After-hours news for Phoenix International Ventures, Inc. (OTCBB: PIVN) & 3D Eye Solutions, Inc. (Pinksheets: TDEY)
Phoenix Aerospace Inc. Is in Discussions With a Major Defense Contractor to Supply Approximately $40 Million of Flight Line Support Equipment
CARSON CITY, NV — (MARKET WIRE) — 07/28/11 — Phoenix International Ventures, Inc. (OTCBB: PIVN) announced here today that its wholly owned subsidiary, Phoenix Aerospace Inc. (“PAI”), is in discussions with a major defense contractor to provide approximately $40 Million of Flight Line Support Equipment to such potential customer over a five year period. There can be no assurance that PAI will be awarded such contract or that, if awarded, such contract will prove to be profitable or otherwise beneficial to the Company […]
Phoenix International Ventures, Inc.
61B Industrial Parkway
Carson City, NV 89706
Phoenix Aerospace, Inc. manufactures various types of support equipment that is essential to maintain and/or operate aircraft or test aircraft sub-systems.
Phoenix Aerospace, Inc. has the capabilities to supply support equipment for: Legacy Aircraft (P-3 Orion, C-5 Galaxy, etc.), Current production Aircraft (F-16, F-22,C-130, etc.), and Future Production Aircraft (JSF).
3D Eye Solutions, Inc. Continues Debt Reduction Efforts
LONGWOOD, Fla. , July 28, 2011 /PRNewswire/ — 3D Eye Solutions, Inc. (OTCPK: TDEY) is pleased to announce that the Company has reduced its long term liabilities from ($2,306,554) for year-end Dec. 31, 2010 to ($1,425,602) for period ending June 30, 2011 . As a result of the debt forgiveness, the Company still expects to post a profit for 6 months ending June 30, 2011 , despite showing a Net loss for the 2nd Quarter.
As part of the negotiated settlement agreement, 3D Eye Solutions was able to reduce its outstanding liabilities by $879,454 . In addition, 3D Network International signed and paid for a 10 Year license agreement. The settlement and license agreement is expected to reduce operational costs by more than $300,000 a year.[…]
3D Eye Solutions, Inc. provides 3D content conversion services and hardware integration for the 3D stereo and auto-stereo media industry. It offers 3D integration box that allows a person to view 2D content on 3D stereo capable televisions (TVs) and displays; auto-stereoscopic real time media player, which converts DVDs and Blu-Ray media, as well as streaming video; and real-time stereo-to depth-to multi-view output algorithms that convert 2D standard media into 3D stereo and auto-stereo format.