SOURCE: Phoenix International Ventures

Phoenix International Ventures

September 04, 2009 08:46 ET

Phoenix Aerospace Inc. Receives $1,047,000 in New Orders From Major Aerospace Customers

Backlog at $7.4M

CARSON CITY, NV--(Marketwire - September 4, 2009) - Phoenix International Ventures, Inc. (OTCBB: PIVN) announced today that its wholly owned subsidiary, Phoenix Aerospace Inc., has received an aggregate of $1,047,000 in new purchase orders. One of the orders is to supply ground support equipment to a major aerospace corporation and the other order is to design engine trailer adapters.

Commenting on the purchase orders, Phoenix International Ventures, Inc.'s CEO Mr. Zahir Teja said, "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."

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. 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.

Certain statements in this news release by Phoenix International Ventures, Inc. 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.

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