SOURCE: Phoenix Associates Land Syndicate

July 06, 2007 09:30 ET

Phoenix Acquires Southern Concrete Crushing, LLC

MADISONVILLE, LA--(Marketwire - July 6, 2007) - Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that Southern Concrete Crushing LLC has been acquired and will become part of the Phoenix growing aggregate and mining division. Phoenix will convert Southern Concrete Crushing, LLC to a Nevada Corporation immediately.

Paul Alonzo, President and CEO of Phoenix, stated, "This acquisition will allow Phoenix to move into the huge demolition market along the Gulf Coast. Phoenix will now have its own concrete crushing facility for reprocessing and recycling demolished concrete from roads, bridges, etc." Mr. Alonzo added, "Additionally, Phoenix will have mobile crushing and screening capabilities. With this acquisition our company now holds one of the largest stock piles of material of this type available along the Gulf Coast (5 1/2 million tons), with estimated resale value of this material between $10-$21 per ton depending on which products is supplied."

The following items are made from this crushing operation:

1. Road Base
2. Riprap
3. 57 Material
4. 304 Material
5. Fines and other smaller aggregate products
6. Scrap Metal
The demolition division of Southern Concrete has over 85 years of experience in the business and 5 generations of mining experience.

As a result of this acquisition, Phoenix now has contracts in Florida and California to reprocess soil separation and recycle various C and D landfill materials to make them environmentally friendly. These are 5 year contracts and involve 246 million yards of material. The demolition division is currently bidding on other contracts that will make this a global operation.

While some information is by contract not available at this time, the company will be making more information available regarding the acquisition as it is able to do so.

Mr. Alonzo commented further, "We sincerely hope our shareholders realize the scope of the aggregates, mining and demolitions operations that Phoenix has put together in the Gulf Coast Region; a region that 2 years ago suffered the worst natural disaster in recorded US history. Phoenix has been focusing on putting this and other projects together to do its part in assisting Louisiana and Mississippi to rebuild after Hurricane Katrina. We will be continuing to research to properly invest in equipment and assets in our effort to assist in the repopulation of the Greater Gulf area."

About Phoenix Associates Land Syndicate

Phoenix Associates Land Syndicate (PINKSHEETS: 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

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