PHXI is a Company Called Phoneix Intreests. They are very tightly
involved in the thoroughbred racing industry. They have two major
things which should be released in the next few weeks.

The most important thing they are working on is aquiring a horse
racing track in a soon to be slot friendly state. All Mr. Tilton the
CEO would say on this is they were working on aquiring a track in the
northeast. They are planning on turning it into a "Racino" a
combination race track and casino. These are very lucrative
ventures. To see what the future could hold with a raceino all you
have to do is look at MTR gaming group(MNTG) trading at 9.67(used to
trade at .50 a share) a share or Penn Gaming (PENN) trading at 38.81
a share. Slots and casinos are a very profitable investment when run
right. In 2002, "racinos" posted $2 billion in gross revenue, a
fraction of the roughly $69 billion annual revenue generated by the
entire gaming industry. For the last few years, investors have been
trying to match the feat of one investor, who realized more than 10
times his investment selling a racetrack Said Dave Berman, a
managing director at CIBC World Markets, gaming investor Shawn Scott
bought the Delta Downs racetrack in Louisiana for $10 million in 1999
then lobbied the state for a license to put in slot machines and got
it. He sold it to Boyd Gaming Corp. two years later for $125 million.
CIBC advised Boyd while U.S. Bancorp's Libra division advised Scott.
Scott has since attempted a repeat performance in other states, such
as Maine. (could we be trying to buy a track in Maine?)

Besides trying to aquire a "racino" they are also looking for
property in Texas to build a new race track. When this is completed
providing the aquisition goes through as planned they would have two
operating tracks.

The second major thing the company is working on is their website
Barn66.com Dont laugh!! How can a website be a major thing? I am
glad you asked. The website is going to be a gambling portal. They
will be taking horse racing bets as well as casino games. They are
going to use the tracks once aquired and built to simulcast their
live horse races. Simulcasting is where one track sends live feeds
of their races to other tracks so their patrons may bet on that
tracks races as well. During all simulcasting the tracks providing
the live feed also sell advertising. They will use some of this
advertising time to advertise their betting service and website.
They will have a built in targeted audience they get to sell their
product to for free. The barn66.com website is done according to Mr.
James Tilton CEO of PHXI, they are searching for an advertising
agency to help them begin marketing the site even before the track
aquisiton so they can take part of a trillion dollar industry.

On February 20th 2004 the company announced they had received five
million US dollars in funding from Compass Capital Group who will
also act as the companies investment banking firm. Mark Lefkowitz,
Compass Capital Group's investment banker for Thoroughbred Interests,
Inc. stated, "We are very pleased with how easily we were able to
raise the first round of financing for Thoroughbred Interests, Inc.
(Now PHXI)This investment confirms our confidence regarding the
positive direction of the Company and its repositioning into the
ONLINE GAMING, RACING and entertainment industries. We are also very
pleased the Company is now a business development company(this is why
they changed this ticker and name) and that it plans to increase
shareholder value through a well developed and, more importantly,
well-executed business plan.

The third major thing which has already began and should begin
yielding value to the company in the near future is the aquisition of
the "Totemaster" software. The software is to be licensed to horse
tracks, greyhound tracks etc for use in their betting systyems. They
company is paid a fee for each dollar wagered. On March 10, PHXI
announced it signed a letter of intent with software developer KIWI
Network Solutions Inc. to have KIWI assist in developing Totemaster,
a pari-mutuel wagering system, which Thoroughbred agreed to buy from
Great American Financial Corp. on March 1.

Tilton said his focus is racinos, and he wants to buy in states such
as Texas and Florida, that appear close to granting gaming licenses
to racetracks. Last year, Tilton just missed acquiring Blue Ribbons
Downs in Oklahoma, which Backstretch LLC, a private company owned by
the Choktaw nation of Oklahoma, purchased for an undisclosed sum. The
bankrupt track was appraised at $3 million prior to the transaction.
Tilton said adding slot machines can triple a racetrack's value. Mark
Lefkowitz, the Compass Capital banker who arranged the financing for
Thoroughbred, said of racinos, "They're popping up everywhere and if
they're not popping up, there's legislation to have them pop up." He
added, "We're getting in at the ground floor."

We feel there are many major things about to take place in the
company, and look forward to a bright future as according to Mr.
Tilton there are several press releases in the works.

Good luck to all

Information within this email contains "forward looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21B of the Securities Exchange Act of 1934. Any statements
that express or involve discussions with respect to predictions goals
expectations beliefs plans projections objectives assumptions or
future events or performance are not statements of historical fact
and may be "forward looking statements."

I'll hold for a week or so and see what happens. Sure has done well in the past.

Thx for the post NewAge. Up 100% today, nice =)

does anyone that reads charts & graphs have an opinion on the future of this one? there's still a large spread in the bid/ask, as there was all week long.

i suppose there's two options-
> bought it and sold it when it hit .024
> long term hold to see if they end up doing anything, and hope for a PR, cuz nobody seems to know about this one.

just wondering...

PHXI -- Phoenix Interests, Inc.
Com ($0.001)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Phoenix Interests Launches New Internet Site; Barn66.Com to Become Leading Horse Racing Portal

JEFFERSONVILLE, Ind., Oct 19, 2004 (BUSINESS WIRE) -- Phoenix Interests (OTCBB:PHXI) announced today that it will launch Barn66.com the week of October 25, 2004. Barn66 is a comprehensive Internet portal dedicated to the horse racing industry. It is owned by Phoenix Interests' wholly owned subsidiary Online Enterprises, Inc. The new portal will combine pari-mutuel account wagering on race tracks across the country with what Phoenix Interests expect will become the industry's top listing service offering owners of thoroughbred horses the ability sell their horses and related items. The site will offer users customizable news, Instant Messaging, and video race replays.
"The Internet has changed the way many companies do business," said Jim Tilton, Chief Executive Officer of Phoenix Interests. "As a result of simulcasting and account wagering, the thoroughbred industry has experienced a resurgence. Soon, we will be able to offer our customers access to many of the leading racetracks in the country in their offices and from the comfort of their living rooms. Horse owners will also now be able to buy and sell horses very efficiently via our site. We believe Barn66.com has the potential to change the way the horse racing industry does business."

Pari-mutuel wagering in the United States totaled over $15 billion last year, of which an estimated $2 billion was conducted via account wagering and online. Over $1 billion in thoroughbreds were sold last year at public auctions.

Phoenix Interests' core historical business was "pinhooking," namely acquiring undervalued yearling thoroughbred horses and reselling them as two-year-olds in training or as racing prospects. The company is seeking to expand within the thoroughbred industry beyond pinhooking activities and is also exploring opportunities in gaming, entertainment, and other sectors. Consistent with this expanded focus, in January 2004 Phoenix Interests elected to be regulated as a business development holding company and in March 2004 changed its name to its current name.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.

SOURCE: Phoenix Interests

CONTACT: CEOcast, Inc.
Ed Lewis, 212-732-4300

Copyright (C) 2004 Business Wire. All rights reserved.

JEFFERSONVILLE, Ind.--(BUSINESS WIRE)--Dec. 1, 2004--Phoenix Interests (OTCBB:PHXI - News) announced today that its wholly owned subsidiary, Online Enterprises, Inc., has received approval from the Oregon Racing Commission to begin taking account wagers. As a result of this approval, Phoenix Interests will be able to offer on-line pari-mutuel wagering through Online Enterprise's website www.betbarn66.com. Phoenix Interests expects to launch this website in early December 2004.
All account wagering activity will be handled by America Tab Ltd., an account-wagering company. America Tab Ltd. is a multi-jurisdictional simulcasting and interactive-wagering totalizator hub licensed by the State of Oregon Since its inception in 2001, America Tab has increased the annual amount of wagers it has handled from $19.3 million in 2001 to $102.4 million in 2003. It estimates that in the first six months of 2004 it has handled $59.4 million in wagers, a 23% increase from the same period one year ago. Online Enterprises will receive a fee for each wager placed with America Tab through its website. Pari-mutuel wagering in the United States totaled over $15 billion last year, of which an estimated $2 billion was conducted via account wagering and online.

Phoenix Interests' core historical business was "pinhooking," namely acquiring undervalued yearling thoroughbred horses and reselling them as two-year-olds in training or as racing prospects. The company is seeking to expand within the thoroughbred industry beyond pinhooking activities and is also exploring opportunities in gaming, entertainment, and other sectors. Consistent with this expanded focus, in January 2004 Phoenix Interests elected to be regulated as a business development holding company and in March 2004 changed its name to its current name.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.

--------------------------------------------------------------------------------
Contact:
CEOcast, Inc.
Ed Lewis, 212-732-4300