SOURCE: Phoenix Associates Land Syndicate

September 12, 2005 07:00 ET

The President of Phoenix Associates Land Syndicate Updates Shareholders

COVINGTON, LA -- (MARKET WIRE) -- September 12, 2005 -- Phoenix Associates Land Syndicate (OTC: PBLS), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, today issues the following statement from its President:

"I am writing this release with a certain amount of emotion and sadness concerning the areas, the people and the landmarks I have known all of my life and this same statement is made with the full knowledge and belief that the people of New Orleans, the surrounding areas and the Mississippi Gulf Coast will rebound and make all of it greater than it ever was in the last five hundred years of its colorful history. As we fled for our lives to protect our families, our friends and our loved ones, we have been and continue to be made aware, through the news media, of the horror and tragedy caused by Hurricane Katrina. In these videos we witnessed ordinary people become heroes as they saved the less fortunate victims from roof tops, from flooded streets and from every other situation that could be imagined. THANKS TO ALL OF YOU HEROES -- we know who you are -- Superman did not come to the rescue -- YOU DID. I only wish that I could have been young enough and strong enough to have been one of you. You are the military, policemen, fire fighters, political leaders, and volunteers and you are the best of us and we are the rest of us. It will be up to the rest of us to do our small part in bringing our area back -- AND WE WILL. God is watching what we do and we must do it right. The rest of us must not fall short of the standard that was set by our HEROES.

"While these videos rolled around the world showing the worst disaster in American history, an incredible effort to stop the rising flood waters was being orchestrated during which you may remember seeing three-ton bags of sand being dropped into the breached drainage canals at the 17th street canal (this canal separates Orleans Parish and Jefferson Parish) and also at the industrial canal (this canal connects the Mississippi River to Lake Pontchartrain in New Orleans). Guess who supplied much of the sand to the contractors that did the work? You did through your investment in Phoenix and its Mining Division -- Murphy Sand & Gravel. All of this leads me to the intent of this statement -- THANK YOU PHOENIX INVESTORS FOR DOING YOUR PART TO ASSIST IN THIS DISASTER -- JOB WELL DONE. As you watch the past and upcoming videos you will see truckers that have worked for Bayou State Trucking and materials obtained from Murphy Sand & Gravel and contractors that Phoenix worked with, that are carrying out the day-to-day repairs and cleanup. As Phoenix investors your continued support of Phoenix has put us in a position to do our small part in rebuilding this region."

Paul Alonzo, President

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

  • For More Information Contact:
    Ron Blackburn
    Phoenix
    (419) 944-7720

    Mike Mulshine
    Osprey Partners
    (732) 233-3853