SOURCE: Phoenix Associates Land Syndicate

November 13, 2007 11:48 ET

Phoenix Releases Letter to Shareholders

MADISONVILLE, LA--(Marketwire - November 13, 2007) - Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) releases the following letter to shareholders prepared by its CEO and President, Paul Alonzo.

To Our Shareholders:

Many of our shareholders are asking, "What's going on?" I will answer this question on more of a personal level than a professional level. We did release the Q3-2007 financials prepared by our staff and in that release we provided some information.

We have been personally attacked with some of the most highly inappropriate and slanderous comments that anybody could possibly dream up and all of it is false.

This weekend Carolyn and I attended church, as we do every Sunday, and we met and shook hands with one of the greatest disciples of the Father and the Son that I have ever known and on the other side of the same hall we were confronted by a person whose hand I refused to shake. It occurred to me that this is the kind of decision you as shareholders have to make. I hope the information that follows will assist your decision as a continuing shareholder in Phoenix.

Phoenix was recently damaged by three men that were key administrators with Phoenix and by two women that worked in our Financial Department. One of the women has already admitted to her part, one of the women is being sought by authorities for questioning, one man was fired and two of the men are being sought by police and are fugitives.

Carolyn Alonzo is the CFO of Phoenix and she is not going to be replaced. She is the best that we have and she is the go to person if you want anything done at Phoenix.

Ron Blackburn is our COO and he will not be replaced. He is the one guy that I can count on to get things done.

Phoenix will be trading, selling off, and otherwise eliminating companies that do not make a profit. Phoenix will be a much stronger and improved company when this process is complete.

We do not intend to increase our "Authorized Shares" of common stock or preferred stock above the current levels, and we have no plans to do any kind of reverse split. And further, we do plan to reduce our outstanding shares of common stock. We will be implementing a long-term effort to buy back stock in the open market as earnings and cash flow permit.

As to any of the accumulated dividends that may not as yet been paid to holders of our preferred stock, it is our plan to bring these dividend payments current over the next sixty days or so, as our restructuring program progresses.

The litigation is proceeding with the gravel pit as previously discussed. Phoenix plans little or no revenue from the pit and does not currently report the mine as an asset.

Phoenix continues to work with lenders to expand its interests for the future.

Your investment in Phoenix stock to enhance yourself personally is still the same good bet as it always was -- in my opinion.

Carolyn, Ron and I have invested millions of dollars into Phoenix and we are not going anywhere. Phoenix has had a little blip on the radar screen, but all of the panic is totally unjustified and all of those ridiculous and foolish statements on the Internet are totally without merit.

The key asset of Phoenix is its talented and loyal people. This asset brought Phoenix from a $100,000 per year company to a multi-dimensional, multi-million-dollar-a-year company and this asset will guarantee its future success.

Phoenix will remain a non-reporting pink sheet company in the short term and we will continue to give you more pertinent information in the future than almost any other non-reporting company. I hope you will stay with us as shareholders because Phoenix will remain an interesting and viable company to invest in. I hope this helps your decision.

Paul Alonzo
President and Chief Executive Officer
Phoenix Associates Land Syndicate

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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