PHI Group Signs Contract to Purchase Farm in Florida

NEW YORK, March 06, 2017 (GLOBE NEWSWIRE) PHI Group, a U.S. diversified holding company engaged in mergers and acquisitions, investing in special situations and providing M&A advisory services to international clients (www.phiglobal.com) (OTCMarkets:PHIL), announced today that the Company had signed a definitive contract to acquire a 408-acre farm in Holmes County, Florida, U.S.A. for its model organic farming program. According to the commercial contract, the Company will pay $1,500,000 for the farm, which includes 408 acres of land, buildings, barns,
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