than expected;
the cost savings from the merger may not be fully realized or may take longer to realize than expected;
operating costs, customer loss and business disruption following the merger, including adverse effects on relationships with employees, may be greater than expected;
We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and wish to advise readers that the factors listed above could affect our financial performance and could cause actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. We do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Perihelion Global, Santa Rosa Beach
Vision Works Media Group
John H. Beebe, 866-748-7610 (Toll Free) x 719
john@perihelion.com