Replies to post #53268 on $Rig's Platinum Penny Alerts

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Phoenix Increases Production at Murphy Sand & Gravel
MS&G Starts 2nd Sand & Gravel Production Operation at the Mine; Deliveries to Cherokee Environmental Start in 2 Weeks; Phoenix Trucking Unit, Bayou State Trucking, Will Be Handling Deliveries to Cherokee
Feb 27, 2007 9:35:00 AM
MADISONVILLE, LA -- (MARKET WIRE) -- 02/27/07 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) announced that it has started up a 2nd gravel and sand production operation at the Murphy Sand & Gravel (MS&G) mine site in Pearl River, LA and is now producing gravel and sand at record levels.

Phoenix, commenting on its recently announced contract with Cherokee Environmental Construction, Inc. for up to $20 million in aggregate and sand to be delivered over the next twelve months, added that this contract is on a "per year" basis, and thus is expected to renew for a number of years.

Paul Alonzo, President and CEO of Phoenix, stated, "Our MS&G mining operations will start deliveries to Cherokee Environmental in about two weeks, and we are pleased to say that our own Bayou State Trucking will be handling the product deliveries to Cherokee Environmental."

About Phoenix Associates Land Syndicate (PINKSHEETS: PBLS)

Phoenix Associates Land Syndicate (PINKSHEETS: PBLS) is a public holding company, with thousands 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.

Contact:
Mike Mulshine
Osprey Partners
[phone]
[e-mail]