FRANKFURT, Germany, LOS ANGELES and HO CHI MINH CITY, Vietnam, July 29, 2011 /PRNewswire/ -- PHI Group, Inc. (OTCQB:PHIE; Pinksheets:PHIE; Frankfurt:PR7), an M & A company with diversified holdings in real estate development, energy, natural resources and special situations announced today that its subsidiary PHILand Ranch Ltd., a company engaged in the development of master-planned communities, residential and commercial properties, and hospitality services in Vietnam and Southeast Asia, (WKN A0RPEA, Frankfurt:1P8) successfully conducted the groundbreaking ceremony on Thursday, July 28, 2011 for the Pointe91 luxury resort and elite residential community at Bien Rang Beach, Chu Lai, Quang Nam Province, Vietnam.
Henry Fahman (top right photo), Chairman of PHILand Ranch, stated:" While we are also working with other local partners on a number of projects in Ha Noi, Ho Chi Minh and some major cities in Vietnam at the present which have shorter turnaround schedules than that of Pointe91, we are committed to making a difference with this development."
Website: www.PHILandranch.com.
Contact: Henry Fahman, 714-843-5455, info@phiglobal.com
Web Site: http://www.PHILandranch.com
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