Scottsdale, Arizona 6/3/2009 1:43:30 AM
News / Finance

Phoenix Interests Inc. (PXNT.OB) Swaps Ticker, Updates Shareholders on Additional Changes to Come

QualityStocks would like to highlight Phoenix Interests Inc. (OTCBB: PXNT). Earlier this year, the company launched a new business strategy to create a comprehensive and global mobile computing technology business.

 

In the company’s news yesterday,

 

Phoenix Interests Inc. announced the immediate change of its corporate ticker on the OTCBB, from PXIT to PXNT. The switch reflects the company’s changing business plan, as it focuses on the upcoming launch of its new mobility technology strategy, targeting a rapidly growing global market for mobile solutions.

 

To execute its changing business strategy, Phoenix Interests has laid out the blueprint for several significant changes in operations and corporate cosmetics.

 

Phoenix Interests is in the final stages of its acquisition of Stonewall Networks, which will be the first of several planned acquisitions. Stonewall Networks plays into Phoenix Interests’ plans to enter into the global mobile computing technology business. Stonewall Networks’ proprietary solutions for mobile network security, including its security policy management product, will serve as the cornerstone for Phoenix Interests new mobile solutions strategy.

 

Phoenix Interests also recently teamed up with the Greenfield program, a company with the ability to rapidly introduce new technologies into the market, driving an increased return on investment. The relationships with the Greenfield program and Stonewall Networks are expected to collaboratively generate $1 million in Phoenix Interests’ first-year revenue.

 

The company will soon undergo a corporate name change to NuMobile Inc., which more accurately reflects its mobile technology developments than “Phoenix Interests.” Once this name change is complete, the company will launch a new Website to support and collaborate the name change and new operations.

 

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.