Phoenix Interests, Inc. Announces Former Chairman of the Dallas Federal Reserve and Retired Major General Hugh G. Robinson to Board of Directors

Company Increases First Year Revenue Forecast

Phoenix Interests, Inc. (OTCBB: PXNT) today announced Hugh G. Robinson to the Company's Board of Directors. Earlier this year, Phoenix Interests launched a new business strategy to create a comprehensive and global mobile computing technology business. The Company has executed a definitive purchase agreement to acquire Stonewall Networks (www.stonewallnetworks.com) as part of this strategy. The Company's mobility roll-up strategy has been developed over the last year, and Stonewall is the first of several planned acquisitions.

Mr. Robinson is a former Chairman of the Dallas Federal Reserve and a retired Major General with a distinguished career serving in the United States Army. Among other prestigious posts, Mr. Robinson served as President Lyndon Johnson's military aide de camp. In addition to his public service experience, Mr. Robinson's career has included extensive executive management experience with senior positions at Southland Corporation and City Place Development Corporation. He is a graduate of the United States Military Academy at West Point and earned a Masters Degree in Civil Engineering from the Massachusetts Institute of Technology (MIT). In addition to his role at Phoenix Interests, Mr. Robinson currently serves on the board of Carmax, Inc., the LBJ Foundation and the Better Business Bureau.

The Company will release an on-demand Webcast on Tuesday, June 30, 2009. The Webcast will provide a year-to-date progress update to include the Company's increase to its anticipated $1 million in first year revenue. Additionally, the Webcast will include a review of the previously announced suggested fair value target price per share of $0.10.

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"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Phoenix Interests' actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.