Phoenix International Ventures, Inc. Reports Delay in Filing Its Annual Report
April 13 2011 - 11:52AM
Marketwired
Phoenix International Ventures, Inc. (OTCBB:
PIVN) ("Phoenix" or "the Company"), an Aerospace Defense company,
announced today that the Company does not expect to be able to file
its Annual Report on Form 10-K for its fiscal year ended December
31, 2010 by April 15, 2011, but expects that it will be able to
complete its audited financial statements for 2010 and file its
Form 10-K on or before May 15, 2011, although there is no assurance
that it will be able to do so.
About Phoenix International Ventures,
Inc.
Phoenix International Ventures, Inc. of Carson City, Nevada, was
established in order to acquire and develop business in the defense
and aerospace market. In January 2007, the company acquired 100% of
Phoenix Aerospace Inc., which specializes in Design, Engineering,
Manufacturing, Re-manufacturing and upgrading of Ground Support
Equipment (GSE) which is primarily used to support military
aircraft.
Forward-Looking Statements
Forward-looking information is subject to risk and uncertainty.
Certain statements in this Press Release may contain
forward-looking information that involves risk and uncertainty,
including but not limited to, the Company's ability to fund ongoing
operations and to complete its obligations under the government
and/or customer contract and its other ongoing commitments. Future
results and trends depend on a variety of factors, including the
Company's successful execution of internal performance plans;
product development and performance; government bid and funding
availability uncertainty; other regulatory uncertainties;
performance issues with key suppliers and subcontractors; and the
ability to adequately finance operations including meeting its debt
obligations, fund manufacturing and delivery of products.
Corporate Contact: Zahir Teja Email Contact Website:
http://www.phxaero.com