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Non-Tech : PBLS - Phoenix Associate Land Syndicate, Inc.
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From: jmhollen7/11/2005 12:23:10 AM
   of 163
 
Phoenix CEO, Paul Alonzo, Releases Message to Shareholders

COVINGTON, LA, Jul 01, 2005 (MARKET WIRE via COMTEX) -- Phoenix Associates Land
Syndicate (Phoenix) (OTC: PBLS) released the following message to its shareholders
from the Company's President & CEO, Paul Alonzo.

TO ALL PBLS INVESTORS:

Several investors called the office after our last news release expressing
concerns about the use of stock when purchasing existing companies. RESTRICTED
AND/OR PREFERRED are the words I left out of the release. In almost all cases we
use five year restricted and/or preferred stock to purchase other companies.
Each deal has certain unique aspects but they are usually structured with
RESTRICTED AND/OR PREFERRED STOCK with certain triggers wherein a seller can
exercise various contract options. It is also appropriate to say that any
purchase by Phoenix would be expected to be accretive within the first year of
purchase, which is certainly in the best interest of our current shareholders. I
hope this further clarifies the use of stock in Phoenix purchases.

The management at Phoenix extends our best wishes for a great 4th of July
celebration to reaffirm our pride in the signing of the Declaration of
Independence.

For more information about Phoenix, go to the Company's website at:
pbls.biz

For More Information Contact:
Ron Blackburn
Phoenix
(985) 845-4627
Mike Mulshine
Osprey Partners
(732) 233-3853
.
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