Phoenix Associates Land Syndicate (fka PBLSQ)

[tdieh03]

Yes. Before Katrina.

http://biz.yahoo.com/iw/050810/092783.html

Updated Buy Back Proposal
Wednesday August 10, 7:00 am ET


COVINGTON, LA--(MARKET WIRE)--Aug 10, 2005 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) is very pleased to announce that in its ongoing efforts to support Phoenix stock and supply the best value for shareholders, President Paul Alonzo has decided to increase the amount offered per share for the unlimited repurchase of PBLS common stock to $0.0041.
Phoenix hereby offers to purchase your shares based on the following:

1. PBLS will pay $.0041 per share for your stock.
2. Send your stock certificate via certified - return receipt requested
mail to:
P.O.Box 1358
Covington, Louisiana 70434-1358
3. With your certificate send a letter, in your own words, stating that
you are selling the stock back to Phoenix for $0.0041 per share and
that you request your payment on same within thirty (30) days.
4. Sign the back of your certificate as the seller along with your
letter.
5. Phoenix will handle the ensuing paperwork and pay you for your stock
within thirty (30) days of the receipt of your letter and your signed
certificate.
Mr. Alonzo also would like to inform all shareholders that Phoenix does not announce any acquisition prior to conclusion of the deal but in this case PBLS will inform shareholders that Phoenix is in different stages of acquisition with:

1. Pool Contractor - Indianapolis, Indiana
2. Pool Contractor - Cincinnati, Ohio
3. Pool, Spa, Leisure Product Retail Supplier - Dayton & Cincinnati,
Ohio
4. Oil Company - Southeastern, U.S.
5. Construction Company (Site preparation) - Southwest, Louisiana
Other acquisitions are being looked at but are not at the level of interest or progression as those previously listed.

For more information about Phoenix, go to the Company's website at: http://www.pbls.biz


td