SOURCE: Phoenix Associates Land Syndicate

July 01, 2005 07:00 ET

Phoenix CEO, Paul Alonzo, Releases Message to Shareholders

COVINGTON, LA -- (MARKET WIRE) -- July 1, 2005 -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) released the following message to its shareholders from the Company's President & CEO, Paul Alonzo.


Several investors called the office after our last news release expressing concerns about the use of stock when purchasing existing companies. RESTRICTED AND/OR PREFERRED are the words I left out of the release. In almost all cases we use five year restricted and/or preferred stock to purchase other companies. Each deal has certain unique aspects but they are usually structured with RESTRICTED AND/OR PREFERRED STOCK with certain triggers wherein a seller can exercise various contract options. It is also appropriate to say that any purchase by Phoenix would be expected to be accretive within the first year of purchase, which is certainly in the best interest of our current shareholders. I hope this further clarifies the use of stock in Phoenix purchases.

The management at Phoenix extends our best wishes for a great 4th of July celebration to reaffirm our pride in the signing of the Declaration of Independence.

For more information about Phoenix, go to the Company's website at:

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

  • For More Information Contact:
    Ron Blackburn
    (985) 845-4627
    Email Contact

    Mike Mulshine
    Osprey Partners
    (732) 233-3853
    Email Contact