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Phoenix Associates Provides Shareholders With an Update on Business Operations COVINGTON, LA -- (MARKET WIRE) -- 09/26/2005 -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, released the following comments from Mr. Paul Alonzo, CEO and President:
Due to recent requests from shareholders and interested investors, I have compiled a short list on Phoenix's current financial status and some of my expectations for the years 2005 and 2006. While we are working towards providing the public with audited financials, the numbers provided today are un-audited. Before I give out any numbers, I would like to say some things about some of our great managers:
Nobody believed it could be accomplished but under the direction of the Operations Manager, Adam Alonzo (Murphy Sand & Gravel), and with the assistance of Operations Manager, John Zornes (Bayou State Trucking), the Murphy Sand and Gravel Pit, located in Pearl River, Louisiana, reopened for business at 6 a.m., Monday, September 19, 2005, under generator power. By 12 noon, C.S.T., CLECO, the power company servicing Murphy, had the entire operation with electrical power. This incredible task was accomplished, after the Murphy operation was devastated during Hurricane Katrina, by Adam Alonzo, along with contractors, timber cutters, electricians truckers and the power company. Yes, he is my son.
1. Phoenix Division, Murphy Sand and Gravel, Manager Adam Alonzo: The gravel pit should generate in excess of $2,310,000.00 in revenues for the year 2005. With what will possibly be the largest construction boom in Louisiana and New Orleans history, the gravel pit revenues for 2006 are sure to increase.
2. Phoenix Division, Oil & Gas, Manager John Barksdale: The acquisition of Rome Oil and Mid-South Resources will add a minimum of $1,368,000.00 in revenues for Phoenix for calendar year 2005, with expectations the two oil companies will generate over $12,000,000.00 in revenue for the company in 2006. Phoenix is able to acquire these two oil and gas companies with stock and a small cash payment. After paying for the acquisition, Phoenix coffers are still healthy enough to finance and bring into production the next ten wells which our research indicates will be the most profitable.
It is my policy that Phoenix need not go into debt to develop these oil and gas properties. Our policy shall be to raise money for future drilling (if need be) on a non-recourse method without putting Phoenix into debt.
3. Mineral Assets: Our gravel pit has proven mineral reserves in the amount of $300,000,000.00 and the addition of Rome Oil and Mid-South Resources brings another $200,000,000.00 worth of mineral reserves to Phoenix's balance sheet. I anticipate Phoenix having over $1,000,000,000.00 worth of mineral reserves by the end of 2006.
4. Phoenix Division, Heaslip Construction - Manager, Mark Dishon: Gross revenues for our construction division could exceed $2,000,000.00 for calendar year 2005. Our research and experience shows the average repair/remodel cost for homes in our area of the country to be around $80,000.00 per house. Unfortunately, there are literally thousands of homes in need of repair due to the hurricanes. I expect record breaking years for Heaslip during what I know will be one of the largest re-building efforts ever taken in the history of our country. If we get just a small piece of the action, revenues for our construction division should really take off during 2006.
5. Phoenix Divisions, Ann Arbor Pools - Manager, Dennis Scherdt and Great Lakes Pool Plastering - Manager, Byron Ross: These two companies should bring in approximately $2,288,000.00 in revenues to Phoenix during the calendar year 2005. Both of these companies also stand to break all sorts of records during the soon to be construction boom of 2005 and 2006.
6. Phoenix Division, Bayou State Trucking - Manager, John Zornes: Our trucking division tries to avoid the costs and hassles of owning trucks and the maintenance and insurance issues that come with ownership. Bayou provided jobs for owner operators and leases equipment from time to time when necessary. Revenues to calendar year 2005 should be around $650,000.00. For all qualified drivers with proper credentials and proof of insurance, Bayou is paying $45 per hour for tandems, $55 per hour for tri-axles and $65 per hour for eighteen wheelers. Again, with the coming construction boom, I expect annual revenues for our trucking division to also increase during 2006.
7. Phoenix Division, Acquisitions and Business Development - Manager, Ron Blackburn, assisted by Patti Fischer and Roger Stone: We are in a constant search for profitable companies to acquire where the acquisition can be accomplished with little or no debt and in which the acquisition brings immediate revenue growth and assets to Phoenix. We are in negotiations at this time with several companies we will try to acquire.
During the year 2004 when Phoenix was a much smaller company than we are today, we grossed a little over $3,000,000.00. While the addition of the conservative estimated numbers I gave above add up to a little over $8,600,000.00 in revenue. I am sure with the rapid growth we are currently experiencing in the last part of 2005, that our gross revenues will wind up exceeding $10,000,000.00 for the year with profit exceeding what our gross revenues where in 2004.
For 2006, since we expect revenues from our oil and gas division to be much more that $12,000,000.00, and because we have other acquisitions in the works in the oil and gas division, and since it is reasonable to assume that all of our construction related divisions should profit greatly from the expected construction boom in 2006, it is reasonable to expect that Phoenix's 2006 revenues could be as much as four to five times greater than our 2005 revenues. I am also happy to report that management has been very successful in control of day to day costs of operations and avoiding unnecessary debt which means profit in 2006 should rise in proportion to revenues quite nicely.
As CEO of Phoenix and on behalf of all of our managers and employees I would like to say that our hearts and prayers are with all of the victims of these two terrible hurricanes that struck our shores and that we as a company are dedicated to doing our best in re-building this great part of our great country.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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we are holding good support at low 4's any day this will break wide open resistance was set at .14 just nine days ago now showing good signs of accumulation we will be making lots of money bmax,
Posts: 629 | From: new england | Registered: Feb 2005
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with all of the talk about the sand and gravel side of their buisness it is easy to over look the rest of their company trucking,construction,and lets not forget about the oil and gas bmax,
Posts: 629 | From: new england | Registered: Feb 2005
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PBLS!!!! REVISED NUMBERS...... ---------------------------------- 2005 Earnings $3.5 million my estimate based on: “profit exceeding what our gross revenues where in 2004. “ Gross 04 Revenue $3 million “grossed a little over $3,000,000.”
$3.5 million / 466 million shares out = $0.0075 earnings per share Apply a growth multiple (can’t argue this company isn’t growing) 20X = $0.15 share price (should be currently, not $0.04) --------------------------------------- For next year, 3 months away… “it is reasonable to expect that Phoenix's 2006 revenues could be as much as four to five times greater than our 2005 revenues.” $10 million X 4 = $40 million of 2006 revenues Assume 35% margins (same as 2005: $3.5M/10M) = $14 million of earnings Assume O/S grows to 600 million from 466 million with the addition of restricted shares for acquisitions (Oil) $14 million / 600 million shares out = $0.0233 earnings per share 20X multiple = $0.47 share price based on 2006!!!!!! ------------------------------------------ It is not uncommon for a company’s share price to reflect the coming year’s projected earnings. I’m waiting for that to happen…
----------AND----------- BACK BY MINERAL RESERVES --
Every single PBLS share will be backed by $1.67 of mineral reserves.
$ 1 billion / 600 million shares outstanding (assuming increased o/s from 466M today with the restricted shares for oil acquisition)
"I anticipate Phoenix having over $1,000,000,000.00 worth of mineral reserves by the end of 2006. " (Today's PR)
And yes I'm talking about the PBLS shares that are currently trading for around 4-5 cents.
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Phoenix Associates Land Syndicate Subsidiary Doubles Well Count in Kentucky Wednesday January 25, 10:00 am ET
COVINGTON, LA--(MARKET WIRE)--Jan 25, 2006 -- Phoenix Associates Land Syndicate (Other OTC:PBLS.PK - News) announced today that the Company's Rome Oil and Gas subsidiary has drilled two new wells on its Rodgers Brothers Lease in Adair County, Kentucky, bringing the total number of wells drilled on the leasehold to four. The Rodgers Brothers Lease is located in South Central Kentucky and is known in the Oil & Gas drilling community as "Flat Wood Field." Executives at the Company noted that additional drilling sites are being surveyed and it is expected that a total of between 8 and 10 wells will be eventually drilled on the lease. Production on these wells is expected to be similar to the production of the existing two wells. According to Petroleum Engineer, A. G. Collins, "These wells could produce as much as 15,000 - 18,000 barrels of oil each over the life of the wells."
Phoenix President & CEO, Paul Alonzo, commented, "I am very pleased with the exceptional strides made by our Kentucky operations to date. We continue to make significant in roads in terms of increased production capacity on lease assets we believe to have low-risk and high production profiles and are continuing our efforts to locate and acquire new lease opportunities consistent with our plan and philosophy of growth-at-a-reasonable-price."
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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