Phoenix's Best Jets Subject of Herald Democrat News Story
NEW ORLEANS, LA, Sep 28, 2006 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) provides below a reproduction of a September 27th Herald Democrat Online news story about Best Jets, their relationship with Phoenix, and comments regarding ways that growth of Best Jets might impact the local economy.
Best Jets to add a partner - By Joyce Godwin
Herald Democrat
Wednesday, September 27, 2006
Best Jets, one of the fixed base operations at the Grayson County Airport, introduced its new partner to the Grayson County Airport Board Thursday and announced plans for new jobs in the county. Representatives of Phoenix Associates Land Syndicate, Paul Alonzo and Ron Blackburn, were on hand at the board's meeting with Best Jets' Roger Humiston, who explained the merger happened so fast, there was hardly time to tell anyone it was happening. Humiston said Phoenix has been one of Best Jets' customers and during their association, said they were interested in buying into the Best Jets network. Humiston said Phoenix is now an 80 percent partner.
"One thing they've done is put a lot of cash in the development of our business to let us do all the things we started out dreaming about," Humiston told the board. "We've ordered the engine-test cell just in time for a contract for 131 military engines. From Kate's (Kate Woolstenhulme, Humiston's partner and wife) and my standpoint, we are pleased as punch. We are really excited now to have the financial backing to do some really big things over here."
Alonzo and Blackburn both expressed excitement over being in Grayson County. "We are very impressed with Roger's operation," Alonzo said. "In short, we are going try to make their dreams come true and make this something exceptional for this area. We plan to bring in more jobs and we'll be going after other contracts to bring more employment into the area."
Alonzo added, "We have put a lot of companies together around the country. Frankly, this is one of the most exciting ventures I've been involved with."
Blackburn said his position with Phoenix is mostly involved with acquisitions. "Paul runs the company," he said. "My opinion (of the Best Jets network) was, if somebody didn't get this deal, another somebody would because they were at the point where they have a fabulous idea.
"We are into natural gas heavily and buy at the well head to resell," Blackburn said. "Their fuel division immediately caught my eye. We are helping them start to grow to the point we have already made some big boys mad. They know we are coming after them."
The Best Jets network of companies includes a group that helps pilots save money on fuel purchases based on Humiston's own experiences through piloting jets. The company also refurbishes jets, both the interior and the engines; it maintains time-share or partnership jets; and also furnishes charter jets, to name just a few of its services.
Blackburn told the board 25-30 highly skilled jobs will be added to the engine plant in the near future. "We want them to re-manufacture at least 18 aircraft per year," he said. "It will circulate a lot of money through this community. We expect to expand past the Falcon 20 to market bigger planes as well."
In a personal interview following the meeting, Alonzo said his company has an unusual business philosophy. "We only do business with people we like," he said. "Some people may think that is backward, but that's the way we are and it works for us well."
Phoenix Associates Land Syndicate is publicly traded as PBLS. Since 1978, the company has developed assets in aviation, sand and gravel, soil products, land development, oil and natural gas, commodity brokering and more. The company's Web site may be found at www.pbls.biz.
The above Herald Democrat Online news story may be viewed at: heralddemocrat.com
About Phoenix Associates Land Syndicate (PBLS)
Phoenix Associates Land Syndicate (PBLS) is a public holding company, with thousands of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. For more information, visit www.pbls.biz |
