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January 17, 2007 - The City of Opp, Alabama, Covington County, Alabama, Covington County Economic Development Commission and Perihelion Global Announce January 29, 2007 Groundbreaking for Bio Fuel Refinery
 

OPP, Ala. and SANTA ROSA BEACH, Fla., Jan. 17, 2007 (PRIME NEWSWIRE) (PRIMEZONE) -- Perihelion Global (Pink Sheets:PHGI) and the City of Opp, Alabama; The Covington County Board of County Commissioners; Covington County Economic Development Commission and The State of Alabama jointly announce the Official Ground Breaking of Perihelion Global's Bio Fuel Refinery locating in Opp, Alabama on Monday, January 29, 2007 in the Opp Industrial Park at 10:00AM CST.

The Ground Breaking will formally launch construction of Perihelion's Bio-Fuel Refinery which will be the largest Bio-Fuel Refinery in North America using peanuts as the primary stock and will also be the 3rd largest Bio-Fuel Refinery in North America overall.

Present at the Official Ground Breaking will be City of Opp Mayor H.D. Edgar; Perihelion Global Chairman, Chief Executive Officer & President John H. Beebe; members of Perihelion Global's Board of Directors and Executive Management staff; Covington County Economic Development Commission; and various Federal, State, County, and City Officials will also be on hand.

Perihelion Global Management and State, County and City Government Officials will be available for questions from the Media or the Public.

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 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace. Website: www.perihelion.com

The Market News First logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3162

The City of Opp, Alabama logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3217

The Covington County, Alabama logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3218

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.

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
John H. Beebe, Chairman, Chief Executive Officer & President
(866) 748-7610 (Toll Free) ext. 719
john@perihelion.com
Robert H. Boothe, Jr., Government & Public Relations
(866) 748-7610 ext. 704
rboothe@perihelion.com
www.wopp.com

City of Opp, Alabama
Mayor H.D. Edgar
(334) 493-4572
hdedgar@oppcatv.com

Covington County Economic Development Commission
Richard T. "Tucson" Roberts, President & CEO
(334) 222-7040
ccedc@alaweb.com
www.southalabamaed.com

MN1 NewsWire
Angela Junell
(214) 461-3411
ajunell@MN1.com

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