via CAAI News Media
Posted : Thu, 03 Jun 2010
Author : GlobeNewswire
LOS ANGELES and PHNOM PENH, Cambodia, June 3, 2010 (GLOBE NEWSWIRE) -- PHIGroup, Inc. (OTCBB:PHIE) (Frankfurt:PR7) (XETRA:PR7) (WKN A0RNQV), www.phiglobal.com, an M & A company with diversified holdings in real estate development, energy, natural resources and special situations, announced today that the company will be hosting a seminar in Phnom Penh, Cambodia, together with the NASDAQ Stock Market (Nasdaq:NDAQ) and the Cambodia Chamber of Commerce to help Cambodian companies raise capital through the U.S. stock markets.
This is the very first time the Cambodia Chamber of Commerce, the NASDAQ Stock Market and PHIGroup host this kind of event for Cambodian businesses.
The seminar is from 08:00 a.m. to 12:00 a.m. on Thursday, June 3, 2010 at Hotel Cambodiana, 313 Sisowath Quay, Phnom Penh, Tel: 855 23-218 189 / 426 288.
The event provides information on the U.S. stock markets and their listing requirements, important criteria for superior market quality, how to go public and raise capital through the U.S. stock markets, and keys to success as a public company. Presenters include the Cambodia Chamber of Commerce, NASDAQ OMX (www.nasdaqomx.com), and PHIGroup, Inc. (www.phiglobal.com).
Neak Oknha Kith Meng, President of the Cambodia Chamber of Commerce, stated: "As we celebrate a 15-year landmark since the promulgation of the law on chamber of commerce and the establishment of the first Cambodian chamber of commerce, Phnom Penh Chamber of Commerce, we are excited to collaborate with the NASDAQ Stock Market and PHIGroup to provide this unique opportunity for our members to learn about the U.S. stock markets and ways they can raise capital to expand their business."
"NASDAQ is the exchange of choice for innovative, growth-oriented companies across all key sectors," said Eric Landheer, Head of Asia Pacific for NASDAQ OMX Group. "We are pleased to have the opportunity to meet leading Cambodian companies today. When they want to go abroad to expand their investor base and enhance their global brand, they are welcome to do so by listing on the NASDAQ Stock Market, the home of innovation and growth."
Henry Fahman, Chairman and CEO of PHIGroup, said, "We are delighted to work with the Cambodia Chamber of Commerce and NASDAQ OMX Group and to meet with leading Cambodian businesses on this very special occasion. We look forward to assisting Cambodian companies to successfully access international capital markets as they seek to further their growth."
About Cambodia Chamber of Commerce
The Cambodia Chamber of Commerce was established under the Law on Chamber of Commerce promulgated in 1995 and its relevant amendment and regulations of the Kingdom of Cambodia. By nature, the Chamber of Commerce is a voluntary membership-based and is a not-for-profit institution representing private sector interests in commercial, industrial, service and craft and agricultural sectors and dedicates to the economic well-being of their territory and of the country as a whole. Large, medium and small legal businesses from virtually every profession across the nation could join the chamber of commerce. The Chamber of Commerce works to make their voice heard and contributes to the efficiency of the government, thus, making business environment friendlier to businesses. The Cambodia Chamber of Commerce is a national network of all 12 local chambers of commerce, with the Phnom Penh Chamber of Commerce being the first one established. Neak Oknha Kith Meng is the current President of the Cambodia Chamber of Commerce. Web site: http://www.ccc.org.kh/
About NASDAQ OMX Group
NASDAQ OMX is the world's largest exchange company with trading, technology and public company service capability spanning 6 continents.
NASDAQ OMX offers capital raising solutions to companies around the globe and is number one in worldwide listings with more than 3,600 listed companies representing $4.5 trillion in total market value. NASDAQ OMX offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. Its technology supports the operations of over 70 exchanges in 50 countries. Through its Data and Financial Products units, NASDAQ OMX provides its companies and investors with unrivaled market insight and visibility across multiple trading pools. Web site: http://www.nasdaqomx.com/
About PHIGroup
PHIGroup provides M&A advisory and consulting services, develops real estate and natural resources, 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 through its majority owned subsidiary Philand Ranch Limited (Frankfurt:1P8) (XETRA:1P8). This project includes Pointe91, a luxury resort and premium residential community in Quang Nam province in central Vietnam. PHIGroup is also engaged in mining in Southeast Asia through PHI Mining Group, Inc. (Pink Sheets:PHIG). Web site: http://www.phiglobal.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.
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