SOURCE: Phoenix International Ventures

Phoenix International Ventures

February 17, 2009 17:35 ET

Phoenix Aerospace Inc. Receives a $209K Purchase Order to Supply Ground Support Equipment From a Major Aerospace Corporation; $1M in New Orders Since December 2008

Record Backlog of $6.3M

CARSON CITY, NV--(Marketwire - February 17, 2009) - Phoenix International Ventures, Inc. (OTCBB: PIVN) announced today that its wholly owned subsidiary, Phoenix Aerospace Inc., has received a $209,300 purchase order to supply ground equipment to a major aerospace corporation.

Commenting on the purchase order, Phoenix International Ventures, Inc.'s CEO, Mr. Zahir Teja, said, "We are delighted to announce this latest purchase order in an increasing stream of new orders. This order brings our backlog to a record $6.3M. Since September 8, 2008, we have accumulated approximately $4.2M in new orders, of which $2.4M is from U.S. Air Force for the design and manufacturing of new generation Aircraft Engine Trailers. Since December 1, 2008, we have booked orders of over $1M for ground support equipment for major aerospace companies. These orders are a direct testament of our customers' confidence in our quality and capabilities."

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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