Contact Information: Contact: Phoenix Interests, Inc. Investor Relations 214-556-5927 info@pxinterests.com
Phoenix Interests, Inc. Launches Roll-Up Strategy to Build Mobile Computing Solution and Announces Letter of Intent to Acquire Mobility Network Security Company
| Source: Phoenix Interests, Inc.
LUDLOW, KY--(Marketwire - March 4, 2009) - Phoenix Interests, Inc. (OTCBB : PXIT ) today
announced a non-binding letter of intent (LOI) to acquire Stonewall
Networks. Stonewall Networks has developed a proprietary software solution
for mobile network security, including an innovative security policy
management product for enterprise customers. The Stonewall Networks
acquisition is part of a larger Phoenix Interests strategy to create a
comprehensive and global mobile computing technology business. Products
from Stonewall Networks would provide a security backbone for this mobile
solutions strategy.
The Mobile Computing Industry Opportunity
The mobile computing Industry includes mobile application and security
software used on devices such as handheld computers, PDAs, smartphones and
cell phones. The mobile computing solution offerings at Phoenix Interests
are planned to include both infrastructure solutions and applications for
provisioning and managing users accessing networked mobile solutions. The
Phoenix Interests mobile solution set is also planned to include a number
of various industry specific mobile applications, such as online banking.
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.
Phoenix Interests, Inc.
The current mobile computing solution is a new business strategy for
Phoenix. The strategy has been developed over the last year, and Stonewall
is the first of several planned acquisitions in a roll-up strategy to
rapidly establish a portfolio of mobile computing solutions. The Company
anticipates a number of coming announcements regarding a name change,
management changes, an expanded explanation of the new business strategy
and additional acquisitions.
Stonewall Networks
Stonewall Networks is an information technology security product provider.
The Company has developed the Cornerstone Security Policy Manager that
strengthens, centralizes, and greatly simplifies enterprise network
security. With Cornerstone, corporate security policies are consistently
implemented to seamlessly secure the entire network. Cornerstone will
provide security for handheld computers, PDAs, smartphones, cell phones and
core network security devices.
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.