SOURCE: Phoenix Associates Land Syndicate

September 06, 2005 07:00 ET

Message From the President of Phoenix Associates Land Syndicate

COVINGTON, LA -- (MARKET WIRE) -- September 6, 2005 -- Phoenix Associates Land Syndicate (OTC: PBLS), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, today announced, although our mining operation sustained a direct hit, that Phoenix has survived Hurricane Katrina and is feverously working to maintain its continued growth. As most of you already know, our mining company, Murphy Sand & Gravel, is located in Pearl River, Louisiana, and is the closest mining operation to the New Orleans area and the Mississippi Gulf Coast. Our location has millions of tons of soil, sand and gravel and we stand ready to furnish material to help rebuild the devastated areas surrounding the Gulf Coast communities and the City of New Orleans. In the best interest of our stockholders, this disaster should almost certainly cause a re-evaluation of the $300,000,000 in reserves located on the company's 820-acre site. Thank all of you for your enthusiastic support of Phoenix while we continue to grow our company. We have some great announcements coming up soon. THANK YOU.

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
    Phoenix
    (419) 944-7720

    Mike Mulshine
    Osprey Partners
    (732) 233-3853