CORRECTING and REPLACING Thoroughbred Interests, Inc. Plans to Change Name to Phoenix Interests, Inc.Sports Editors/Business Editors CORRECTION...by Thoroughbred Interests, Inc. LOUISVILLE, Ky.--(BUSINESS WIRE)--Feb. 10, 2004 In BW5228 issued Feb. 10, 2004: Please replace the release with the following corrected version. The corrected release reads: THOROUGHBRED INTERESTS, INC. PLANS TO CHANGE NAME TO PHOENIX INTERESTS, INC. Thoroughbred Interests, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : TBRE) today announced it's plan to change it's name to Phoenix Interests, Inc., subject to shareholder approval. This name change reflects the Company's intent to broaden its focus beyond the thoroughbred industry and into gaming, entertainment and other sectors. Jim D. Tilton, Jr., Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Thoroughbred Interests, Inc. stated, "We are very enthusiastic about repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. the new entity into the multi billion dollar online gaming See gaming. sector and exploring possible acquisitions in the racino, gaming and entertainment sectors. We feel it is appropriate to change our name to better reflect our broader focus. We intend to remain involved in the thoroughbred industry, but it will not be our only focus. We believe the broader focus will allow us to significantly increase our revenues and earnings." A Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. report for the online industry pegs annual revenue at $4.2 billion for 2003, while Christiansen Capital Advisors predicts a slightly more rosy picture pointing to an estimated $4.5 billion in revenue for calendar year 2002, saying 2005 revenue could exceed $10 billion. InformaMedia Group, which tracks electronic gambling, predicts that online gaming revenue will even reach $14.5 billion by 2006. ABOUT THE COMPANY Louisville, Kentucky  “Louisville” redirects here. For other uses, see Louisville (disambiguation). based Thoroughbred Interests, Inc.'s core historical business has been acquiring undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. yearling yearling an animal in its second year of age, e.g. yearling cattle, yearling filly, yearling colt. yearling disease rinderpest in wildebeeste in the Serengheti. thoroughbred horses Thoroughbred horse, breed of light horse more properly known as the English running horse. As its name implies, it was the first pedigreed, or "thoroughbred" horse. and reselling them as two-year-olds in training or as a racing prospect. This is commonly referred to in the thoroughbred industry as "pinhooking". The Company is currently looking to expand within the thoroughbred industry beyond its core pinhooking activities. The Company is also currently implementing new strategic corporate initiatives along with exploring potential acquisition candidates in gaming, entertainment and other sectors. Consistent with this broader focus, in January 2004 the Company elected to be regulated as a business development company. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "desires," "potential," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements set forth herein include the Company's intent to explore acquisitions in the gaming and entertainment sectors as well as others and acquire revenues and earnings. All forward-looking statements in this press release are made as of the date hereof, and the Company assumes no obligation to update these forward-looking statements whether as a result of new information, future events or otherwise. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. These uncertainties include those set forth in the Company's SEC reports, including the Company's Form 10-KSB and other filings. Copies of these filings are available through the SEC's electronic data gathering analysis and retrieval system (EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. ) at http://www.sec.gov. |
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