Phoenix to Expand Its Headquarters Office Facilities
COVINGTON, LA, Oct 26, 2005 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (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, announced today that it is expanding its corporate office facilities, and has entered into an agreement to acquire a property in nearby Madisonville, Louisiana.
Paul Alonzo stated, "Thanks to the growth of Phoenix's business operations, we find it necessary to expand our headquarters office facilities. We have reached an agreement to purchase a property at 504 Water Street in Madisonville, Louisiana. The closing on this new facility is expected to take place on or before November 23, 2005. This property is locally known as Coquille Cottage and is located on the Tchefuncte River. I ask that our shareholders and interested investors to please feel free to visit us at our new office any time after December 15th, 2005. This office is planned to serve as part of the Phoenix corporate office structure for many years to come."
For more information about Phoenix, go to the Company's website at: pbls.biz
Contact:
Mike Mulshine
Osprey Partners
(732) 292-0982
Contact via marketwire.com
SOURCE: Phoenix Associates Land Syndicate
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