Phoenix Interests, Inc. Webcast Reviewing National Guard Contract, New Board Member Retired Major General Hugh G.
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LUDLOW, KY, Jun 30 (MARKET WIRE) --
Phoenix Interests, Inc. (OTCBB: PXNT) today announced the release of an
on-demand Webcast to provide a year-to-date progress update, including a
review of the Company's anticipated $1 million in first year revenue, the
recent addition of Former Chairman of the Dallas Federal Reserve and
Retired Major General Hugh G. Robinson to Board of Directors, the
Company's opportunity to realize the previously announced suggested fair
value target price per share of $0.10 and recent National Guard project.
The Webcast is now available for review on the Company's corporate
website. A link to the Webcast titled 'Phoenix Interests 2009 YTD Update
Webcast (June 30, 2009)' is available on the home page of the Phoenix
Interests website at: www.pxinterests.com.
Phoenix Interests Mobility Computing Business Strategy
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.
New Board Member Retired Major General Hugh G. Robinson
Mr. Robinson is a former Chairman of the Dallas Federal Reserve and a
retired Major General with a distinguished career serving in the United
States Army. Among other prestigious posts, Mr. Robinson served as
President Lyndon Johnson's military aide de camp. In addition to his
public service experience, Mr. Robinson's career has included extensive
executive management experience with senior positions at Southland
Corporation and City Place Development Corporation. He is a graduate of
the United States Military Academy at West Point and earned a Masters
Degree in Civil Engineering from the Massachusetts Institute of
Technology (MIT). In addition to his role at Phoenix Interests, Mr.
Robinson currently serves on the board of Carmax, Inc., the LBJ
Foundation and the Better Business Bureau.
National Guard Project
Last 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.
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:
Phoenix Interests, Inc.
Investor Relations
214-556-5927
info@pxinterests.com
Copyright 2009, Market Wire, All rights reserved.
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