Phoenix Associates Land Syndicate (fka PBLSQ)

[pnew122]

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http://www.pbls.biz/pressrelease_content.asp?prid=22

FOR IMMEDIATE RELEASE
PHOENIX CEO, PAUL ALONZO, RELEASES MESSAGE TO SHAREHOLDERS

COVINGTON, LA - July 1, 2005 - Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) released the following message to its shareholders from the Company's President & CEO, Paul Alonzo.

TO ALL PBLS INVESTORS:

Several investors called the office after our last news release expressing concerns about the use of stock when purchasing existing companies. RESTRICTED AND/OR PREFERRED are the words I left out of the release. In almost all cases we use five year restricted and/or preferred stock to purchase other companies. Each deal has certain unique aspects but they are usually structured with RESTRICTED AND/OR PREFERRED STOCK with certain triggers wherein a seller can exercise various contract options. It is also appropriate to say that any purchase by Phoenix would be expected to be accretive within the first year of purchase, which is certainly in the best interest of our current shareholders. I hope this further clarifies the use of stock in Phoenix purchases.

The management at Phoenix extends our best wishes for a great 4th of July celebration to reaffirm our pride in the signing of the Declaration of Independence.


Investor Information: