Phoenix Interests, Inc. Suggested Fair Value Target of $0.10 PPS Compared to Current $0.01 PPS to Be Featured in Greenfield Webcast Thursday, June 4

LUDLOW, KY--(Marketwire - June 2, 2009) - Phoenix Interests, Inc. (OTCBB: PXNT) (OTCBB: PXIT) today announced the Company will be featured in a Greenfield on-demand Webcast scheduled for Thursday, June 4th to review the Company's suggested Fair Value Target of $0.10 PPS. The recently recapitalized Company has launched a new mobility software business strategy. The Company currently has minimal revenue that is derived from clients engaged in early trials of Phoenix's proprietary software. The Company anticipates generating $1 million or potentially more in sales within the next 12 months. The Thursday Greenfield presentation will include a review of both the near term suggested Fair Value Target of $0.10 PPS as well as the potential of a $0.50 PPS later this year if the Company achieves anticipated business plan milestones.

A link to the Webcast will be available on Thursday on the Company's corporate website www.pxinterests.com.

Mobility Technology Business

Earlier this year, Phoenix Interests launched a new business strategy to create a comprehensive and global mobile computing technology business. Recently, the Company 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. Products from Stonewall Networks will provide a security backbone for the Company's mobile solutions strategy. Stonewall Networks has developed a proprietary software solution for mobile network security, including an innovative security policy management product for enterprise customers.

Greenfield Program to Improve ROI Potential of Emerging Technology

Additionally, Phoenix Interests has recently partnered with the Greenfield program. The Greenfield program is an emerging technology business partnership program introduced by NewMarket Technology, Inc. (PINKSHEETS: NMKT). The program is intended to accelerate the introduction of new technologies into new markets, and the program is designed to improve the return on investment (ROI) potential of emerging technology and emerging market business initiatives. Phoenix was previously featured in a Greenfield Webcast on May 7th. The Webcast is available for review here: http://www.newmarkettechnology.com/webcast_20090507.htm

The Greenfield program and the Stonewall acquisition are anticipated to drive $1 million in first year revenue.

Mobile Computing Solutions Worldwide

The demand for mobile software applications is being driven in large part by the growing penetration of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. According to IDC, the worldwide mobile phone market reached a new milestone at the close of 2006 with more than one billion units shipped worldwide over the year.

Mobility Technology Overview Webcast

Last month, Phoenix Interests launched a preliminary website that includes an overview of its mobility technology strategy and recent company developments to include the acquisition of Stonewall Networks. On the preliminary website, the Company has released a Corporate Overview Webcast. highlighting Phoenix Interests' plans to reach $1 million in first year revenue, Stonewall Network's products and the Company's recent partnership with the NewMarket Technology Greenfield program. A link to the Webcast titled 'Phoenix Interests Corporate Overview Webcast (May 15, 2009)' is available on the home page of the Phoenix Interests website at: www.pxinterests.com.

NuMobile, Inc.

The Company plans a corporate name change to NuMobile, Inc, to better represent its strategy to roll-up innovative mobile computing solutions. As the Company's mobile technology business develops, the Company plans to continue to expand the corporate website. Once the name change to NuMobile is complete, a newly branded website is planned be released. Anyone interested in the Company's developments is encouraged to check the website often for corporate updates.

Suggested Fair Value Target PPS

The suggested Fair Value Target PPS has been proposed by the Company and the Greenfield program. The methodology used to reach the PPS suggestion will be outlined in the Webcast. No third party has been compensated in the conjunction with determining or publishing a suggested Fair Value Target PPS.

Corporate Email Updates

To be added to Phoenix Interests' e-mail database to receive company updates, please send an e-mail to info@pxinterests.com.

"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.

Contact Information: Contact: Phoenix Interests, Inc. Investor Relations 214-556-5927 info@pxinterests.com