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Technology Stocks : Koala International Wireless Inc. (OTCBB: KIWI) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (76)	10/4/2004 2:21:41 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 130

03/10/04 Thoroughbred Interests, Inc. Signs Letter of Intent with Kiwi Network Solutions, Inc. LOUISVILLE, Ky.--(BUSINESS WIRE)--March 10, 2004--Thoroughbred Interests, Inc. (TBRE - news) today announced it has signed a letter of intent with Kiwi Network Solutions, Inc. (KWNS - news) to help with final development of the Totemaster pari-mutuel software that Thoroughbred Interests recently agreed to acquire. Additionally, Kiwi Network Solutions has agreed to grant Thoroughbred Interests access to its proprietary and third-party licensed wireless network platforms. On completion, Totemaster software will be marketed to existing pari-mutuel wagering facilities, including those who offer online account wagering. As previously announced, in January 2004 Thoroughbred Interests elected to regulated as a business development holding company. This will make it easier for Thoroughbred Interests to raise capital. The company also recently announced that Wall Street-based Compass Capital Group has committed to invest $5 million over the next 12 months, and that the company plans to change its name to "Phoenix Interests, Inc.," subject to shareholder approval, so as to better reflect the gaming and entertainment focus it has elected to pursue. Due diligence of the Totemaster acquisition is ongoing and a final closing is anticipated sometime during March, 2004. There can be no assurance given that the planned acquisition will ultimately be effected. ABOUT THE COMPANY Louisville, Kentucky based Thoroughbred Interests, Inc.'s core historical business has been acquiring undervalued yearling thoroughbred horses 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 the gaming, entertainment and other sectors. Consistent with this broader focus, in January 2004 the Company elected to be register as a business development company and in February 2004 to change it's name to Phoenix Interests, Inc. subject to shareholder approval. This news release contains forward-looking statements 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," "additional," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements set forth herein include a $5 million funding of the Company by Compass Capital Group, and the Company's intent to consummate the Totemaster Closing as well as other acquisitions in the gaming and entertainment sectors along with the Kiwi Network Solutions, Inc. Letter of Intent. 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) at sec.gov. investor.news.com