CARSON CITY, NV -- 10/02/07 -- Phoenix International Ventures Inc. (OTCBB: PIVN) announced today that its wholly owned subsidiary, Phoenix Aerospace Inc., has received a $125,000 purchase order to deliver parts and components to the United States Air Force. Phoenix International Ventures Inc. further announces, as of September 30, 2007, it will relocate its corporate and operations to a new address: 42 Carry Way, Suite 1,Carson City, NV 89706. The new location is in a federal certified, Highly Underutilized Business Zone (or HUB zone). Businesses which operate in HUB zones, adhere to certain requirements and are certified by the federal government are potentially entitled to certain government incentives.
Commenting on the recent events, Phoenix International Ventures Inc.'s CEO, Mr. Zahir Teja, said, "We are encouraged by the continued stream of orders from the USAF. We are proud to have the USAF as one of our major customers." On the relocation, Mr. Teja commented, "We are happy that while staying at our home in Carson City, we can move to a location that can benefit the company and the zone."
Phoenix International Ventures Inc. also announced today that as of Friday the 21st of September the company's shares began to trade on the OTC Bulletin Board under the symbol PIVN.
Commenting on the beginning of trading on the OTC Bulletin Board, Phoenix International Ventures Inc.'s Vice President, Mr. Neev Nissenson, said, "We are delighted to begin trading on the OTC Bulletin Board system. We feel that the coupling of the company's achievements with access to the financial market will propel the company to meet its potential and create value for our shareholders."
