PHI Group, Inc. announced that the company has signed a Strategic Cooperation Agreement with Mekong Delta Group. According to the agreement, both parties have agreed to cooperate in the following areass: (1) real estate: hospitality projects, residential areas, industrial projects and industrial properties, (2) energy: solar power, wind power, biogas power, and waste-to-energy programs, (3) environment: drinking water, waste water treatment, waste management, (4) agriculture: hi-tech agriculture cultivation for domestic consumption and export, and (5) finance: threshold capital, equity and debt financing. Mekong Delta Group current multi-billion U.S. dollar undertakings in Vietnam include a 300-ha urban area in Bien Hoa City, Dong Nai Province; a 1,100-ha city development project in My Duc District, Hanoi; a 500-ha renewable energy project in Binh Phuoc Province, among others.

At the same time the Company has made good progress with respect to the Asia Diamond Exchange development project, the 2,700-ha industrial and logistics zone near the new Long Thanh International Airport, Dong Nai Province, the 2,000-ha Cai Mep Ha Port project, the 3,000-ha city development project in Long Dien District, the 90-ha resort and residence project in Ho Tram, Ba Ria Vung Tau Province and the 54,000-ha sorghum growing project for Empire Spirits, Inc. in Binh Phuoc province, Vietnam.