LOS ANGELES, CA and FRANKFURT, GERMANY, Sept. 4 /PRNewswire-FirstCall/ -- Philand Ranch Limited, http://www.philandranch.com/, a United Kingdom corporation and majority-owned subsidiary of PHI GROUP, INC. (BULLETIN BOARD: PHIE, Frankfurt:PR7, http://www.phiglobal.com/) , announced today that it has been granted permission to trade its ordinary shares on the Open Market Segment of the Frankfurt Stock Exchange, effective September 7, 2009. The Frankfurt trading symbol is "1P8.F" and the German securities code: (WKN) is "A0RPEA".
The Philand Ranch master plan is commencing with Pointe91, a high-end residential and resort community in Bien Rang, Chu Lai, Vietnam. Located on an exclusive and majestic bluff overlooking the South China Sea with rocky shores that extend to the north and seemingly endless sandy beaches southward, the 118 acre (47.7 hectare) development is encompassed by diverse topography. The plan calls for the development to grow to an eventual 300 contiguous acres. Pointe91 will offer luxury accommodations in an exclusive community including 227 grand private home residences in seven separate communities, an exclusive Five-Star Riveria Beach Hotel Spa with 180 rooms and 30 detached premium residences that will be offered as part of a private residence club.
Pointe91 will also feature spectacular attractions like the outdoor 250-seat amphitheatre with a South China Sea backdrop, an Interational commercial-retail center, a state-of-the-art management executive education training facility, recreational parks and miles of hiking and jogging trails along the scenic and natural terrain exclusive to Pointe91.
Pointe91 is strategically located less then seven minutes from the Chu Lai Airport. In accordance with the Vietnamese government''s plan, the Quang Nam and Chu Lai area is expectred to experience an increase in tourism. The Chu Lai Airport will be upgraded to meet international standards and will be capable of handling up to 1.5 million visitors a year by 2015. Pointe91 is expected to become a choice destination to accommodate guests from Southeast Asia, Europe, Australia and the U.S., as well as the fast-growing, local affluent Vietnamese population.
Philand Ranch master plan is a long-term multi-billion dollar development project, which includes the Pointe91 luxury living community, the private residence club properties, the featured five-star Riviera Hotel Spa, the 3,950-acre free trade zone, the open economic zone, and PHILAND housing, is expected to produce stable, long-term recurring revenues, more jobs and economic growth for several decades to come.
With over 100 years of accumulated experience, the PHILAND team is comprised of international real estate marketers, world-class architectural designers and land planners. We have Vietnamese real estate law expertise and a network of infrastructure development and construction companies in Vietnam to help us pursue cost saving benefits through each step of the process. Together, we have developed over 50,000 acres of land all over the world with state-of-the art hospitality, recreational facilities and commercial and residential properties. With our expertise and network of resources, we have the ability to properly brand, market, and merchandise our subject properties successfully thus sustaining long-term growth and creating value for investors and partners as well as for the country of Vietnam.
Henry Fahman, chairman of Philand Ranch Limited, said, "We are delighted to get the approval for trading on the Frankfurt Stock Exchange. The listing enables German and European investors to participate in this unique opportunity that will augment our ability to obtain funding to complete our flagship Pointe 91 project in Central Vietnam and engage in other opportunities in Southeast Asia."
Daniel St. John, a director of Philand Ranch Limited and project director for Pointe 91, said, "We are striving to enhance our corporate visibility in Germany and expand our corporate image to a broader investor community in the EU. We believe the Frankfurt Stock Exchange listing assures that our compelling story will reach a much larger European investor audience."
The Frankfurt Stock Exchange:
The FWB Frankfurter Wertpapierborse is the world''s third largest organized Exchange-trading market in terms of turnover and dealings in securities. It accounts for more than 75 percent of the total securities turnover in Germany and is therefore the most important of the eight German stock exchanges. The public guarantor of the FWB is the Deutsche Borse AG whose duty it is to ensure the full viability of trading in securities. With the support of state-of-the-art computer-based trading, processing and information systems the Frankfurt Stock Exchange has been able to keep pace with the ever-increasing demands of the international stock market business. There is a full spectrum of computerized security trading available through Xetra(R) in addition to the traditional floor trading. Xetra(R) was established in November 1997 and has enabled the FWB to consolidate its existing competitive edge and create an attractive framework for international investors and market participants. The cosmopolitan atmosphere Frankfurt enjoys is demonstrated in the membership structure of the stock market where more than 70 foreign banks and financial service companies are counted among the total of more than 330 members.
About Philand Ranch
Philand Ranch Limited, a United Kingdom corporation, Company # 6923797, is the holding company for the development and management of real estate properties throughout Southeast Asia. The company is the parent of Philand Corporation, a U.S. corporation, and Philand Ranch Ltd., a Singapore corporation. It manages its real estate development activities in Central Vietnam through Philand Vietnam Ltd., a wholly-owned subsidiary of Philand Corporation. Web site: http://www.philandranch.com/
Safe Harbor: 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. Such forward-looking statements are made based upon management''s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
PHI Group, Inc.
CONTACT: Daniel St. John, (714) 843-5453, Daniel.St.John@phiglobal.com
