SOURCE: Phoenix Interests, Inc.

June 23, 2009 09:00 ET

Phoenix Interests, Inc. Announces National Guard Information Systems Contract

DALLAS, TX--(Marketwire - June 23, 2009) - Phoenix Interests, Inc. (OTCBB: PXNT) today announced a new partnership with The Nance Group of North Carolina to provide the certification and accreditation of a National Guard information system. The project would ensure information assurance throughout the system's life cycle. Phoenix Interests' Stonewall Networks was chosen for this project based on its security and software systems life cycle knowledge of distributed applications environment. The Nance Group is a Service Disabled Veteran owned small business and a world-class service organization, comprised of both civilian and former military engineers and recognized as a leader in international consulting services.

Earlier this year, Phoenix Interests launched a new business strategy to create a comprehensive and global mobile computing technology business. Recently, the Company announced finalizing the definitive purchase agreement to acquire Stonewall Networks (www.stonewallnetworks.com) as part of this strategy. The Company's mobility roll-up strategy has been developed over the last year, and this acquisition is the first of several planned acquisitions. Products from Stonewall Networks will provide a security backbone for the Company's mobile solutions strategy. Stonewall Networks has developed a proprietary software solution for mobile network security, including an innovative security policy management product for enterprise customers.

Greenfield Program to Improve ROI Potential of Emerging Technology

Phoenix Interests has recently partnered with the Greenfield program. The Greenfield program is an emerging technology business partnership program introduced by NewMarket Technology, Inc. (PINKSHEETS: NMKT). The program is intended to accelerate the introduction of new technologies into new markets, and is designed to improve the return on investment (ROI) potential of emerging technology and emerging market business initiatives. Phoenix was previously featured in a Greenfield Webcast on May 7th. The Webcast is available for review here: http://www.newmarkettechnology.com/webcast_20090507.htm

The Greenfield program and the Stonewall acquisition are anticipated to drive the anticipated $1 million in first year revenue.

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"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Phoenix Interests' actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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