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Exhibit 99.1
Press Release
October 3, 2000
Phoenix Resources Technologies, Inc. announces changes in its Board of
Directors
CUPERTINO, Calif.--(BUSINESS WIRE)--Oct. 3, 2000--At the meeting of its
Board of Directors held on September 22, 2000, Phoenix Resources
Technologies, Inc. (OCTBB:PRTI.OB) announced the appointment of the
following individuals: (i) Ron Wilkins, as President/CEO, (ii) Tom Thomas,
as Director, (iii) Bobby Rekhi, as Vice Chairman, (iv) Michael Lamb, as
Secretary, and (v) Mike Bahlo, as Treasurer, and the resignation of Ben
Traub, Richard Munson, Warren Gasci and Ellen Luthy each in their capacities
as members of the Board of Directors.
According to Ron Wilkins, President/CEO of Phoenix Resources Technologies,
Inc., "We want to thank all of the departing Board Members for their
entrepreneurial efforts in bringing the Company through the incubation
stage, and we wish to extend a hearty welcome to the new directors as we
enter the growth phase of the Company."
Phoenix Resources Technologies, Inc. plans on being a leading provider of
Internet infrastructure and e-Business application software for presenting
and transacting on-line information solutions that optimize its customers'
valuable resources and build value.
Certain information included in this press release contains statements that
are forward looking, such as statements related to the future anticipated
direction of the Internet industry, plans for future expansion, various
business development activities, planned capital expenditures, future
funding resources, anticipated sales growth and potential contracts.
These forward-looking statements are subject to a number of known and
unknown risks and uncertainties that could cause actual operations or
results to differ materially from those anticipated.
