PHI Group to Acquire Company with Enhanced Bioavailable Nutrient and Water Treatment Systems for Premium Organic Farming

NEW YORK, Dec. 27, 2016, PHIL, (GLOBE NEWSWIRE) PHI Group, a U.S. public company focusing on acquisitions and investments in special situations (www.phiglobal.com)  (OTCMarkets:PHIL), has signed a Memorandum of Understanding to acquire 100% of Abound Farms, Inc., a Nevada corporation with hydroponics operations using proprietary enhanced bioavailable nutrient and water treatment systems that can increase crop yields by up to 100 percent compared to prevalent existing methods. The acquisition is part of the Company’s plan to combine this enhanced bioavailable
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