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[QUOTE]Originally posted by Persia: [QB] Finally... :) Phoenix to Be Categorized as a "Current Information" Provider by Pink Sheets Monday May 7, 6:30 am ET Financial Disclosures Will Enable Shareholders and Potential Investors to Make a Prudent Decision Regarding the Investment Worthiness of Phoenix; Company's SEC Counsel Will See That the Filing Is Completed MADISONVILLE, LA--(MARKET WIRE)--May 7, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today announced that the Company, under the guidance of its SEC counsel, James E. Pratt, is in the process of completing its financial disclosure information for filing with Pink Sheets to insure that its shareholders and the investing public are provided with adequate current information. The Company expects to have this package of full financial disclosure information posted on the Pink Sheets website on or before June 15, 2007. ADVERTISEMENT Pink Sheets has recently significantly expanded the information it requires under the category of "Adequate Current Information" from its listed companies. The goal of Pink Sheets is to provide shareholders and the investing public with a clear and complete understanding of the nature and operations of the Company's business. Including the products, services, assets, properties and facilities it owns and/or utilizes and its prospects for the future. Balance sheets and profit and loss statements are also required. Mr. Pratt, as SEC counsel to Phoenix, stated, "I will be responsible for seeing that this filing is completed. I am working with Dennis J. Kowalski, Vice President of Operations, on this matter." Mr. Pratt added, "This picture of the present operations and results of the Company as a Pink Sheets listed company, plus its reasonably based prospects for future growth, will provide its shareholders and investors with a comprehensive view of the Company. This will enable a shareholder and/or a potential investor to make a prudent, reasoned decision regarding the investment worthiness of this Company." Mr. Pratt indicated that he believes the new "Adequate Current Information" requirements will prove to be of great benefit to Phoenix. The filing of the completed data by Phoenix will accurately portray the Company's past growth and its continued and increased growth for the future. Once Phoenix discloses such Adequate Current Information via Pink Sheets, the Company must keep the information current on a quarterly basis. About Phoenix Associates Land Syndicate (PBLS) Phoenix Associates Land Syndicate (PBLS) is a public holding company, with thousands of 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 aviation, 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] [/QB][/QUOTE]
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