Contact Information: Contact: Phoenix Interests, Inc. Investor Relations 214-556-5927 info@pxinterests.com
Phoenix Interests, Inc. Announces Greenfield Program Anticipated to Drive $1 Million in First Year Revenue
Company to Be Featured in Greenfield Webcast May 7th
| Source: Phoenix Interests, Inc.
LUDLOW, KY--(Marketwire - May 6, 2009) - Phoenix Interests, Inc. (OTCBB : PXITE ) today
announced that the Company has partnered with the Greenfield program. The
Greenfield program accelerates 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. The Company will be featured in a Webcast on the
program May 7th.
Mobility Software Strategy
Phoenix Interests recently announced finalizing the definitive purchase
agreement to acquire Stonewall Networks (www.stonewallnetworks.com) as part
of a larger Company strategy to create a comprehensive and global mobile
computing technology business. 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 this 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.
Corporate Revitalization and $1 Million in First Year Revenue Anticipated
The Company has just finalized its 2008 annual report and expects to file
the report with the SEC soon. The ticker symbol will change to PXIT in
conjunction with the report being filed indicating the Company is back in
compliance with SEC regulations. The Greenfield program and the Stonewall
acquisition are anticipated to drive $1 million in first year revenue. The
Company plans to conduct a management Webcast next week to provide an
overview of the Company's business plan.
Name Change to NuMobile
Phoenix Interests has recently announced a planned corporate name change to
NuMobile, Inc., to better represent the Company's new strategy to roll-up
innovative mobile computing solutions.
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.