As we predicted PhoenixSurf closed

Date May 24, 2006

PhoenixSurf is officially Closed:

Dear Members,

We would like to bring you up to date on the current situation of Phoenixsurf.com.

As a result of the recent events affecting the program, Phoenixsurf has a cash shortage. Our situation is being reviewed by our lawyer. We are working to come up with a strategy to get our members the return of their initial principal purchase less profits taken.

Our advice for everyone is to please continue surfing your 15 sites a day until you have completed your cycle and/or used up your advertising credits. We have disabled the purchases of advertising packages. Once all of the advertising packages are expired then we will review how much we need to pay out and come up with a plan. It would help the recovery program if you would continue to surf until further advised.

We greatly appreciate your continuing support and thank you for giving us time to review this matter.

Phoenixsurf.com

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