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[QUOTE]Originally posted by realperson: [QB] Phoenix Rescinds Stock Buy Back Program PrintE-mailDisable live quotesRSSDigg itDel.icio.usLast Update: 1:56 PM ET Aug 11, 2006 NEW ORLEANS, LA, Aug 11, 2006 (MARKET WIRE via COMTEX) -- August 11, 2006 - Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that effective August 15, 2006 it is rescinding a stock buy back program that was announced on June 19, 2006, a stock repurchase program under which the Company had offered to repurchase up to one hundred million shares of its common stock at a price of $0.03 per share. The Company indicated that it will honor the buy back of shares at $0.03 per share that are sent to the Company in certificate form via "Certified - Return Receipt Requested" mail that is "Post Marked" on or before August 15, 2006, as per the detailed instruction contained in the Phoenix news release of June 19th. Any certificates that might be received by the Company that are post marked after August 15, 2006 will be returned to the sender. The Company further indicated that it is now in the process of an open market buy back of its common stock, up to one hundred million shares when combined with the shares that may be repurchased under the above program that is being rescinded. Forward-Looking Statements [/QB][/QUOTE]
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