Contact Information: Contact: Phoenix Interests, Inc. Investor Relations 214-556-5927 info@pxinterests.com
Phoenix Interests, Inc. Anticipates Possible Buy-In and PPS Increase to $0.10 Suggested Fair Value in Response to Regulation SHO Threshold Listing
| Source: Phoenix Interests, Inc.
LUDLOW, KY--(Marketwire - June 8, 2009) - Phoenix Interests, Inc. (OTCBB : PXNT ) announced
today that the Company has been added to the Regulation SHO "threshold
security" list. Management anticipates a possible buy-in and share price
increase in response to the Regulation SHO "threshold security" listing.
Regulation SHO is intended to provide a regulatory framework governing
short selling of securities. Regulation SHO is designed, in part, to
fulfill several objectives, to include establishing uniform locate and
delivery requirements in order to address problems associated with failures
to deliver and potentially abusive "naked" short selling (i.e., selling
short without having borrowed the securities to make delivery).
A Buy-In and Increased PPS May Result to Cover Possible Short Sales
Phoenix Interests has been added to the threshold security list because a
number of stock sales have been transacted, but the actual shares have not
been delivered. The number of failures to deliver has exceeded the
Regulation SHO guidance. Any failure to deliver that has resulted from a
"naked" short sale may result in a corresponding stock purchase to cover
the short position. Stock purchasing to cover short sales can add to the
ordinary demand for stock purchases and correspondingly contribute to an
increased price per share.
More information on Regulation SHO:
(link: http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold).
Greenfield Webcast Including Suggested Fair Value Target of $0.10
Last week, Phoenix Interests was featured in a Greenfield on-demand Webcast
reviewing the Greenfield program for micro-cap public companies and the
program's evaluation criteria to include planned milestones, management
tests, market comparables and capital dynamics. The Webcast provides an
overview of Phoenix's mobility software business plan, initial milestones
and recent recapitalization Additionally, the Webcast discusses 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. 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.
Recently, 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. A link to
the Webcast is available on the Company's corporate website
www.pxinterests.com under the "Greenfield Partner" section.
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.
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
has been 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.