Phoenix Aerospace Inc. (PIVN.OB) Announces $1+ Million in New Orders from Major Aerospace Customers

QualityStocks would like to highlight Phoenix Aerospace Inc. (OTCBB: PIVN). Phoenix Aerospace was established in order to acquire and develop business in the defense and aerospace market. In January 2007, the company acquired 100% of Phoenix Aerospace Inc. which specializes in manufacturing, remanufacturing and upgrading of Ground Support Equipment (GSE) which is primarily used to support military aircraft.

In the company’s news Friday,

Phoenix International Ventures, Inc. announced that its wholly owned subsidiary, Phoenix Aerospace Inc., received an aggregate of $1,047,000 in new purchase orders. One of the orders is to design engine trailer adapters and the other is to supply ground support equipment to a major aerospace corporation.

Phoenix International Ventures, Inc.’s CEO Mr. Zahir Teja commented, “We are delighted to announce these latest purchase orders which give a great boost to the company. These orders bring our backlog to $7.4M. Since September 8, 2008, we have accumulated approximately $5.3M in new orders, of which $2.4M is from the U.S. Air Force for the design and manufacturing of new generation Aircraft Engine Trailers.”

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