Phoenix Associate Land Syndicate, Inc. is a holding company with assets in sand & gravel, soil products, land development, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries.
Should you have questions regarding Phoenix, please contact Ron Blackburn, Director of Acquisitions and Business Development, (985) 845-0773 or cell phone (419) 944-7720.
*Approx $35M in assets (not including the 300M in reserves)
*Book value Approx .10 share
*10M in revenue this year with the potential of 30M after pending acquisitions.
~Growth Strategy
The Company's near term objective is to maximize growth and profitability for its mining operations. The company's mid and long term objectives are to grow through mining contracts with regional miners. The Company has targeted and is currently evaluating several business opportunities. The Company believes that it has assembled an experienced management team and established sound business relationships capable of taking it through its next stage of growth.
The company is planning on using preferred shares to acquire companies with a 5 year restriction before they can be converted to common shares.
On 2/25/05, Phoenix completed negotiations to settle $3.5 million in debt.
Phoenix stock is grossly under valued because the company has not promoted its stock until the debt settlement agreement was finished.
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.
Chairman of the Board of Directors, Paul Alonzo, states "We are experiencing growth in all areas of our business with the potential for an increase of millions of dollars in revenue per year. 2005-2006 will be a great period for Phoenix stockholders and supporters. We want to thank our stockholders, customers and suppliers for their support and we look forward to continually improving our informational releases and adding stockholders value to our company".
~ Recent Press Releases...
*Phoenix Announces Plans to Become a Fully Reporting Company Thursday June 16, 7:00 am ET
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