Lowe's Charlotte Bobcats Organization Sign Multi-Year Sponsorship Agreement

The company also plans on holding
at the Kentucky Derby and other Triple Crown Racing events free
seminars on online wagering, and also plans to distribute flyers at
such events. Reference
is made to the Phoenix Interests' filings with the Securities and
Exchange Commission for a more complete discussion of such risks and
uncertainties.

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C.

Phoenix Interests Group Launches Comprehensive Marketing Program

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Co-sponsorship of the Charlotte Bobcats regular season Opening Night on
Saturday, Nov. Additionally , in the coming weeks the company plans to
market its websites by means of advertising posted on other websites
catering to those who wager online.

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5, against Boston in the first-ever game at the New Charlotte
Arena is also among the planned activities surrounding the partnership. We look forward to forming a winning
combination. The team will move to the New Charlotte Arena
beginning in 2005-06.
BetBarn66.com the best account
wagering site in the industry.

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"

About Lowe 's
With fiscal year 2004 sales of $36. Chicago was the
first major market targeted, with Baltimore , New York and others soon
to follow.
Consequently, actual results could differ materially from the
expectations expressed in these forward-looking statements.

soon already

"Lowe's is
an elite company founded in North Carolina and we look to match their long-
time success as our franchise evolves.
The previous site record was set during Kentucky Derby weekend and
included the site's single largest day of total handle, Derby
Day.
Friday's Guaranteed Ticket selection was a winner--Eddington in
the Pimlico Special.
BetBarn66.

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C.

Consequently, actual results could differ materially from the
expectations expressed in these forward-looking statements.com will not lose money on a specified $2
across-the-board wager.BetBarn66.com is a member of the AmericaTab affiliate system .

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"We are honored to be partnering
with the NBA's newest franchise during the team's first season in the New
Charlotte Arena, a venue that will be one of the nation's premier spectator
facilities ., (OTCBB: PHXI), the owner of the online horse-wagering
and destination sites Barn66.
Tilton.

com has grown significantly starting
with the Kentucky Derby and continuing through the Preakness . Customers of
BetBarn66.

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com (NASDAQ symbol: UBET) and other online wagering sites.

(OTCBB: PHXI) announced today that BetBarn66.
All account wagering activity on www.

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newscom.com /cgi-bin/prnh/20031205/LOWLOGO)
"The Charlotte Bobcats are an important addition to Lowe's sports
marketing alliances," said Larry D.com' a household name to horse racing fans," stated Mr."
The company will announce any new marketing or promotional
platforms as they are developed.

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For more information, visit Lowes. "Along with our announced marketing plan, we continue to
investigate other creative marketing strategies with our marketing
partner, Pylon Management, in order to reach our critical mass of
customers. For Preakness weekend, the
site's total handle increased nearly 4 % over the total handle for
the Kentucky Derby weekend. Not only
did the site have a record Preakness weekend in terms of total handle,
we also saw substantial numbers of new account signups and had nearly
44% of our active account holders place a wager.

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About the Charlotte Bobcats Organization
The Bobcats are the NBA's 30th franchise and finished their inaugural
season with an 18-64 record.----Phoenix
Interests, Inc.

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Reference
is made to the Company's filings with the Securities and Exchange
Commission for a more complete discussion of such risks and
uncertainties. Its
customers pay no wagering or subscription fees., a multi-jurisdictional simulcasting and
interactive-wagering totalizator hub licensed by the State of Oregon.

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Stone, Lowe's senior executive vice
president of merchandising and marketing."
One of the features of the New Charlotte Arena is the Lowe's Home Court
Gallery, an interactive celebration of the Carolinas' rich basketball history
showcasing the state's high school, college and professional basketball stars.com used an aggressive radio, email and direct mail
campaign to encourage play on Preakness weekend, and the site issued
two "Guaranteed Tickets," one for Friday and one for Sunday.

derby memoirs

The Charlotte Bobcats organization includes the
Charlotte Bobcats (NBA), the Charlotte Sting (WNBA) and the New Charlotte
Arena, opening in the fall of 2005 ."
"We believe that the continued growth in both horse racing and
online wagering has the company positioned for tremendous exposure
through various means of marketing and promotions," stated Jeff
Raymond, of Pylon Management.com is an internet site that allows its customers to
watch and bet on great horseracing action from across the country and
around the world.com make advance deposits in their accounts and are provided
with a full range of wagering options, 20 channels of streaming video,
hundreds of races daily, and thousands of replays.

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(Logo: http://www.

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For information on becoming a Bobcats Season Ticket
Holder, call 704-BOBCATS.com and BetBarn66. "I am excited to begin our campaign to make
'BetBarn66. Phoenix Interests
believes that this combination of free services, great racing, and
range of wagering options makes BetBarn66.

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Phoenix has implemented the first phase of this marketing plan by
targeting major markets via print and radio media. That record day, after being adjusted to include future pool
wagers on the date the wager was made, was more than three times the
site's previous largest day. These marketing efforts helped to increase
handle from all account holders, leading to the record weekend
performance.
James D., Chairman , CEO and President of Phoenix
Interests, stated, "BetBarn66.

Statements made in this news release that relate to future plans,
events or performances are forward-looking statements.

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"We are excited to partner with Lowe's as we open the New Charlotte Arena
and begin another chapter of the Charlotte Bobcats Organization," said Ed
Tapscott, Charlotte Bobcats President and Chief Operating Officer.
"The company is now poised to start rapidly increasing its
customer base, and the height of the Thoroughbred season is the
perfect time for us to be launching our marketing campaign," stated
Jim Tilton, Phoenix's CEO.
The company believes that it needs an initial base of 2,500-3,000
customers in order to achieve operational profitability. We have shown that
the site can grow and keep account holders active in their wagering,
and we are looking to maintain those trends.com is handled by
AmericaTab , Ltd.

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Bobcats Alliance Company's Newest Major Sports Marketing Initiative

MOORESVILLE , N.com.

Business Editors/Horse Racing Writers

JEFFERSONVILLE, Ind. It believes
that it can meet this target over the next 18-24 months through
various marketing strategies, and that once it does so its online
wagering subscriber base will become a valuable asset within its
portfolio and will enable the company to seek other synergistic
business opportunities.
It is now our task to find creative and cost-effective means of
arranging increasing our customer base. Barn66 is the only site that will be offering the
entire Triple Crown series of races, including the Preakness .

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com, the
account-wagering site of its wholly owned subsidiary Online
Enterprises, Inc. BetBarn66 .

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5 billion, Lowe's Companies, Inc. Based in Mooresville,
N., announced today it has developed
a comprehensive marketing plan, including print, online and radio
advertising, aimed at increasing its online wagering customer base. 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.

Preakness Weekend Tops Derby Weekend in Total Handle at BetBarn66.com Phoenix Interests' Account-Wagering Site; Total Handle up 4% for Three-Day Weekend; 44%

Tilton, Jr. 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.

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, Lowe's Companies,
Inc . (NYSE: LOW) will become the official Home Improvement retailer of the
Charlotte Bobcats Organization under a multi-year sponsorship agreement
announced today. The sponsorship broadens our opportunities to market Lowe's and
our home improvement products and services to sports fans in our home market
of the Carolinas. "There is no question that there is a
large market for this business, as evidenced by the tremendous success
of youbet., has continued to grow after the Kentucky Derby,
setting new handle records for the site over the three-day Preakness
weekend."

BetBarn66.

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is a
FORTUNE (R) 50 company that serves approximately 11 million customers a week at
more than 1,125 home improvement stores in 49 states., the 59-year old company is the second-largest home improvement retailer
in the world.com through its
subsidiary Online Enterprises, Inc.
Statements made in this news release that relate to future plans,
events or performances are forward-looking statements.

Business Editors/Sports Editors

JEFFERSONVILLE, Ind.----Phoenix
Interests, Inc.com's "Guaranteed Ticket "
promotion ensures that new customers using a promotional code
announced by BetBarn66.

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