Article: The Phoenix Group Corporation Acquires Lighting Science, Inc.

Business Editors

DALLAS--(BUSINESS WIRE)--June 1, 2004

Company plans to introduce a new generation of energy efficient,

low cost LED lighting solutions to provide significant economic and

environmental benefits. Initial testing indicates energy savings of

65% - 90% when compared to fluorescent or incandescent bulbs.

The Phoenix Group Corporation (Pink Sheets:PXGP) announced today the acquisition of Lighting Science, Inc., a designer of a new generation of energy efficient, low cost LED light bulbs.

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