SOURCE: Phoenix Associates Land Syndicate

August 04, 2005 07:00 ET

Phoenix Announces a Stock Buy Back

COVINGTON, LA -- (MARKET WIRE) -- August 4, 2005 -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) today announced that it has set aside certain funds to re-purchase and place into its treasury an unlimited number of stock certificates that are either currently free trading and/or restricted. This stock buy-back is the first of many as planned by the Phoenix Board of Directors. Phoenix hereby offers to purchase your shares based on the following:

  1. PBLS will pay $.004 per share for your stock.
  2. Send your stock certificate via certified - return receipt requested
     mail to:
           P.O.Box 1358
           Covington, Louisiana  70434-1358
  3. With your certificate send a letter, in your own words, stating that
     you are selling the stock back to Phoenix for $0.004 per share and
     that you request your payment on same within thirty (30) days.
  4. Sign the back of your certificate as the seller along with your
  5. Phoenix will handle the ensuing paperwork and pay you for your stock
     within thirty (30) days of the receipt of your letter and your
     signed certificate.
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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