Phoenix Associates Land Syndicate (fka PBLSQ)

[midas716]

Press Release

FOR IMMEDIATE RELEASE
Phoenix Associates Land Syndicate Press Release

Covington, Louisiana - Phoenix (PBLS) is a pink sheet company with over 2,600 stockholders holding less than 245,000,000 shares, with $300,000,000 in assets and a $35,000,000 in house financial statement. The Phoenix group of companies has no convertible debt and reported $2,000,000 of income in each of the past three years.

Phoenix began as American Western Resources in the State of Delaware in 1957. American Western Resources, Inc., changed its name to Ro-Mac-Gold, Ltd., in 1978 and moved to Nevada. In 1996 Ro-Mac-Gold was purchased and restructured into Phoenix Associates Land Syndicate and remains a Nevada corporation.

Phoenix Associates Land Syndicate is anticipating significant funding late 2005 from First Global Securities located in Pasadena, California and said funds will be used to further expand each of its divisions.

On 2/25/05, Phoenix completed negotiations to settle $3.5 million in debt.</B>
Based on the debt settlement agreement, Phoenix has contractually agreed to begin the process to become fully reporting within fifteen months and has contracted to finish that fully reporting process within twelve months thereafter.
Phoenix stock is grossly under valued because the company has not promoted its stock until the debt settlement agreement was finished.


So i don't have to go search through every PR, does anyone know exactly how this debt was settled. Shares maybe that are being dumped now? TIA

midas