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 OTCBB
See OTC Bulletin Board (OTCBB). :PHXU), announced today that its wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. , The Best.Net, an Internet Service Provider Internet service provider (ISP)
Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. 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 TCCF Telephone Company of Central Florida
TCCF Tactical Communications Control Facility is an Integrated Communications Provider (ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. ) 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 (1) See in-system programmable.
(2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. , ISDN ISDN
in full Integrated Services Digital Network
Digital telecommunications network that operates over standard copper telephone wires or other media. , 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.