PBLS - Phoenix Associate Land Syndicate, Inc. Message Board

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Non-Tech : PBLS - Phoenix Associate Land Syndicate, Inc.

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From: ThinkingBig	4/26/2006 9:44:16 AM
	of 163

Phoenix Associates Completes Stock Repurchase and Announces Continuation of Repurchase Program Wednesday April 26, 9:30 am ET MADISONVILLE, LA--(MARKET WIRE)--Apr 26, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) announced today that it has completed the stock repurchase program announced last November 9th with the buy back of more than 110 million shares of its common stock. The board of directors of Phoenix and its advisors have agreed to continue the stock repurchase program for an unlimited number of shares of Phoenix common stock. The Company believes that at current levels, the stock of Phoenix remains strongly undervalued and does not give any meaningful impact to the strategic acquisitions of compatible companies over the past twenty months.

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