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[QUOTE]Originally posted by Murnak: [QB] Phoenix Associates to Acquire TCB Properties, LLC Wednesday May 3, 11:19 am ET Expands Its Construction Division With the Addition of This Diversified Land Development and Construction Company With Holdings in Condos, Condo-Conversion Projects, Raw Land, and Natural Gas Wells NEW ORLEANS, LA--(MARKET WIRE)--May 3, 2006 -- Phoenix Associates Land Syndicate (Other OTC:PBLS.PK - News) today announced that it has entered into a binding letter of intent to acquire TCP Properties, LLC, a diversified land development and construction company with holdings in raw land, condominiums and condo-conversion projects, and natural gas wells in Texas. [/QB][/QUOTE]
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