Contact Information: Contact: Phoenix Interests, Inc. Investor Relations 214-556-5927 info@pxinterests.com
Phoenix Interests, Inc. to Review Anticipated $1 Million in 1st Year Revenue, Suggested Fair Value $0.10 PPS and Recent National Guard Contract in Webcast Scheduled for Tuesday, June 30
| Source: Phoenix Interests, Inc.
LUDLOW, KY--(Marketwire - June 25, 2009) - Phoenix Interests, Inc. (OTCBB : PXNT ) today
announced an on-demand Webcast scheduled for release Tuesday, June 30,
2009. The Webcast will provide a year-to-date progress update to include
the Company's anticipated $1 million in first year revenue and the
Company's opportunity to realize the previously announced suggested fair
value target price per share of $0.10.
Phoenix Interests has launched a new business strategy to create a
comprehensive and global mobile computing technology business. In its first
major step, the Company recently announced finalizing the definitive
purchase agreement to acquire Stonewall Networks
(www.stonewallnetworks.com) as part of this strategy. The Company's
mobility roll-up strategy has been developed over the last year, and this
acquisition is the first of several planned acquisitions.
The Company also recently recapitalized, reducing the number of issued and
outstanding common shares. To date, the investment in the development of
Stonewall Networks has been privately funded in transactions that do not
include Phoenix Interests' stock. The Webcast will include a review of the
potential benefit to the Company's share price from the combination of the
recapitalization, financing that does not include the use of Phoenix
Interests' stock and the recent National Guard contract.
Earlier this week the Company announced a new partnership with The Nance
Group of North Carolina to provide the certification and accreditation of a
National Guard information system. The project would ensure information
assurance throughout the system's life cycle. Phoenix Interests' Stonewall
Networks was chosen for this project based on its security and software
systems life cycle knowledge of distributed applications environment. The
Nance Group is a Service Disabled Veteran owned small business and a
world-class service organization, comprised of both civilian and former
military engineers and recognized as a leader in international consulting
services.
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"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995
This press release contains forward-looking statements that involve risks
and uncertainties. The statements in this release are forward-looking
statements that are made pursuant to safe harbor provision of the Private
Securities Litigation Reform Act of 1995. Actual results, events and
performance could vary materially from those contemplated by these
forward-looking statements. These statements involve known and unknown
risks and uncertainties, which may cause Phoenix Interests' actual results
in future periods to differ materially from results expressed or implied by
forward-looking statements. These risks and uncertainties include, among
other things, product demand and market competition. You should
independently investigate and fully understand all risks before making
investment decisions.