SOURCE: Phoenix Associates Land Syndicate

October 19, 2007 14:43 ET

Phoenix Associates Releases Message to Shareholders

MADISONVILLE, LA--(Marketwire - October 19, 2007) - Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) announced today that with the approval of Paul Alonzo, CEO and President of Phoenix, Johnny Zornes, Assistant to the President, has prepared the following letter to shareholders.

To Phoenix Shareholders:

I would like to take this opportunity to thank all of you who take the time to call me and e-mail me from time to time. I am the assistant to the president of Phoenix, Mr. Paul Alonzo, and have been with Phoenix for over ten years. I am writing this letter as a friend and shareholder like yourselves and to let you know how important you are to me and the company.

Some of you, lately, have asked me my feelings on my position and future with the company. I appreciated your respect and I would like to return that respect by answering all of you.

First of all, like many companies we have had our growing problems with many outside interferences causing damage to our company. I can not discuss these issues due to an ongoing litigation. I would like to say that Phoenix is making the necessary adjustments in our company and strengthening itself for what we all believe will be a great future. You can anticipate a more detailed news release from Phoenix within the next few business days that will hopefully bring you encouragement and a better understanding of where we are and where we are going.

I believe Phoenix will be stronger than ever because we have all bonded together to help make sure that our public company will very soon be greater than ever.

Again, thank you for your kind calls and e-mails.

Always your friend,

Johnny Zornes
Assistant to the President

About Phoenix Associates

Phoenix Associates Land Syndicate is a holding company with assets 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 go to: 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.

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