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[Drugdoctor]

Good morning all - PHXI - looks interesting - online horse racing on Parimutual horses.

Some of these online companies have done really well, like CYOS.

http://www.barn66.com/


look at what PHXI's recent PR says! These guys already have the website up and running, now they are EXPANDING. All for .0004! WOW!

Phoenix Interests Launches the BETTY Pari-Mutuel Wagering Kiosk
Monday November 21, 10:11 am ET


JEFFERSONVILLE, Ind.--(BUSINESS WIRE)--Nov. 21, 2005--Phoenix Interests, Inc. (OTCBB:PHXI - News):
Phoenix Interests's wholly owned subsidiary, Online Enterprises, launches BETTY, a patent-pending wagering kiosk that brings legal U.S.-based pari-mutuel wagering to public facilities without the need for a gaming license
Phoenix Interests, Inc. (OTCBB:PHXI - News) today announced that its wholly owned subsidiary, Online Enterprises, Inc., has exclusive marketing rights to its new patent-pending pari-mutuel wagering device, a state-of-the-art wagering kiosk known as BETTY. This device has the potential to dramatically extend the reach of pari-mutuel wagering in the United States, in that it uses technology to deliver horse racing and pari-mutuel wagering directly to consumers in locations that do not have a gaming license.

According to a survey conducted by ESPN, interest in horseracing among sports fans grew by nearly 20% between 1999 and 2004. And the growth in 2004, an impressive 5.1%, was the highest of any sport polled. But access to the sport has previously been limited, in that fans of racing could only watch races and wages at racetracks, casinos, and off-track betting parlors. Phoenix Interests anticipates that the launch of BETTY will lead to fans and those who wager on horse racing being able to watch live races, access handicapping data and replays, and of course place wagers from thousands of new locations. BETTY kiosks could be placed in restaurants, bars, retail locations, and other establishments.

Jim D. Tilton, Jr., Chairman, CEO and President of Phoenix Interests, stated: "The launch of BETTY represents the next step in our growth, and we are excited to bring this device to market. Not only does it represent tremendous opportunity for us, it also offers substantial growth for the horseracing industry as a whole. We had a soft launch of this product leading up to Breeders' Cup. We are looking forward to a national rollout of this product in 2006, and our goal is to have in place 1,000 units by the end of the year."

Phoenix Interests expects that the ability to wager on horseracing in locations that traditionally do not offer wagering will impact all aspects of the industry. BETTY would deliver the excitement of horse racing to new customers in entertainment and retail locations they already visit, resulting in an increase in the number of active customers for the industry. The resulting increase in wagering would benefit the wagering company handling the wager, the racetracks hosting races, and horse owners and jockeys. BETTY's patent-pending technology and business methods when combined with existing wagering options would provide customers an easy-to-use product in a safe and tested wagering environment.

When full-card simulcasting became available in 1988, bettors moved their wagering dollars in droves away from live racing and to simulcast races to the point where in 2002, when total handle topped $16 billion, less than $2.5 billion was bet on live racing, down from a high of $11.2 billion in 1980. In 2004, according to numbers released by the National Thoroughbred Racing Association (NTRA), total handle on racing in the United States was $15,091,778,827 in 2004, a slight decrease from 2003 levels. There have been additional declines in total handle in both the 1st and 2nd quarters of 2005.

The trend of declining handle is not industry wide. Alternate and non-traditional pari-mutuel wagering outlets have seen dramatic growth and now account for more than 20% of all handle, according to the NTRA. This underscores the opportunity that exists in the marketplace, and the BETTY kiosk puts Phoenix Interests in a good position to capitalize on the growth experienced by this area of the market.

Tilton added: "The BETTY kiosk could bring the kind of increase in overall handle and wagering opportunities not previously seen in the marketplace." Online Enterprises is currently exploring partnering with other companies to maximize the potential revenue and expects to see increases in revenue and from wagers processed using the new product.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.



Contact:
Phoenix Interests, Inc.
Jim Tilton, 502-584-4434