Phoenix Associates Land Syndicate (fka PBLSQ)

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Things have changed in 3 short years.
April 23, 2003

Phoenix Associate Land Syndicate Inc: Phoenix Tax Filings


Covington, Louisiana - Phoenix Associates Land Syndicate (Phoenix) (Pink Sheets PBLS) headquartered in Covington, Louisiana, announced today that it has filed tax returns for the year ending 2002 in the amount of $2,155,564 in total sales with a profit of $480,671.

This release includes forward looking statements made pursuant to the safe harbor provision on the Private Securities Litigation Reform Act of 1995. Any such forward looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed with the forward looking statement. Factors that could cause or contribute to such differences include those matters disclosed in the companies Security and Exchange Commission Filings.