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Phoenix Associates Land Syndicate
Executive Summary


Phoenix (PBLS) is a pink sheet public holding company with over 2,600 stockholders. Phoenix was founded in the State of Nevada on March 23, 1978. The company was originally incorporated under the name of Ro-Mac-Gold Ltd for the specific purpose of changing the domicile of American Western Resources, Inc., a Delaware corporation, to the State of Nevada. American Western Resources, Inc. was incorporated in Delaware on April 10, 1957. The merger was effective on May 17, 1978 with American Western Resources, Inc. (the Delaware corporation) merging with the surviving Nevada corporation, Ro-Mac-Gold Ltd.

On October 22, 1996, its current President and CEO, Paul Alonzo, along with two of his life long friends, acquired the company. At that time the corporate name was changed to “Phoenix Associates Land Syndicate”. It was the vision of these three men to combine the vast management skills of Mr. Alonzo, who holds an MBA from Loyola University along with the accounting skills and construction knowledge of the other two partners and together, grow a construction based public holding company. The development of Phoenix from that point has been contrary to most corporate growth plans.

Mr. Alonzo and his two partners wanted to build a strong balance sheet with hard assets, which, when in place, would provide the launch pad for future growth. This growth strategy had always been structured to develop through acquisition of construction- related companies that could be vertically integrated.

Phoenix believed the acquired companies would achieve higher profit levels through elimination of duplicated duties previously done at each company, which, could be completed by one corporate staff, upon acquisition. Additionally, by joining a larger group, many other cost cutting items could be implemented, thereby squeezing the maximum profits from each entity.

The first acquisition of the new “Phoenix” was Murphy Sand and Gravel, which was purchased in 1997. Phoenix has invested millions of dollars in the 820-acre site is located in Pearl River, Louisiana, preparing it for implementation of mining that is now going on and expanding rapidly. This site has been tested and evaluated by Soil Testing Engineers, as well as Butler and Associates, and is estimated to have recoverable mineral reserves of over 260 million dollars based on the lowest prices charged by each of the other mining operation in our area for like products. Additionally, our soil products which we remove to reach the gravel are in huge demand in our area and based on seventy five cents per yard, net after cost of removal, are worth another 30 plus million dollars.

This first acquisition is the foundation of “Phoenix”. Phoenix has divided the 820 acres that comprise the Murphy Sand and Gravel operation into 50 or 100-acre parcels which Phoenix contracts independent operators to mine. By doing so, Phoenix has removed all of the unknown operational cost of the mining business and has a guaranteed gross profit per ton of material sold.

Phoenix has, at present, three (3) operators under contract, with one additional gravel and sand mining contract pending. Beyond the contracts mentioned, Phoenix is negotiating with several more large operations that are seeking more than one parcel to mine. Phoenix estimates, upon full operation of the Murphy Sand and Gravel Pit, gross sales should be in the range of ten million dollars per year with net profits of five hundred thousand dollars.

The second acquisition by “Phoenix” was Bayou State Trucking. Bayou State Trucking is a brokerage company that has over 300 trucks in its brokerage fleet. The main products hauled by Bayou State Trucking are sand, gravel and soil products. Bayou State provides the trucking for the mining operators at the Murphy Sand and Gravel operation, plus many other contractors on a job-by-job basis.

The third area Phoenix has entered is the backyard leisure and recreation market.
Phoenix acquired Ann Arbor Pool Builders, Inc., which is a licensed General Contractor in Michigan. This company builds high end in-ground pools and spas. Phoenix believes that development of this type of business and other affiliated businesses will add substantially to overall gross sales and net profit of Phoenix.

Phoenix’s plan of growth for this division is to branch out from the initial acquisition and go south. Phoenix believes we can overlap coverages between our acquisitions as long as they remain within four hours driving time of each other. Phoenix has targeted the following cities for our acquisition efforts: Ann Arbor & Detroit Michigan, Dayton and Cincinnati Ohio, Knoxville and Chattanooga Tennessee, Atlanta Georgia, Gainesville and Pensacola, Florida. Moving west we are targeting Indianapolis, Indiana, Nashville and Memphis Tennessee, Jackson Mississippi and Baton Rouge, Louisiana. By acquiring in the above-mentioned areas, Phoenix will cover thousands of square miles of the Midwest to Southeastern and South Central U.S.

Beyond the initial purchase, Phoenix has completed a Detroit Michigan acquisition by acquiring Great Lakes Pool Plastering. Pool plastering is a service required by all custom pool builders using cement or gunite. This is our first vertically integrated acquisition in the pool division. Phoenix is currently in negotiation in Dayton, Cincinnati and Indianapolis, plus another pool builder in the greater Detroit Michigan area.

Phoenix believes that this particular area of growth could be extremely large. Since 9/11 people have started to seek forms of recreation and vacations that requires less travel. Gasoline prices have added further to this reduction in travel. Phoenix believes that backyard investment will continue to increase for years into the future. Because of this belief, Phoenix intends to develop the pool division rapidly, along with other backyard products that can be piggybacked on top of the initial pool sale.

Phoenix is looking in the areas of hot tubs, either manufactured by Phoenix for our own companies, or imported for resale by our companies, backyard kitchen equipment, sports equipment, and playground equipment with the ultimate goal of providing complete outside design which would be similar to the service offered by an interior designer for the inside of the home. Phoenix believes that this division will have 12-15 related companies within the next 2-year period and will generate in excess of 25 million per year in gross sales.

Phoenix continues to explore many possible areas of future expansion through its acquisition and business development division. This division is constantly looking for new acquisitions for the current operating divisions plus evaluating the constant stream of opportunities offered to Phoenix.

Since Mr. Alonzo and his partners purchased Ro-Mac-Gold Ltd in 1996 and formed the new Phoenix Associates Land Syndicate, the business plan has developed. Many times Phoenix has been tested and each time Phoenix has risen to the occasion. Each acquisition, each test has caused Phoenix to grow, to learn, to become stronger, and more secure in its direction and business plan.

The most recent new development for Phoenix is the creation of an oil and gas exploration division. This division initially will be a joint venture with Mr. Richard Watson, who has twenty-one years of experience in oil and gas exploration, along with many contacts in finance, drilling, exploration and development of new fields.

In conclusion, Phoenix is a holding company with a current net worth of 35+ million dollars, with sales projections of 10 million dollars in fiscal year 2005. We look forward to the continued development of and implementation of our business plan. Phoenix projects gross sales in fiscal year 2006 of approximately 30 million dollars and fiscal year 2007 of approximately 50 million dollars. Phoenix has and will continue to seek out and acquire the proper companies to make the projections previously stated a reality.

Should you have questions regarding Phoenix, please contact Ron Blackburn, Director of Acquisitions and Business Development, [phone] or cell phone [phone].