PHIGroup, Inc. (PHIE.OB) Provides Shareholder Update and 2010 Projections

QualityStocks would like to highlight PHIGroup, Inc. (OTCBB: PHIE). The company develops real estate and natural resources, provides M&A advisory and consulting services and invests in special situations. PHIGroup, which specializes in raising capital and helping take companies public, is developing Philand Ranch, one of the largest master planned communities in Vietnam.

In the company’s news yesterday,

PHIGroup, Inc. reported on the results from its annual general meeting, providing shareholders with a comprehensive review of projected plans for 2010.

Ghanshyam Dass, a former managing director for NASDAQ’s Asia Pacific operations and advisor for Intel Capital and KPMG, was elected to the board of directors at the meeting and will serve until the next meeting in 2011. Working previously with the Hong Kong and Shanghai Banking Corporation as well as the British Bank of the Middle East, Dass currently serves on the boards of many leading international companies.

Chairman and CEO of PHIE Henry Fahman went over last year’s operations and laid out the Company’s 2010 trajectory, especially noting plans to complete transactions for several M&A clients and provide servicing to new clients in this area of its operations, while seeking to expand into countries throughout Southeast Asia.

Fahman also spoke of 2010 plans regarding the Pointe91 project, where PHIE looks to finish phases one and two, consisting of the main entry gate, guard house, stylish violin-shaped lake, offices for sales and interior design, and the Private Residence Club models.

A feasibility study is also in the works at Philand Ranch, PHIE’s subsidiary in charge of the Point91 project, to determine the potential for a branded theme park at a medical center and one south of Hoi An, Quang Nam Province.

Another PHIE subsidiary, PHI Mining Group, will continue to expand operations in Southeast Asia, where surveying and financing will be chief priorities in the selection of sites which have been determined to show potential.

The Company also anticipates creation of two additional subsidiaries that will act as public companies with their own business focus.

Fahman acknowledges the difficulties of 2009 for the global economy but cited “notable progress on many fronts”, pointing out Philand Ranch as a categorical example of this and saying that he looked forward to achieving the objectives set for 2010, which will create “significant value” for the Company’s shareholders.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.