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	8/11/2006 2:16:21 PM
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Phoenix Rescinds Stock Buy Back Program Friday August 11, 1:55 pm ET NEW ORLEANS, LA--(MARKET WIRE)--Aug 11, 2006 -- August 11, 2006 - Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today announced that effective August 15, 2006 it is rescinding a stock buy back program that was announced on June 19, 2006, a stock repurchase program under which the Company had offered to repurchase up to one hundred million shares of its common stock at a price of $0.03 per share............................................. The Company further indicated that it is now in the process of an open market buy back of its common stock, up to one hundred million shares when combined with the shares that may be repurchased under the above program that is being rescinded.

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