Billions of dollars to be let for reconstruction. Phoenix in the right place and the right time.
I am buying any dip Monday. I think I sold out too soon.
Press Release Source: Phoenix Associates Land Syndicate
Update From the President of Phoenix Associates Land Syndicate
Thursday September 8, 7:00 am ET
COVINGTON, LA--(MARKET WIRE)--Sep 8, 2005 -- Phoenix Associates Land Syndicate (Other OTC:PBLS.PK - News), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction-related industries, today announced, after its skirmish with Hurricane Katrina, that it has relocated and set up temporary offices in Galveston, Texas, and business has been UNINTERRUPTED. Repairs are underway at the mining division which operates under the name of Murphy Sand and Gravel, and is located in Pearl River, Louisiana. Repairs are also underway at the Madisonville office. The stay in Texas will be short and productive and in time a decision will be made to determine if a permanent address in Texas is required. Aside from our temporary relocation, Phoenix is working to assist in the rehabilitation efforts that are underway in the New Orleans and Mississippi Gulf Coast areas.
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Stockholders will have more good news in the next few days because Phoenix lawyers have put the final touches on the agreement to purchase two oil and gas companies and the seller's attorneys have signed off on the final agreement. Stay turned.
I again thank each and every one of you for your enthusiastic and overwhelming support of the Phoenix stock. Thank you, Paul Alonzo.
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 |
