COVINGTON, LA--(MARKET WIRE)--Feb 7, 2006 -- Phoenix Associates Land Syndicate (Other OTC:PBLS.PK - News) Paul Alonzo, President & CEO of Phoenix Associates Land Syndicate, is pleased to finally be in a position to give good news to our shareholders regarding our ongoing efforts to help in the reconstruction of the New Orleans area and Mississippi Gulf Coast.
As all of our shareholders know, there was much premature speculation immediately after Katrina, as to how fast rebuilding would begin. If you follow the news, you should be aware that our local, state and federal governments move slowly. Additionally, everyone involved with the government agencies was totally unprepared for a disaster of this magnitude -- the largest in United States' history.
Phoenix has been moving forward in preparing for our role in the reconstruction by clearing additional land, and building roads, and enlarging staging facilities at our Pearl River mining site. This was done to make additional product available, which Phoenix anticipated would be required to supply the demand for reconstruction. These new sales are starting to come to us now.
Below is a quote from a letter to Phoenix President Paul Alonzo from United Soils, Inc., located in Ray, Michigan.
"Dear Paul Alonzo,
United Soils is pleased to announce the opening of a new division in the Louisiana and Mississippi areas to help in the reconstruction after the Katrina disaster.
United Soils has provided 3-4 million dollars worth of heavy equipment to help in this reconstruction process. We also have an abundance of earth materials at the Phoenix pit near Slidell, Louisiana. These include clay, sand, gravel and topsoil. We also own our fleet of trucks to provide the hauling of these materials to the places hit the hardest by the disaster.
For more information on the services we can provide for you please call (586) 752-7008.
Sincerely,
Ron Omilian United Soils, Inc."
Phoenix, through its wholly owned subsidiary, Murphy Sand and Gravel, has had its sand, gravel and overburden (clay and topsoil) re-evaluated by Soil Testing Engineers, as to the amount of each located at the Pearl River site. Murphy products were also tested by Delta Testing and Inspection for various regional contractors that are working with the Corps of Engineers.
Additionally, we are on a fast track with the Corps of Engineers for approval for our materials to be used in the rebuilding process for the levees around New Orleans.
United Soils has located their equipment at Murphy's Sand and Gravel under a working agreement with Phoenix. Sales at the Murphy site are growing dramatically as we publish this release. Other contractors similar to United Soils are also in discussions with our company to locate on up to five additional sites on the Murphy Sand and Gravel property. As other agreements are entered, Phoenix will advise our valued shareholders.
We, here at Phoenix, are pleased that we can finally give the news that has been long in coming, but in keeping with the Phoenix philosophy of not releasing speculation, it could only be done once things were signed, sealed and delivered.
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets included oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land development leaseholds. The Company is experiencing significant organic growth in each of these businesses and is aggressively acquiring synergistic businesses in order to rapidly build capacity. |
