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Phoenix Interests, Inc. : Phoenix Interests, Inc. Announces Removal From Regulation SHO Threshold List

^{Published on 2009-06-19 07:03:14, Last Modified on 2009-06-19 07:04:19 - Market Wire}
 

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.