CARSON CITY, Nevada, 6 April 2008. Phoenix International Ventures Inc.'s wholly owned subsidiary, Phoenix Aerospace Inc. has received a $1,119,054 purchase order to supply ground support equipment subsystems, to a European customer. Delivery is expected beginning third quarter of 2008.
Phoenix International Ventures Inc.'s CEO, Zahir Teja, comments: "For the first time, we have crossed the $4M backlog milestone and hope to continue and build a strong backlog that will assure our healthy growth in the huge aerospace market."
Phoenix International Ventures Inc. of Carson City, Nevada, was established in order to acquire and develop business in the defense and aerospace market. The company has acquired 100 percent of Phoenix Aerospace Inc. which specializes in manufacturing, remanufacturing and upgrading of Ground Support Equipment (GSE) which is primarily used to support military aircraft.