SOURCE: Phoenix Associates Land Syndicate

February 27, 2007 09:35 ET

Phoenix Increases Production at Murphy Sand & Gravel

MS&G Starts 2nd Sand & Gravel Production Operation at the Mine; Deliveries to Cherokee Environmental Start in 2 Weeks; Phoenix Trucking Unit, Bayou State Trucking, Will Be Handling Deliveries to Cherokee

MADISONVILLE, LA -- (MARKET WIRE) -- February 27, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) announced that it has started up a 2nd gravel and sand production operation at the Murphy Sand & Gravel (MS&G) mine site in Pearl River, LA and is now producing gravel and sand at record levels.

Phoenix, commenting on its recently announced contract with Cherokee Environmental Construction, Inc. for up to $20 million in aggregate and sand to be delivered over the next twelve months, added that this contract is on a "per year" basis, and thus is expected to renew for a number of years.

Paul Alonzo, President and CEO of Phoenix, stated, "Our MS&G mining operations will start deliveries to Cherokee Environmental in about two weeks, and we are pleased to say that our own Bayou State Trucking will be handling the product deliveries to Cherokee Environmental."

About Phoenix Associates Land Syndicate (PINKSHEETS: PBLS)

Phoenix Associates Land Syndicate (PINKSHEETS: 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 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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