FT. LAUDERDALE, FL –December 22, 2009—Apheleon Group announced today that it has enhanced the firm’s Middle East presence via expansion in the Kingdom of Saudi Arabia.

Apheleon has solidified its existing relationship with His Highness Prince AbdulAziz bin Mohammed bin Turki bin Abdul Aziz ibn Saud.  His Highness Prince AbdulAziz and Apheleon have partnered in forming a Saudi company known as Saudi Apheleon for International Economic Consulting.  Saudi Apheleon has now opened an office in Riyadh, the capital of the Kingdom of Saudi Arabia.  The office will be staffed by Eng. Ahmed Al-Rajhi, General Manager of Apheleon Riyadh and Zein Saqer, Business Development Manager.

"This unique and exciting development enhances our global reach,” noted Seth Elliott, a partner at Apheleon.  “Our partnership with Prince AbdulAziz and the opening of this office demonstrate the commitment that Apheleon has to working with first class partners, to advance our mutual business goals.”

Apheleon is a broad based consultancy providing business advisory, capital markets, distribution, joint venture formation and risk and recovery services to a diverse global client base.  Apheleon also advises companies seeking to transact business in the Kingdom of Saudi Arabia.  Apheleon has offices in Ft. Lauderdale, Florida; London, England; and Riyadh, Saudi Arabia.  For more information, please visit the firm’s website at www.apheleon.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act: Statements in this news release may contain forward-looking information within the meaning of Section 27a of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, which may, individually or mutually, impact the matters described herein. There can be no assurance that such statements will prove to be accurate, and the actual results and future events could differ materially from those anticipated in such statements. The company assumes no obligation to update the information contained in this release. Readers should not place undue reliance on any forward-looking statements contained herein.

Contact:

 

United States

Seth Elliott, Partner

Apheleon, LLC

401 E. Las Olas Blvd.

Suite 1400

Ft. Lauderdale, FL 33301

USA

+19543695710

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Kingdom of Saudi Arabia

Eng. Ahmed Al-Rajhi, General Manager

Saudi Apheleon for International Economic Consulting

PO Box 33532

Riyadh 11458

Kingdom of Saudi Arabia

+96614069229

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