Perihelion Global Forming Canadian Subsidiary to Be Listed On Canada's CNQ Stock Exchange
SANTA ROSA BEACH, FL and Wilmington, DE - June 26, 2007 - Perihelion Global, Inc. - (OTC: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that it is forming a Canadian subsidiary to be listed on Canada's CNQ Stock Exchange (www.cnq.ca).

The formation of the subsidiary will result in a dividend for shareholders of Perihelion Global. For every five (5) shares of PHGI owned on the record date of July 2, 2007, shareholders will receive one (1) share of the Canadian subsidiary. It is expected these shares will be 'free-trading' on the CNQ Stock Exchange.

The new subsidiary will engage in the exploration of precious metal and mineral properties in Canada, and will initially make an acquisition in the uranium camp in the Otish region in the Province of Quebec in the near future. The property will meet the guidelines of National Instrument 43-101; a rule developed by Canadian Securities Administrators (CSA) administered by the provincial securities commissions that govern how issuers disclosure scientific and technical information about mineral projects to the public

Perihelion Global has sourced initial funding of $500,000-$800,000 for its Canadian subsidiary with a group of Canadian investors. Shareholders are advised that the formation of the Canadian subsidiary and the subsequent stock dividend will in no way replace, impede or delay Perihelion Global from completing its previously announced acquisition of an NASDAQ OTCBB-listed shell company under the formal Letter of Intent executed June 12, 2007.

Management believes that existing and future shareholders will now have an opportunity to participate in three unique publicly held companies with their current holdings of Perihelion Global; The future NASDAQ OTC:BB entity, the Canadian-listed subsidiary and the Pinksheet-listed entity that will include the FCC-licensed broadcast radio stations.

About Perihelion Global:

Perihelion Global focuses on the acquisition, development and management of technologies and strategic commodity reserves in the energy, natural resource and advanced communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century in environments that are mission critical in the global marketplace. For more information, visit: www.perihelion.com

Contacts
John H. Beebe
Chairman, Chief Executive Officer & President
Perihelion Global
866-748-7610 (Toll Free) x 719
john@perihelion.com

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— price competition;

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— changes in our organization, compensation and benefit plans.

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