SOURCE: Phoenix International Ventures

Phoenix International Ventures

October 20, 2009 14:41 ET

Phoenix Aerospace, Inc. Receives $571,000 in New Orders From a Major Aerospace Company

Follows the $1M of New Orders Announced on September 2009; Record Backlog at Approx $7.7M

CARSON CITY, NV--(Marketwire - October 20, 2009) - Phoenix International Ventures, Inc. (OTCBB: PIVN) announced today that its wholly owned subsidiary, Phoenix Aerospace Inc., has received $571,000 in new purchase orders from a major aerospace company. The orders are to supply ground support equipment.

Commenting on the purchase orders, Phoenix International Ventures, Inc.'s CEO Mr. Zahir Teja said, "We are delighted to announce these latest purchase orders that are of the same nature as the approximate $1M of Purchase Orders we announced on September 4th 2009, (only 46 days ago). The speed of the new order from top US Defense and Aerospace Contractors illustrates the potential business from this source and positions us as a leading supplier in the huge ground support equipment demand market. These orders bring our backlog to approx $7.7M. Since September 8, 2008, we have accumulated over $7M in new orders, of which an order for $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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