SOURCE: Phoenix Associates Land Syndicate

January 05, 2007 05:00 ET

Phoenix Associates Appoints Vice President of Finance

Steve Woolstenhulme Becomes Vice President of Finance for All Phoenix Operations

MADISONVILLE, LA -- (MARKET WIRE) -- January 5, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that Stephen L. Woolstenhulme, 57, has accepted the appointment to Vice President of Finance for all Phoenix operations.

Paul Alonzo, CEO and President of Phoenix, stated, "Phoenix has grown to a multi dimensional, multi million dollar company and it is time that we had a person of Steve's level of skill and competence providing financial leadership as we continue to grow our company. We can no longer afford to conduct our business on a self generated income basis, and for the first time Phoenix, under Steve's guidance, will go into the market and structure financial agreements that will be conducive to continued corporate growth."

Paul Alonzo commented further, "I have the utmost confidence that Steve and his team can accomplish the Company's objectives. Steve will help all of us at Phoenix to achieve many great things. I extend my appreciation of his acceptance of this extremely important position."

Steve Woolstenhulme has a diversified background in finance, sales and business development, having most recently served as the business advisor, software developer, financial backer and a principal of Best AeroNet, Ltd., one of the Best Jets Group of Companies that were acquired by Phoenix in August 2006. Best AeroNet is a contract fuel provider that arranges fueling at more than 600 airports across the USA and Canada for corporate turbine powered aircraft.

Steve is a co-founder of Best AeroNet Aviation, Ltd. and Best Jets, Ltd., companies involved in jet aircraft acquisitions, renovation, management and sales. He is a licensed Airline Transport Pilot with Learjet type rating, with over 2,700 hours of total time.

Steve's early sales experience includes everything from door to door sales to "big ticket" software products, aircraft, real estate, insurance, and private placements of equity securities. He has gained a thorough understanding of the fundamentals of budgeting, forecasting, quotas, capture ratios, and incentive programs. He has also given training sessions on the interrelationship of the "big three" elements to financial success in business -- grow volume, margin, and cost control.

Steve graduated from Brigham Young University in 1976 with a Bachelor's degree in French and a minor in English. He is fluent in French and has developed a high level of software proficiency, having a working knowledge of most business applications software used by companies today.

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

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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