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[QUOTE]Originally posted by keithsan: [QB] NICE: Phoenix Signs Multi-Year Mining Contract Tuesday June 21, 7:00 am ET COVINGTON, LA--(MARKET WIRE)--Jun 21, 2005 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) is very pleased to announce that Mike Ellinger, the owner of Mike's Enterprises, has signed a multi-year contract through the year 2023 with Phoenix and will be working on the mine site at the Murphy Sand and Gravel operation located in Pearl River, Louisiana. Mr. Ellinger and his company are working to enhance the extraction of soil, gravel, sand and other products at Murphy's, which is the cornerstone of the Company's Mining Division. CEO, Paul Alonzo, having a long working relationship with Mr. Ellinger prior to this new eighteen-year contract, states that, "Mike's new contract and the addition of his mining equipment to the Murphy operation will greatly benefit the efforts and will increase the ongoing revenues of Phoenix by an estimated $4,500,000 per year and an estimated $600,000 in net profit per year." Investor Information: [/QB][/QUOTE]
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