old Phoenix Associates Land Syndicate Press Release
context for today's PR dated 01/03/05?
3/29/05
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.
# 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...."
The real question for now is Texas or USC???
I'm leaning toward Texas if someone gives me 7 points....LOL
Waves of Crude Oil & Natural Gas:
AI
