PHXU's I S P Subsidiary, The Best.Net, Signs Contracts Resulting in 75% Revenue Increase.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Jan. 11, 2001
Phoenix International Industries, Inc. (OTCBB:PHXU), announced today that its wholly owned subsidiary, The Best.Net, an Internet Service Provider with headquarters in St. Simons, Ga., has signed contracts with a major distributor of e-mail which will increase its revenue in excess of $225,000 to Over $525,000 a Year. This will produce substantial growth in its current profitability resulting from the increase of 75% over its last years revenues of $300,000.
PHXU announced last week that The Best.Net will soon be merged into PHXU's primary subsidiary, the Telephone Company of Central Florida, enabling that company to move closer to becoming a complete "all purpose" telecommunications provider.
About PHXU and Its Affiliates
The Telephone Company of Central Florida, Inc., and The Best.Net, are wholly owned subsidiaries of Phoenix International Industries, Inc., a public company, listed on the Over-the-Counter Bulletin Board under the symbol "PHXU" with headquarters in West Palm Beach, Fla. PHXU is a fully reporting company, current in its filings with the Securities and Exchange Commission. TCCF is an Integrated Communications Provider (ICP) providing comprehensive communications services to both residential and business customers. TCCF offers multiple or individual communications services, including local and long distance telephone, Internet via ISP, ISDN, DSL, data, and website design and hosting.
With the exception of historical facts, the matters discussed in this press release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary based upon a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and technology, continuing demand, the impact of competitive products and pricing, and changing economic conditions.