SOURCE: Phoenix Associates Land Syndicate

April 18, 2007 07:30 ET

Phoenix Updates on Progress of Murphy Sand & Gravel

MS&G Shipping to More Than Twenty Five Locations From Its Pearl River Mining Site; Sales Are Currently Limited Only by MS&G's Ability to Produce

MADISONVILLE, LA -- (MARKET WIRE) -- April 18, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today updates shareholders on the progress at Murphy Sand & Gravel (MS&G), a division of Phoenix in Pearl River, LA.

Phoenix reported that MS&G is currently shipping to more than twenty five locations all over the Gulf Coast States of Mississippi and Louisiana. Most of the locations are ready mix concrete companies owned by Lafarge Concrete in Louisiana and Coast Concrete in Gulfport, Mississippi.

MS&G has had a wonderful relationship with many of the most reputable concrete and asphalt companies on the Gulf Coast.

Phoenix indicated that new production plants are currently being prepared for shipment to the Pearl River mining site in order to meet the great demand for product. MS&G has already cleared and prepared mining areas for these new plants and production is expected to double and triple over the next few weeks.

Johnny Zornes, Assistant to the President of Phoenix, said, "We, as well as our customers, are excited about the direction our company is headed. These new updates should also excite our shareholders."

Mr. Zornes added, "We are currently loading about one hundred trucks per day, levels unheard of at the MS&G mine site, and based on the number of inquiries regarding purchase of MS&G products, we anticipate the doubling of order volume over the next 30 to 45 days. Demand is so high for our products in the Gulf Coast region that we believe sales are currently limited only by our ability to produce product. We are adding equipment weekly to increase our production number."

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 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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