Industry & Community Leaders to Speak at the 2009 Vietnamese American Summit Conference
VANG 2009 5th Biennial Golden Torch Awards – “Honoring Community & Excellence”

NEWPORT BEACH, CA – Participants from throughout the country are expected to convene on Friday, May 22, 2009 at the Vietnamese American Summit™ leadership conference, which will be held at the Beverly Hilton in Beverly Hills, CA to acknowledge the achievements and contributions of Vietnamese Americans and discuss their past and future impact in such areas as film, media, business, law, politics, and community outreach. This conference provides a unique venue for Vietnamese Americans of various backgrounds – students, professionals, actors, executives, educators, journalists, artists, community leaders – to come together to share life and career stories and to unite and inspire. Panel topics, start times, and participants are as follows:

Surviving & Thriving: Stories from Dynamic Entrepreneurs, 10:00-11:00am
Panelists: Henry D. Fahman (CEO – PHI Group), Charles Phan (Owner – Slanted Door Restaurant), Alee Cao (Owner – The Cao Institute/Paul Mitchell The School), and Tan Le (President – Emotiv Systems). The discussion will be led by moderator John Nguyen (Executive Vice President – PHI Group).

Strengthening Communities Through Non-Profit Involvement, 11:15-12:15pm
Panelists: Leyna Nguyen, (President - Love Across the Ocean), Dr. Linda Trinh Vo (Professor – University of California, Irvine), Amy Nguyen (CPP Deputy Director – UNAVSA), Laura Ward (Development Officer - East Meets West Foundation), and former NFL standout Dat Nguyen (Mentor – Coach for College). The discussion will be led by moderator Hong Vo (CPP Co-Director – UNAVSA).

Empowering the Community Through Politics & Law, 2:00-3:00pm
Panelists: Jacqueline Duong (Judge – Santa Clara County Superior Court), John Q. Duong (Former Executive Director of the White House Initiative on Asian Americans and Pacific Islanders), Dr. KimOanh Nguyen-Lam (Boardmember - Garden Grove Board of Education), and Van Tran (Assemblyman – State of California). The discussion will be led by moderator Luan K. Phan (President – Vietnamese American Bar Association of Southern California).

Achievement & Challenges in Film, 3:15-4:15pm
Panelists: Dustin Nguyen (Actor - 21 Jump Street, The Rebel), Timothy Bui (Director - Three Seasons, Green Dragon), Ysa Le (Director – Vietnamese International Film Festival, Stephane Gauger (Director – Owl and the Sparrow), and Bao Tranchi (Fashion Designer/TV Personality). The discussion will be led by moderator Dr. Mariam Lam (Professor – University of California, Riverside).

The Vietnamese American Summit™ is part of the Vietnamese American National Gala™ (VANG™), a national biennial celebration of Vietnamese heritage and pride. The three-day weekend celebration brings together thousands of elected officials, community and business leaders, and Vietnamese American luminaries – all who come together to share one common vision: To honor America’s best and brightest.

To register for this event or for more information, please visit www.vangusa.org or contact Ms. Ly at (714) 496-9611 or lyly@vangusa.org.

RESULTS OF 2008 ANNUAL SHAREHOLDER MEETING
held on April 10, 2008
 

Regarding the matters raised in the proxy statement and voted on at the Annual General Meeting:

1)  Election of Directors: Tam T. Bui, Henry D. Fahman, Frank Hawkins, Lawrence G. Olson, and Paul K. Nguyen:
     
      99.84 % voted for,
      none voted against,
      0.16% abstained;
 

2)  Amending the Articles  of Incorporation to change the corporate name to “PHI GROUP, INC.” and the par value of the corporation’s common stock to $0.001:

     96.38% voted for, 
     2.40% voted against,
     1.22% abstained;

3)  Upgrading the listing of the Company’s common stock to the NASDAQ Capital Market or another senior exchange and authorizing the Board of Directors to take the necessary steps as may be required to perform such listing, including a reverse split of the corporation’s common stock ONLY IF it deems necessary, appropriate and beneficial to the shareholders of the corporation:

     99.47% voted for, 
     1.53% voted against,
     0.00% abstained;