Thoroughbred Interests Asks For Name Change
Updated: Tuesday, February 10, 2004 11:16 AM
Posted: Tuesday, February 10, 2004 11:16 AM
Bloodstock-company Thoroughbred Interests has changed its name to Phoenix Interests, Inc., subject to shareholder approval. In a press release, the company said the name change reflects its intent to broaden its focus beyond the Thoroughbred industry and into gaming, entertainment, and other sectors.
Jim D. Tilton, Jr., chairman of Thoroughbred Interests, Inc., said, "We are very enthusiastic about exploring possible acquisitions in gaming, entertainment and other sectors. We feel it is appropriate to change our name to better reflect our broader focus. We intend to remain involved in the Thoroughbred industry, but it will not be our only focus. We believe the broader focus will allow us to significantly increase our revenues and earnings."
The company's core business has historically been pinhooking yearlings.
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