SOURCE: Phoenix Associates Land Syndicate

August 08, 2005 07:00 ET

Phoenix Announces Plans to Accelerate the Process of Becoming a Fully Reporting Company

COVINGTON, LA -- (MARKET WIRE) -- August 8, 2005 -- Phoenix Associates Land Syndicate (OTC: PBLS), a holding company with assets in sand & gravel, soil products, land development, trucking, contract hauling, construction, swimming pool construction and construction related industries, today announced it plans to accelerate the move to become a fully reporting company.

Mr. Alonzo, President and CEO of Phoenix Associates Land Syndicate, announced that the Board of Directors made the decision to accelerate this process in an attempt to increase the price of our stock for our shareholders of the company. Our accountants and legal team will proceed with all possible haste to make our fully reporting status become a reality in the shortest amount of time.

For more information about Phoenix, go to the Company's website at:

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