SOURCE: Phoenix Associates Land Syndicate

March 28, 2007 10:23 ET

Best Jets, a Phoenix Associates Subsidiary, Flies First "Platinum Edition" Learjet Model 25

Historic Flight on a Lear 25D Equipped With the Latest EFIS 890R Glass Cockpit Makes Headlines

MADISONVILLE, LA -- (MARKET WIRE) -- March 28, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) announced today that its Best Jets subsidiary based in Denison, Texas is in the final stages of completing its first Best Jets 21st Century Learjet 25 "Platinum Edition" aircraft.

FAA D.E.R. and Manufacturer Flight Test Pilot, Jack Francisco, along with Co-Pilot Hunter Cuthbertson lifted N229WJ Learjet 25D Serial 229 into the air on Wednesday, March 14, 2007 at Stevens Aviation in Nashville, TN, flying for the first time ever a Learjet Model 25 equipped with Universal's Synthetic Vision 890R glass cockpit. This innovative avionics system establishes a new safety threshold by graphically projecting onto the Pilots Flight Display the earth's terrain as it would be seen through the windshield by the pilot on a clear day. This system is designed to reduce the number of aircraft accidents, caused by controlled flight into terrain.

Frank Golden of Stevens Aviation has overseen the installation of the Universal System into the Learjet from start to finish. He says this project has been the highlight of his career and has mustered every bit of his considerable avionics expertise. The project encompassed 11 Supplemental Type Certificates and a graduate degree in Space Management.

Best's Platinum Edition Learjets are equipped with:

--  10,000 Hour/12,000 Cycle General Electric CJ-610 Engines upgraded with
    General Electric's Solid Spool Compressor Rotor.
--  Universal 890R Synthetic Vision Glass cockpit with "Vision 1."
--  Universal's Application Server Unit providing WSI Weather and Charts
    for a paperless cockpit.
--  CJ 610 Engine Hush Kits that comply with Stage III noise regulations
    that bring Learjet 23, 24 & 25 series aircraft into full noise compliance.
--  Custom Artist-Aire Paint and Interior by Kate Woolstenhulme.
    
Roger Humiston, President and Founder of Best Jets, was overwhelmed and delighted to see that his vision for this legendary aircraft had finally become a reality. Mr. Humiston stated, "This cutting-edge technology will now place the Platinum Edition Best Jets aside any Glass Cockpit equipped business Jet." Best Jets is a wholly owned subsidiary of Phoenix Associates Land Syndicate.

Paul Alonzo, Chairman of the Board, indicated that Phoenix Associates Land Syndicate was proud to be part of this historic aviation achievement and would continue to seek advancements to this technology-based industry.

About Phoenix Associates Land Syndicate (PBLS)

Phoenix Associates Land Syndicate (PBLS) is a public holding company, with thousands of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction-related industries. For more information, visit www.pbls.biz.

Forward-Looking Statements

This press release contains statements that are "forward-looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.

Contact Information