SOURCE: Phoenix Associates Land Syndicate

May 07, 2007 06:30 ET

Phoenix to Be Categorized as a "Current Information" Provider by Pink Sheets

Financial Disclosures Will Enable Shareholders and Potential Investors to Make a Prudent Decision Regarding the Investment Worthiness of Phoenix; Company's SEC Counsel Will See That the Filing Is Completed

MADISONVILLE, LA -- (MARKET WIRE) -- May 7, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that the Company, under the guidance of its SEC counsel, James E. Pratt, is in the process of completing its financial disclosure information for filing with Pink Sheets to insure that its shareholders and the investing public are provided with adequate current information. The Company expects to have this package of full financial disclosure information posted on the Pink Sheets website on or before June 15, 2007.

Pink Sheets has recently significantly expanded the information it requires under the category of "Adequate Current Information" from its listed companies. The goal of Pink Sheets is to provide shareholders and the investing public with a clear and complete understanding of the nature and operations of the Company's business. Including the products, services, assets, properties and facilities it owns and/or utilizes and its prospects for the future. Balance sheets and profit and loss statements are also required.

Mr. Pratt, as SEC counsel to Phoenix, stated, "I will be responsible for seeing that this filing is completed. I am working with Dennis J. Kowalski, Vice President of Operations, on this matter." Mr. Pratt added, "This picture of the present operations and results of the Company as a Pink Sheets listed company, plus its reasonably based prospects for future growth, will provide its shareholders and investors with a comprehensive view of the Company. This will enable a shareholder and/or a potential investor to make a prudent, reasoned decision regarding the investment worthiness of this Company."

Mr. Pratt indicated that he believes the new "Adequate Current Information" requirements will prove to be of great benefit to Phoenix. The filing of the completed data by Phoenix will accurately portray the Company's past growth and its continued and increased growth for the future. Once Phoenix discloses such Adequate Current Information via Pink Sheets, the Company must keep the information current on a quarterly basis.

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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