(COMTEX) B: Phoenix Announces Order for 2.5 Million Cubic Yards of Materia
( Market Wire )
B: Phoenix Announces Order for 2.5 Million Cubic Yards of Material ( Market Wire
)
NEW ORLEANS, LA, Jul 20, 2006 (MARKET WIRE via COMTEX) --
Phoenix Associates Land Syndicate (PINKSHEETS: PBLS), a holding
company with assets and/or interests in sand & gravel, soil products,
land development, oil and natural gas, commodity brokering, plumbing,
trucking, contract hauling, construction, swimming pool construction
and construction related industries, announced today it has received
an order for 2.5 million cubic yards of material from its Murphy Sand
& Gravel (MS&G) mining site in Pearl River, LA.
The Company indicated that this order was placed through United
Soils, Inc. of Ray, Michigan, and will be processed through MS&G
under a new Phoenix trade name United Soils of Louisiana, and will be
filled in 35 - 45,000 cubic yard releases that will go to the US Army
Corps of Engineers via second tier contractors.
Paul Alonzo, President and CEO of Phoenix Associates, said, "This is
by far the largest single order for product ever received at the MS&G
site. We at Phoenix look forward to working with our friends and
associates at United Soils, especially Ron Omilian, their President."
Ronald C. Omilian, President of United Soils, Inc., stated, "This is
just the first of many orders to come over the next several months and
years. Our market in the Greater New Orleans and Gulf Coast region is
enormous."
Mr. Alonzo commented further, "We find it very interesting that after
Hurricane Katrina our shareholders envisioned huge growth of our
Murphy Sand & Gravel operations, they just didn't realize that they
were nearly a year early in their speculation."
About Phoenix Associates Land Syndicate (PBLS)
Phoenix Associates Land Syndicate (PBLS) is a public holding company,
with hundreds of stockholders, that has purchased motivated companies
in order to enhance its assets and income basis. Since 1978, PBLS
has developed assets and/or interests in sand & gravel, soil
products, land development, oil and natural gas, commodity brokering,
plumbing, trucking, contract hauling, construction, swimming pool
construction and construction related industries. For more
information, visit www.pbls.biz.
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.
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