SOURCE: Phoenix Associates Land Syndicate

May 01, 2007 09:30 ET

Phoenix Adding New Production Operation at MS&G

New Dredge and Work Site Operation Will Increase Production by 130%; Additional Work Sites to Be Added This Year as Demand Continues to Grow in the Gulf Coast Region

MADISONVILLE, LA -- (MARKET WIRE) -- May 1, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that its Murphy Sand & Gravel (MS&G) mine at Pearl River, LA is installing a new production operation that is expected to increase its production capability by 130%.

The company indicated that the new production operation with the capacity to produce up to 350 tons per hour of material will be in production in three to four weeks. The following equipment is being added to the MS&G mine site as the new production operation is installed.

Equipment:

--  A Model 1830 Kolberg Washer Plant - 500 tons/hr. - with 44 Inch Twin
    Screws and a 6 X 20 ft. Triple Deck Screener
--  Conveyor - 80 ft. (2 each)
--  Radial Conveyor - 60 ft. (3 each)
--  Conveyor Fed Hopper - 70 ft.
--  Hopper Belt Feeder - 10 yard
--  Allis Chalmers - 8 inch Electric Pump to run plant
--  Sand Dredge - 8 X 10 inch - to move sand to Classifier
--  Dredge - 12 X 12 inch - to feed Plant capable of 350 tons/hr - this
    dredge is already in the water at MS&G
--  Kolberg 7000 Series Sand Classifier/Blending Tank System
--  Series 6000 Coarse Material Washer
--  Concrete Slab - 20 X 50 ft. - for installation of equipment
    
Paul Alonzo, President and CEO of Phoenix, stated, "The addition of this new work site at the MS&G mine will allow us to fulfill current contracts and requests for materials that are already booked and to handle additional requirements." Mr. Alonzo added, "We are receiving new orders for materials and requests for quotations for large contracts on a continuing basis, and due to the growing demand we expect to be adding more work sites at MS&G as cash flows will allow."

About Phoenix Associates Land Syndicate (PBLS)

Phoenix Associates Land Syndicate (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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