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PHXU>>>>>>>>>>
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--July 26, 2001--Phoenix International Industries, Inc. (OTCBB:PHXU) announced that its wholly owned subsidiary, EPICUS, Inc. posted revenues in June 2001, showing that for the second consecutive month the company has earned a profit. Revenues are expected to continue to increase substantially as they continue to increase their customer base and shorten the time frame between the sale and delivery of service to their new subscribers.

"It is to our credit that in these times when almost all telecommunication companies are losing money, EPICUS has managed to show a $12,800 net profit for the month of June, and this is the second month in a row we have been profitable. During the next quarter, we expect our revenues to grow sharply as we begin to expand our sales and service into new geographical areas.

In addition to the growth rate in sales, it is our automated systems that remain one of the main reasons for our higher profit margins, and it is those same computerized capabilities, which enable us to rapidly provision new business, and do our own billing, that put us in a class above most of the other CLECS in this country. Additionally, we continue to increase and improve our service personnel and improve our back office capabilities in line with our expanded sales efforts," said EPICUS CEO, Marvin Himel.

EPICUS is a Competitive Local Exchange Carrier ("CLEC") telecommunications company, wholly owned by PHXU. It provides discount local, long distance and Internet telecommunication services via advantageous resale agreements with major carriers. EPICUS was the first CLEC registered in Florida under the "Communications Act of 1996". EPICUS is based in the Orlando, Florida area.

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, that involve risks and uncertainties. Readers are cautioned as to potential risks, as discussed in the Company's Annual Report on Form 10K-SB filed with the SEC for period ending May 31, 2000, and the risks discussed in the Company's other filings with the SEC. While management believes that the expectations reflected in the forward-looking statements and assumptions upon which the forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to be correct.

CONTACT:

Phoenix International Industries, Inc., West Palm Beach

T. Donaldson, 561/688-0440

e-mail: [e-mail]

KEYWORD: FLORIDA