LOS ANGELES, CA and HA NOI, VIETNAM--(Marketwire - Oct 31, 2012) - PHI Group, Inc. (OTCQB: PHIL), a company focused on energy and natural resources, today announced that the Company has set up a supply chain management operation to provide industrial and agricultural commodities to Asia and other parts of the world.
The supply chain management division plans to partner with key producers and suppliers of industrial and agricultural commodities to offer reliable products and customer service to end-users and importers. To date, the Company has signed agreements with several producers and suppliers of thermal and coking coals to provide coal supplies to Vietnam and other Asian countries. The Company is also active in other products, including manganese, iron ores, palm oil, sugar, etc., and expects to gradually expand its scope of trading activity as time goes by.
The supply chain management division will play an important role in developing business channels for the Company's coal and other natural resource operations in the future as PHI Group continues to accumulate and develop long-term coal resources in Indonesia to meet the growing needs of energy in the Southeast Asian region as well as Japan, Korea, China and India. PHI Group also intends to allow end-users' participation in certain coal and other resource concessions and provide supplies to these co-owners/end-users on a priority basis.
Management believes the supply chain management operation will be a profit center that can generate regular revenues and profitability for the Company in the very near future.
For more information, please contact: email@example.com.
About PHI Group
Focused on energy and natural resources, PHI Group (OTCQB: PHIL), cooperates with local companies in Asia to develop power plants, accumulates long-term coal and other natural resources, and provides advanced renewable energy technologies in conjunction with select industry partners. Website: www.phigroupinc.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 pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.