SOURCE: Phoenix Associates Land Syndicate

June 29, 2005 07:00 ET

Phoenix CEO, Paul Alonzo, Releases Message to Shareholders

COVINGTON, LA -- (MARKET WIRE) -- June 29, 2005 -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) released the following message to its shareholders from the Company's President & CEO, Paul Alonzo.

TO ALL PBLS INVESTORS:

From time to time various questions arise from Phoenix investors that involve possible shorting (What can we do?), dilution (Who will get some shares and what percentage do I have?), and of course our progress toward becoming a full reporting company (When will it happen?).

With regard to Phoenix becoming a full reporting company, it is our plan to make announcements from time-to-time on our progress. The Company is determined to complete this process in 2006 and has made several public announcements on this issue and will continue with these progress reports.

With regard to possible shorting of our stock, we believe this is properly attacked by buying stock in the open market coupled with more buying. Phoenix believes that as more potential investors become aware of our Company and come to understand our business, the buying will continue and our stock will tend to move to stronger hands over the next few months and possibly years. The second thing that can be done by investors would be to demand delivery of your certificate when you buy PBLS stock. If you gain physical possession of your shares in certificate form you will greatly contribute to put the shorters out of business.

The third issue is dilution. Phoenix is a growing company. We plan to add five to eight new acquisitions before 2005 is over. Phoenix does not generally buy with cash, but buys with stock. As Phoenix buys -- the assets and the income of the company are expected to increase exponentially. As Phoenix grows, stock will be issued. With these stock issuances, the company continues to increase its stock value for all concerned, but this also causes dilution. There are many companies that do not grow, they have no dilution, they have no market and they have very few future prospects to drive their stock value. We believe that Phoenix stock is for those investors that are interested in a healthy, growing, dynamic company that has a future and that is not content with stagnation. As a limited example, companies like G.E. own and operate hundreds of companies and they have issued 10.61 billion shares of stock and continue to do so. This entire message is from Paul Alonzo, President and CEO of Phoenix Associates Land Syndicate, and it reflects the view and business plan as developed by the Phoenix Board of Directors.

For more information about Phoenix, go to the Company's website at: http://www.pbls.biz

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

  • For More Information Contact:
    Paul Alonzo
    Phoenix
    (985) 845-4627
    Email Contact

    Mike Mulshine
    Osprey Partners
    (732) 233-3853
    Email Contact