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PHILand Ranch Signs Agreement to Co-Develop Part of Hanoi South An Khanh New City

September 30, 2010

FRANKFURT, GERMANY and LOS ANGELES, CA--(Marketwire - September 30, 2010) - PHIGroup, Inc., (OTCBB: PHIE) today announced that its subsidiary PHILand Ranch Ltd., a company engaged in the development of master-planned communities, residential and commercial properties, hospitality and healthcare services in Vietnam and Southeast Asia, (WKN A0RPEA) (FRANKFURT: 1P8) (XETRA: 1P8), has signed an agreement with Hanoi-based Huong Viet International Investment and Trade Joint Stock Company to co-develop the HH3 Project, part of the South An Khanh New City, about 10 kilometers (6.2 miles) from Central Hanoi, Vietnam.

Source URL: http://www.marketwire.com/mw/release.do?id=1327326&sourceType=3
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