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pHOENIX ASSET RECOVERY

p.A.R.

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8 The Green

Suite A

Dover, Delaware 19901

1-302-401-1207

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DISCLOSURE STATEMENT: THIS IS NOT AN OFFER TO SELL SECURITIES. ANY PERSON, ENTITY, OR ORGANIZATION MUST FIRST BE QUALIFIED BY THE COMPANY AND READ ALL OF THE OFFERING DOCUMENTS AND ATTEST TO READING AND FULLY UNDERSTANDING SUCH DOCUMENTS. PHOENIX REAL ESTATE INVESTMENTS INC AND ITS AFFILIATES ARE NOT LICENSED SECURITIES DEALERS OR BROKERS AND AS SUCH, DO NOT HOLD THEMSELVES TO BE. THIS WEBSITE SHOULD BE CONSTRUED AS INFORMATIONAL AND NOT AS AN ADVERTISEMENT SOLICITING FOR ANY PARTICULAR PURPOSE. ALL SECURITIES HEREIN DISCUSSED HAVE NOT BEEN REGISTERED OR APPROVED BY ANY SECURITIES REGULATORY AGENCY IN ACCORDANCE WITH THE SECURITIES ACT OF 1933 OR ANY STATE SECURITIES LAWS.

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