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[QUOTE]Originally posted by macdrsirules: [QB] Will, In reply to your post at the top of the page. "Well, it is June 10, and I haven't followed the progress of the lofty goals and promises discussed above. Can anyone fill me in? Has there been clarification of share structure? Has there been a filing of a form 10? Has there been a proven share buy back by the company? Has there been a published independent audit? Is PBLS a fully reorting company now? Has PBLS moved to a higher exchange? I suspect the answers to all these question is No, Not Yet. Well, June isn't over yet, but it is drawing near." My Reply-Share structure is still 997 million authorized, O/S and float are still not known, Your question about the form-10 is redundant as we would know share structure if it was released. Share buyback has been going on and is over 110 million and growing as per PR. Again fully reporting when form-10 is submitted. Again you know we can't move to a higher exchange without the filing of a form-10. So in short, no form-10 yet and buyback has occured and is continuing to occur. http://www.pbls.biz/pr58.htm FOR IMMEDIATE RELEASE Phoenix Associates Completes Stock Repurchase and Announces Continuation of Repurchase Program MADISONVILLE, LA - Apr 26, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC: PBLS) announce today that it has completed the stock repurchase program announced last November 9th with the buy back of more than 110 million shares of its common stock. The Board of Directors of Phoenix and its advisors have agreed to continue the stock repurchase program for an unlimited number of shares of Phoenix Common Stock. The Company believes that at current levels, the stock of Phoenix remains strongly undervalued and does not give any meaningful impact to the strategic acquisitions of compatible companies over the past twenty months. Paul Alonzo, Chief Executive Officer and President of Phoenix, states "We believe that at current prices, our stock is being valued at a fraction of its true or real value. Along with our board, we are in agreement that the recent trading price of our common stock does not adequately reflect the value of our company. Our overall gross revenues have shown substantial growth, now exceeding $250 million, unaudited, as a result of the multiple acquisitions we have made, and we continue to execute on our solid business plan. We intend to continue to add strategic companies to many of our divisions and are extremely pleased with the continued and successful growth of our Oil and Gas business." Phoenix plans to continue its stock repurchase program, and will follow its previous strategy of buying through its brokers and through private purchases of non-restricted and restricted Phoenix common stock. About Phoenix Associates Land Syndicate (Other OTC: PBLS) Phoenix Associates Land Syndicate (Other OTC: PBLS) is a public holding company, with over 5,700 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 [URL=http://www.pbls.biz]www.pbls.biz[/URL] Forward-looking Statements This press release contains statements, which may constiate "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the F'rivate Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Phoenix Associates, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Contact: Osprey Partners Mike Mulshine 732-292-0982 osprey57*optonline.net For anyone wanting the safest way to invest in PBLS then wait until the form-10 is released. You may be chasing but it is definately the safest way to invest. If anyone is thinking of investing in PBLS now then do your homework,(much is easily accesible as many people have done research). Bigger risk but bigger rewards if the company is on the level with us and I believe they are. JMHO [/QB][/QUOTE]
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