SOURCE: Phoenix Associates Land Syndicate

July 13, 2007 11:51 ET

Phoenix to Release Q1 & Q2-2007 Results by Aug 1st and Aug 15th, Respectively

Company Will Be in Full Compliance With Pink Sheets Guidelines to Maintain Its Status as "Current Information" Provider

MADISONVILLE, LA--(Marketwire - July 13, 2007) - Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that the Company intends to update its financial full disclosure documents with Pink Sheets to include Q1-2007 financial results by August 1, 2007, and Q2-2007 financial results by August 15, 2007 so as to be in compliance with requirements to be categorized as a "Current Information" provider under the new Pink Sheets categorization system.

Phoenix has had many recent calls and emails from shareholders asking whether the Company would be making Q1 and Q2-2007 financial disclosures via the Pink Sheets disclosure process by the dates required to maintain its status as a Current Information provider. This release is intended to assure all PBLS shareholders that Phoenix will meet the required disclosure dates.

About Phoenix Associates Land Syndicate

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 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.

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