Contact Information: Contact: Phoenix Interests, Inc. Investor Relations 214-556-5927 info@pxinterests.com
Phoenix Interests, Inc. Announces Removal From Regulation SHO Threshold List
Interview Highlights $1M First Year Revenue Goal and Management's Experience at Two Previous Start-Ups, One Sold to Cisco
| Source: Phoenix Interests, Inc.
LUDLOW, KY--(Marketwire - June 19, 2009) - Phoenix Interests, Inc. (OTCBB : PXNT ) today
announced the Company has been removed from the Regulation SHO Threshold
list. The Company was put on the Regulation SHO Threshold list on June 4,
2009 and remained on the list through June 15, 2009.
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. Phoenix Interests
had been added to the threshold security list because a number of stock
sales had been transacted, but the actual shares had not been delivered.
The number of failures to deliver exceeded the Regulation SHO guidance.
More information on Regulation SHO is available at:
http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold.
Phoenix Interests Featured on ValueRich TV
Phoenix Interests was recently featured on ValueRich TV, a next generation
business talk show featuring up-and-coming companies. ValueRich TV
(www.ivaluerich.com) has recently been introduced by the company ValueRich,
Inc. ValueRich has also recently introduced WallStreetHDTV
(www.wallstreethdtv.com).
During the interview, ValueRich CEO and ValueRich TV host Joseph Visconti
discusses with his guest, James Hinderliter, Phoenix Interests' business
strategy, $1 million first year revenue goal, management experience, to
include two previous start-ups, one acquired by Cisco Systems, and the
Company's proprietary technology. James Hinderliter is currently the CEO
and President of Stonewall Networks, Inc. (www.stonewallnetworks.com).
Stonewall is the first of several planned acquisitions surrounding Phoenix
Interests' recently launched mobile computing technology business.
The interview is available in its entirety at www.ivaluerich.com under
'ValueRich TV' on the website's homepage.
Mobile Security Plan in China Through Partner with $40 Million Sales
Channel
Phoenix Interests recently published an on-demand Webcast to present the
Company's plan to market its mobile security software in China. The Company
has established in-roads in China through the Greenfield Partnership
Program, founded by NewMarket Technology, Inc. (PINKSHEETS : NMKT ) to assist
early stage technology companies in development and marketing. NewMarket
has a subsidiary systems integration operation located in Shanghai
reporting approximately $40 million in annual revenue.
The on-demand Webcast is available at the Company's corporate website
www.pxinterests.com under 'China Mobile Security Plan.'
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
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 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 the anticipated $1 million in first year revenue.
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.