SOURCE: Phoenix Associates Land Syndicate

October 11, 2006 05:30 ET

Phoenix's Best Jets to Exhibit at NBAA Convention

Best Jets to Exhibit New Best Jets 21st Century Silver Edition Lear 25 at the National Business Aircraft Association Annual Meeting & Convention

MADISONVILLE, LA -- (MARKET WIRE) -- October 11, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that Best Jets, Inc., a wholly owned subsidiary, will be exhibiting its most recently completed 21st Century Learjet 25D "Silver Edition" on static display at the 59th Annual Meeting and Convention of the National Business Aircraft Association (NBAA) in Orlando, Florida on October 17, 18, and 19, 2006.

With exhibitor records already broken several weeks before opening day, the NBAA 59th Annual Meeting & Convention (NBAA2006) promises to be a memorable one. The exhibit floor has completely sold out for the first time in Convention history, with close to 1,150 exhibitors registered and 5,233 10-foot by 10-foot booth spaces sold, an almost 9 percent increase in booth spaces compared to the 2005 show. This year's event also will feature 11 fixed-wing aircraft and four helicopters at the Orange County Convention Center, the most aircraft ever shown on the exhibit floor. The Static Display of Aircraft likewise has sold out, with more than 115 aircraft expected at Orlando Executive Airport. For more information, visit NBAA's official website at www.nbaa.org.

In addition to the aircraft on static display at Orlando Executive Airport, Best Jets will have a second Learjet "Silver Edition" for customer inspection and available for demonstration.

Inside the Convention Center, at Booth 5197, Best Jets will have its Learjet 25 fuselage on display, equipped with three Universal UNS 890-R Vision 1 Synthetic vision displays, the advanced avionics suite offered only on the Best Jets "Platinum Edition" Learjet 20 series aircraft. Best Jets representatives will be available during exhibit hours at the display to answer questions, and at other times by appointment.

Phoenix shareholders are invited to attend the NBAA Convention and to visit the Best Jets exhibit and aircraft displays. We are confident they will come away from their visit quite pleased.

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 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.

Contact Information