PHXU (Phoenix International Industries, Inc)
The Company reported revenues of $501,000 for the three month period
ended February 29, 2000 compared to sales revenues of $8,000 for the three month
period ended February 28, 1999 and revenues for the nine month period ended
February 29, 2000 of $1,266,000 compared to $54,000 for the same period the
preceding year. These revenues resulted from telecommunication service sales
generated by Phoenix's newly acquired affiliate Telephone Company of Central
Florida, Inc.("TCCF"), and miscellaneous revenue, as disclosed in the combined
financial statement which is included in this filing.
The Company, during the three month period ended February 29, 2000
executed a letter of intent to acquire 100% of "The Best Net" a Georgia
Corporation based on St. Simons Island. The Best Net is an Internet Service
Provider (ISP) with 2,500 customers, a computer sales and service company and
also has an e-commerce site on the Internet. Details of the purchase are still
being worked out, but it has been agreed that the method of payment will be
comprised of both cash and stock.
The Company, based upon the representations received from TCCF,
believes that prior to the end of fiscal 2000, TCCF will continue to generate
increasing revenues from operations, as it increases its subscriber base for its
telecommunications business. The acquisition of companies like The Best Net is
an excellent example of how TCCF's customer base can be expanded. TCCF and The
Best Net have already begun "cross-selling" their respective services to each
others customers.
The Company, during the coming year, will continued to pursue efforts
to add additional affiliates or attractive joint ventures, primarily in the
telecommunications industry in order to generate additional revenue streams.
Here are some recent Prs from the company as they show how they are growing TCCF customer Base..
biz.yahoo.com
Phoenix International Industries Inc. Announces Implementation of
''Managed Internet Services'' With AT&T
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--April 25, 2000--Phoenix International Industries, Inc. of West Palm Beach, Florida, (OTCBB:PHXU - news)
announced today that it has begun processing orders based on a business arrangement with AT&T for their internet services. These services will allow Phoenix and
its wholly owned affiliate, the Telephone Company of Central Florida (TCCF), to provide their BellSouth DSL services to all their internet customers via AT&T's
Virtual Private Network (VPN). This will permit PHXU to immediately become a player in the high speed access game in the Southeastern US, while it designs and
builds its own internet backbone. The product is planned to be marketed through an agreement with Cox Media Group.
PHXU's President & CEO, Gerard Haryman said, ``This agreement when used in combination with TCCF's existing agreement's with BellSouth, enables TCCF to
project adding 6,300 new customers for internet services in the next 12 month period. This would produce revenues of over $2,600,000 for the next twelve months,
growing to $10,000,000 for the following 12 months and to $30,000,000 at the end of a 36 month period.''
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.
biz.yahoo.com
Wednesday May 17, 8:06 am Eastern Time
Company Press Release
TCCF and BellSouth Team to Offer High-Speed Internet Access
ADSL to be deployed initially in Florida; ultimately throughout nine Southeastern States
ORLANDO AND ATLANTA--(BUSINESS WIRE)--May 17, 2000-- BellSouth (NYSE:BLS - news) and the Telephone Company of Central Florida, Inc.
(TCCF), a competitive local exchange carrier and subsidiary of Phoenix International Industries, Inc. (PHXU:OTCBB), today announced an agreement that will
enable TCCF to rapidly deploy Asymmetric Digital Subscriber Line (ADSL) services across BellSouth's service territory. ADSL provides high-speed Internet
access, with speeds up to 1.5 Megabits per second or 30-50 times faster than dial-up modems, over regular telephone lines.
Under the agreement, BellSouth Interconnection Services, BellSouth's wholesale business unit, will provide access to all ADSL-qualified lines through a single
asynchronous transfer mode (ATM) port in each local access transport area (LATA) across nine Southeastern states. TCCF, based in Orlando, Fla., has committed
to resell a minimum of 40,000 ADSL lines to its customers over the next three years. TCCF is the 13th CLEC to contract with BellSouth for wholesale ADSL
service.
``This agreement with BellSouth will facilitate TCCF's delivery of high-speed data services to our customers as rapidly and as cost effectively as possible,'' said
Gerard Haryman, chairman of Phoenix International Industries, Inc., which owns TCCF. ``By utilizing BellSouth's network, we avoid long delays associated with
build-out of our own facilities and the enormous expenditures associated with infrastructure deployment. That means we'll be able to concentrate on marketing and
customer service.''
``BellSouth is committed to working with competitive local exchange carriers such as TCCF to deliver ADSL and other high-speed data services over the BellSouth
network,'' said Glen Estell, president - BellSouth Interconnection Services. ``We're taking an aggressive approach to meeting our wholesale customers' needs with
flexible and customized solutions. Our BellSouth ADSL Service offers TCCF an immediate footprint in all the major metros where we provide service across the
Southeast region.''
Founded in 1995 in Orlando, Fla., the Telephone Company of Central Florida, Inc., (TCCF) offers local and long distance services to business and residential
customers in Florida, Georgia and North Carolina. Expansion in 2000 includes internet service products and serving customers in Alabama, Mississippi, South
Carolina and Tennessee, with plans to add Kentucky and Louisiana in early 2001. TCCF is a wholly-owned subsidiary of Phoenix International Industries, Inc. of
West Palm Beach, Fla., a public company on the OTC Bulletin Board, traded under the symbol ``PHXU''.
BellSouth Interconnection Services (www.interconnection.bellsouth.com) is the wholesale business unit of BellSouth, serving non-affiliated retail providers of local,
long distance, payphone and wireless services. Created in 1997 as a separate business unit, BellSouth Interconnection Services is responsible for more than $4
billion in annual revenue and has more than 700 sales and marketing professionals and nearly 2,400 operations center experts.
BellSouth is a $25 billion communications services company. It provides telecommunications services, Internet, data and e-commerce applications, wireless
communications, entertainment services, and online and directory advertising to nearly 39 million customers in 19 countries worldwide.
Note to Editors:
This release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results discussed in the
forward-looking statements.
Contact:
TCCF
Kip Ripper, 407/833-0702
adni@magicnet.net
or
BellSouth
Monica Hildebrandt-Mears, 404/471-0788
monica.mears@bellsouth.com
I like this part of SEC filing :
The Company's monthly operating expenses during the nine month period ended February 29, 2000, does not reflect any salary to Gerard Haryman or Thomas
Donaldson, the Company's executive officers, who's salaries have been accrued, but not paid, at the rate of $20,833 and $8,600 per month respectively. The
Company does not contemplate commencing full salary payments to Messrs. Haryman and Donaldson unless and until it begins to generate positive cash flow from
operations.
Contact:
Phoenix International Industries, Inc., West Palm Beach
Thomas Donaldson, 561/688-0440 |
