PHI Group's Chairman and CEO Henry Fahman Speaks at the 4th VietPower Conference

LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(Marketwire - Sep 19, 2012) - PHI Group (OTCQB: PHIL) (PINKSHEETS: PHIL), a company focused on energy and natural resources, announced today that its Chairman and CEO Henry Fahman will present coal upgrading and breakthrough renewable energy technologies at the 4th VietPower Summit held from September 18-21, 2012 at the Sheraton Hotel, Ho Chi Minh City, Vietnam.

This conference is organized by IBC Asia to bring together local and international expert speakers to highlight power generation investment focus and provide insight into new power project investment opportunities in Vietnam as the Vietnamese Government will be investing USD 48 billion in power projects up to 2020. www.vietpowerconference.com

PHI Group invests in coal assets in Indonesia to supply to power plants and provides advanced renewable energy solutions, including patented wind power, airborne wind turbine, and hydro-magnetic gravitational systems, in connection with Global Wind Sun and Power Corp. (www.globalswp.com), Makani Power (www.makanipower.com), and Global Development Systems. In addition, PHI Group also cooperates with Vietnamese companies to develop coal-fired power plant projects.

About PHI Group

PHI Group, Inc. (OTCQB: PHIL) (PINKSHEETS: PHIL) focuses on energy and natural resources. Website: www.phigroupinc.com/

About IBC Asia

IBC Asia is a division of Informa plc, the largest publicly owned organizer of conferences and courses in the world with an output of over 8,000 events annually. Informa publishes over 2,100 subscription based information services including academic journals, real-time news and structured databases of commercial intelligence. Informa's book business has more than 55,000 academic and business titles in print. Informa has over 150 offices in more than 40 countries and employs 8,000 staff around the world. www.ibc-asia.com

Safe Harbor: This news release and the featured interview contain 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.