PHIG PHI Group Inc (CE)

DDC Industries, Inc., a Nevada corporation trading on the Pink Sheets, announced today it had signed a rescission agreement to terminate the business combination with Dai Dung Metallic Manufacture Construction - Trade Co., Ltd., retroactively effective March 09, 2007, and changed its corporate name to PHI Mining Group, Inc. to focus on mining business in Southeast Asia and South America. Starting December 19, 2008, the Company�s new trading symbol will be PHIG.PK. The rescission of the business combination with Dai Dung Metallic Manufacture Construction - Trade Co was due to the unexpected prolonged delays in the financial of audits of the acquired company and the subsequent changes in its scope of business and market conditions. However, the Company believes its new focus on mining opportunities, especially in Southeast Asia, including Vietnam, Cambodia, and Thailand will create significant value going forward. PHI Mining Group, Inc. President Frank Pham stated: �We are excited about the new prospect of the company as we are currently negotiating mining opportunities in Southeast Asia and South America and expecting to consummate several transactions in the near future.� About PHI Mining Group, Inc. PHI Mining Group (Pinksheets:PHIG) is a U.S.-based mining and exploration enterprise focused on acquiring and developing industrial mineral properties. The company is in the process of negotiating to acquire interests in diatomite, lead, copper and granite properties in South East Asia and South America. PHI Mining Group (PMG) is committed to high standards in the areas of environmental management and health and safety for its employees and neighboring communities. Web site: www.phimining.com. Safe Harbor: This news release contains 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.