SOURCE: Phoenix Associates Land Syndicate

July 13, 2007 06:30 ET

Phoenix to Acquire Offshore Investment Firm

MADISONVILLE, LA--(Marketwire - July 13, 2007) - Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) announced it has entered into a binding purchase agreement with an offshore full service investment and insurance management firm.

The acquisition of this investment firm will allow Phoenix tremendous flexibility and a presence in the international world of online trading, available to non US residents and citizens, and Global investment banking. Private individuals and institutions are allowed the ability to trade a wide variety of investments via an award winning online trading platform. As a client, you interface with the Capital markets through the state-of-the-art multi-product trading system.

The Captive Insurance management expertise of the firm will provide Phoenix access to the growing demand for Captive Insurance companies in the United States. Phoenix itself anticipates significant cost savings in operation its own Captive Insurance Company. Phoenix foresees this acquisition to have a positive impact on its existing and future companies insurance needs and to provide financing vehicles that will enhance the future growth opportunities of Phoenix.

With a seven year operating history the investment firm has established relationships with corresponding banks, trust companies and their financial services divisions on a global basis.

As Phoenix shareholders know, the Company has been rapidly growing in the Aggregate/Construction Division, the aircraft and aircraft related business and the Sam's Group of Companies in oil field services, including: Sam's Oil Country Inspection Services -- related to inspection of wells, (oil & gas); Ideal Energy Directional Drilling Services (IEDDS) -- related to the directional drilling of wells; and CM Ideal Energy Services -- related to the leasing of 'down-hole' drilling equipment.

Paul Alonzo, President and CEO of Phoenix, stated, "The rate of growth of the three sectors of our business mentioned above has exceeded any expectations previously held by Phoenix management, and thus we feel the opportunity to acquire the investment firm could not have come at a better time. This acquisition is an all stock deal that will greatly enhance the net worth and intrinsic value of Phoenix."

Mr. Alonzo added, "Phoenix plans to add other strategic banking and trading assets in the near future allowing our Company to reach out to the world, a world which we believe we have so much to offer."

About Phoenix Associates Land Syndicate

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 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 www.pbls.biz

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