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PBLS news

PBLS news: (InternetWire) Update From the President of Phoenix Associates Land Syndicate


COVINGTON, LA -- (MARKET WIRE) -- 09/08/05 -- Phoenix Associates Land Syndicate
(OTC: PBLS), a holding company with assets in oil, sand & gravel, soil products,
land development, trucking, contract hauling, swimming pool construction
and construction-related industries, today announced, after its skirmish
with Hurricane Katrina, that it has relocated and set up temporary offices
in Galveston, Texas, and business has been UNINTERRUPTED. Repairs are
underway at the mining division which operates under the name of Murphy
Sand and Gravel, and is located in Pearl River, Louisiana. Repairs are
also underway at the Madisonville office. The stay in Texas will be short
and productive and in time a decision will be made to determine if a
permanent address in Texas is required. Aside from our temporary
relocation, Phoenix is working to assist in the rehabilitation efforts that
are underway in the New Orleans and Mississippi Gulf Coast areas.





Stockholders will have more good news in the next few days because Phoenix
lawyers have put the final touches on the agreement to purchase two oil and
gas companies and the seller's attorneys have signed off on the final
agreement. Stay turned.



I again thank each and every one of you for your enthusiastic and
overwhelming support of the Phoenix stock. Thank you, Paul Alonzo.



Forward-looking Statements



This press release contains statements that are "forward-looking" and are
made pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995 and federal securities laws. Generally, the
words "expect," "intend," "estimate," "will," and similar expressions
identify forward-looking statements, by their very nature, forward-looking
statements are subject to known and unknown risks and uncertainties that
may cause our actual results, performance or achievements or that of our
industry, to differ materially from those expressed or implied in any of
our forward-looking statements. Statements in this press release regarding
the Company's business or proposed business which are not historical facts,
are "forward-looking" statements that involve risks and uncertainties such
as estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by their
very nature they involve inherent risks and uncertainties. Actual results
in each case could differ materially from those currently anticipated in
such statements. Investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date they are made.



For More Information Contact:

Ron Blackburn
Phoenix
[phone]

Mike Mulshine
Osprey Partners
[phone]