PHOENIX MOVES TO NEW FACILITY

October 31, 2001 -- Washington, DC -- Phoenix International, Inc., (Phoenix) of Arlington, VA is pleased to announce its relocation to a new facility. Expanding government and commercial business necessitated a move into a modern 40,000 sq. ft. tech-flex office / warehouse complex located in Landover, Maryland. The site is 8 miles from downtown Washington, D.C. and in proximity to Andrews Air Force Base and several international airports.

The move results in the consolidation of Phoenix’s management and administration office with its Deep Ocean Operations support facility. The new spaces are of sufficient size to house the company’s commercial undersea search and recovery systems as well as the U.S. Navy’s substantial inventory of similar equipment. Phoenix holds the Navy’s multi-year Undersea Operations contract by which it operates and maintains the Nation’s most comprehensive and sophisticated capabilities in underwater search and recovery to water depths of 6,000 meters. The new facility complements a 6-acre water-front property in Morgan City, Louisiana, the company’s center for its diving, underwater welding, and in-water ship repair capabilities.

According to company President, Mike Kutzleb, the new Landover facility will "provide us and, more importantly, our customers several significant advantages. The consolidation will result in improved internal lines of communication, a leaner organizational structure, better access to local technical labor pools, and allow us to provide a more closely coordinated, faster response underwater search and recovery capability to the US Navy, a key Phoenix customer."

Phoenix International, Inc., is now located at 6340 Columbia Park Road, Suite A, Landover, MD, 20785. The company conducts complex manned and unmanned underwater operations worldwide.

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