posted
Phoenix International Ventures, Inc. Announces Year End Results
Internet Wire via COMTEX
Apr 2, 2008 5:33:28 PM
CARSON CITY, NV, Apr 02, 2008 (MARKET WIRE via COMTEX News Network) --
Phoenix International Ventures, Inc. (OTCBB: PIVN) ("Phoenix" or "the Company"), an Aerospace Defense company, announced financial results for the twelve months ended December 31, 2007.
Zahir Teja, President and CEO of Phoenix, stated, "This has been a strategic year for us. We have successfully achieved the quotation of the company's shares on the OTCBB market and raised capital. We have increased our backlog to approximately $3.6M and made significant progress in the execution of the study contracts for the USAF and US Navy. We believe that the positive results of these contracts represent potential for revenues which would greatly exceed the company's total annual revenues last year. In addition, we have been successful in marketing our products to International customers that currently represent approximately 31% of our backlog. We believe that in 2007, we have successfully laid the groundwork for a growing and profitable company."
For the twelve months ended December 31, 2007, revenues were $948,775 compared to $1,160,455 in 2006. Losses from operations amounted to $1,191,219, in comparison to a $52,377 net loss from operations for the same period in 2006. Net loss amounted to $1,221,539 in comparison to a net loss of $131,017, in 2006. A significant portion of the expenses were compensation expenses derived from the issuance of stock and options which are not expected to recur in 2008. The company's backlog increased to $3.6 Million for December 31, 2007 in comparison to a $2.6 Million dollar backlog for December 31, 2006. Commenting on the financial results, Zahir Teja, our president and CEO stated: "A great deal of our 2007 expenses were caused by non cash expenditures related to options and shares granted, which expenses were in the amount of approximately $545,000, as well as by the expenses incurred in becoming a publicly traded company. We believe that our new status as a public company will have a positive impact on our future growth and profitability."
About Phoenix International Ventures, Inc.
Phoenix International Ventures, Inc. of Carson City, Nevada, was established in order to acquire and develop business in the defense and aerospace market. The company has 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.
Certain statements in this news release by Phoenix International Ventures, Inc. are forward-looking 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. Forward-looking information is subject to risk and uncertainty. Certain statements in this Press Release may contain forward-looking information that involves risk and uncertainty, including but not limited to, the Company's ability to fund ongoing operations and to complete its obligations under the government and/or customer contract and its other ongoing commitments. Future results and trends depend on a variety of factors, including the Company's successful execution of internal performance plans; product development and performance; government bid and funding availability uncertainty; other regulatory uncertainties; performance issues with key suppliers and subcontractors; and the ability to adequately finance operations including meeting its debt obligations, fund manufacturing and delivery of products.
posted
Phoenix Aerospace Inc. Receives a $1.1M Purchase Order for the Supplying of Ground Support Equipment Subsystems
Internet Wire via COMTEX
Apr 2, 2008 8:53:29 PM
Backlog Exceeds $4M
CARSON CITY, NV, Apr 02, 2008 (MARKET WIRE via COMTEX News Network) --
Phoenix International Ventures, Inc. (OTCBB: PIVN) announced today that its wholly owned subsidiary, Phoenix Aerospace Inc. has received a $1,119,054 purchase order to supply ground support equipment subsystems, to a European customer, delivery is expected beginning third quarter of 2008.
Commenting on the purchase order, Phoenix International Ventures, Inc.'s CEO, Mr. Zahir Teja, commented: "This new order from a European customer, demonstrates the increasing world wide market acceptance of our company's products and parts. For the first time, we have crossed the $4M backlog milestone and hope to continue and build a strong backlog that will assure our healthy growth in the huge Aerospace market."
About Phoenix International Ventures, Inc.
Phoenix International Ventures, Inc. of Carson City, Nevada, was established in order to acquire and develop business in the defense and aerospace market. The company has 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.
Certain statements in this news release by Phoenix International Ventures, Inc. are forward-looking 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. Forward-looking information is subject to risk and uncertainty. Certain statements in this Press Release may contain forward-looking information that involves risk and uncertainty, including but not limited to, the Company's ability to fund ongoing operations and to complete its obligations under the government and/or customer contract and its other ongoing commitments. Future results and trends depend on a variety of factors, including the Company's successful execution of internal performance plans; product development and performance; government bid and funding availability uncertainty; other regulatory uncertainties; performance issues with key suppliers and subcontractors; and the ability to adequately finance operations including meeting its debt obligations, fund manufacturing and delivery of products.
posted
Phoenix Aerospace Inc. Receives a $1.1M Purchase Order for the Supplying of Ground Support Equipment Subsystems
Internet Wire via COMTEX
Apr 2, 2008 8:53:29 PM
Backlog Exceeds $4M
CARSON CITY, NV, Apr 02, 2008 (MARKET WIRE via COMTEX News Network) --
Phoenix International Ventures, Inc. (OTCBB: PIVN) announced today that its wholly owned subsidiary, Phoenix Aerospace Inc. has received a $1,119,054 purchase order to supply ground support equipment subsystems, to a European customer, delivery is expected beginning third quarter of 2008.
Commenting on the purchase order, Phoenix International Ventures, Inc.'s CEO, Mr. Zahir Teja, commented: "This new order from a European customer, demonstrates the increasing world wide market acceptance of our company's products and parts. For the first time, we have crossed the $4M backlog milestone and hope to continue and build a strong backlog that will assure our healthy growth in the huge Aerospace market."
About Phoenix International Ventures, Inc.
Phoenix International Ventures, Inc. of Carson City, Nevada, was established in order to acquire and develop business in the defense and aerospace market. The company has 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.
Certain statements in this news release by Phoenix International Ventures, Inc. are forward-looking 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. Forward-looking information is subject to risk and uncertainty. Certain statements in this Press Release may contain forward-looking information that involves risk and uncertainty, including but not limited to, the Company's ability to fund ongoing operations and to complete its obligations under the government and/or customer contract and its other ongoing commitments. Future results and trends depend on a variety of factors, including the Company's successful execution of internal performance plans; product development and performance; government bid and funding availability uncertainty; other regulatory uncertainties; performance issues with key suppliers and subcontractors; and the ability to adequately finance operations including meeting its debt obligations, fund manufacturing and delivery of products.
posted
Pinnacle Digest: Phoenix International Ventures Sparks Interest of Leading Research Site
M2 Communications via COMTEX
Apr 3, 2008 4:53:22 AM
Apr 03, 2008 (M2 PRESSWIRE via COMTEX News Network) --
www.PinnacleDigest.com is a performance-driven online financial magazine and social network with a proven track record. After yesterday's news from Phoenix International Ventures, Inc. (OTCBB: PIVN) announcing that its wholly owned subsidiary, Phoenix Aerospace Inc. has received a $1,119,054 purchase order to supply ground support equipment subsystems, our team has launched their exclusive investor controlled forum. Our team and members have requested that all Phoenix International shareholders join our community and share their thoughts on the company, its development and future outlook. One of the most important aspects when we research for new investments is to understand the sentiment of the current shareholders; that is why we have released this announcement - we want to know your opinion.
Once a member of PinnacleDigest.com you will receive update reports on Phoenix International as our research progresses. It is our goal to find viable opportunities for each one of our members.
Join PinnacleDigest.com to
Find out if Phoenix International makes it as a Pinnacle Featured Company
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Explain to our investor community what differentiates this company
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Meet the thousands of investors who have already become members of the Pinnacle community.
PinnacleDigest.com is an investment club comprised of over 15,000 members. We use all of our member's insight when selecting our next investment opportunity. Your membership is free - join today.
PinnacleDigest.com has no vested interest in the company mentioned herein. This source of information is from an unbiased perspective. If you wish to become a member of www.pinnacledigest.com you will be gaining access to articles similar to this one and many other useful services we know you will find valuable. Keeping you educated and up-to-date with the market is one of our main purposes. Our approach in achieving this goal and our ability to consistently deliver high quality investment material is what defines our business model.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.
All material herein was prepared by Pinnacledigest.com (Pinnacle Digest) based upon information believed to be reliable. The information contained herein is not guaranteed by Pinnacledigest.com to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Pinnacledigest.com is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Pinnacledigest.com may receive compensation in cash or shares from independent third parties or from the companies mentioned.
Pinnacledigest.com will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Pinnacledigest.com undertakes no obligation to update such statements.
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