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Phoenix Associates Acquires Noble Jet

MADISONVILLE, LA, Feb 14, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced the acquisition of Noble Jet, Inc., a jet aircraft maintenance facility located on the Fort Lauderdale Executive Airport (FXE).
Phoenix Associates has acquired 80% of the common stock of Noble Jet, Inc. for $2.0 million, paid through a combination of cash payments and a ten year note at 6.00% APR. Mr. Noble Kurth will retain a 20% equity position in Noble Jet and will continue to manage the day to day operation as Chief Operating Officer. Phoenix will assume overall executive control on February 23, 2007.

Paul Alonzo, President and CEO of Phoenix Associates, stated, "We are very excited about the addition of Noble Jet to the Phoenix organization. Coupled with the Best Jets group of companies, Noble Jet will give us an existing book of business in the very active south Florida market, and will provide a service center for new and existing Best Jets clients in the southeastern U.S.A. This strategic location will also provide us a portal to Learjet operators throughout Latin America."

Noble Jet specializes in the Learjet family of aircraft, performing unscheduled repairs, routine maintenance, and major airframe inspections. Several air taxi operators rely on Noble Jet for direct support of their Learjet fleet.

Mr. Alonzo added, "Noble Jet does not presently perform engine repairs or hot section inspections, so teaming with Best Jets will give Noble Jet expanded capability to better serve its customers who operate 20 series Learjets."

In conjunction with the acquisition of Noble Jet, Phoenix announces the hiring of Jeff Hathorn to conduct marketing and sales efforts in the Southeast for the Best Jets family of companies. Mr. Hathorn is an airline transport pilot and has an extensive aviation resume, including flying experience in the military, air cargo, passenger airlines, and corporate jets. Of particular interest to Phoenix Associates, one of his many FAA type ratings is in Learjets. In addition to aviation, Mr. Hathorn has substantial business experience, having owned and managed marinas, yacht sales outlets, and various real estate and marine related businesses.

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 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 www.pbls.biz

Forward-Looking Statements

This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.


Contact:
Mike Mulshine
Osprey Partners
(732) 292-0982
osprey57*optonline.net


http://www.pinksheets.com/quote/news...re&symbol=PBLS

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yesterdays news...

Phoenix Acquires Equity Position in Leisure Direct, Inc.


Phoenix Becomes Schedule 13-D Filer of Leisure Direct, With Holdings of 11.9% of LDTI's Outstanding Shares

MADISONVILLE, LA, Feb 13, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) and Leisure Direct, Inc. (OTCBB: LDTI) announced today that Phoenix has purchased an 11.9% interest in Leisure Direct and will be shortly filing a Schedule 13-D relating to the 1,464,300 shares recently purchased at $0.09 per share.
Leisure Direct, Inc. is an emerging company in the Pool, Spa, and Backyard Recreation Industry. Its Chairman and CEO, John R. Ayling, stated, "We are indeed pleased to have Phoenix Associates as an investor in our company."

Mr. Ayling commented further, "Our goal is to consolidate a fragmented market. We intend to implement a multi-faceted and direct approach to sales and marketing that will enable LDTI to provide consumers with a wide range of products and services for pools, spas, and related patio products in a $12 billion segment of the $30 billion pool and spa industry. With Phoenix as an investor, with its three pool related business units and a strong knowledge of the pool and spa industry, we look to the potential of a growing synergistic relationship between our companies."

Mr. Alonzo, President and CEO of Phoenix, stated, "We have made this investment in Leisure Direct with an eye to the future. We appreciate the size and complexity of the pool and spa industry, and we believe that John Ayling and his team have identified a strong market of opportunity. Through our investment, we look to benefit from the growth of his company."

About Leisure Direct, Inc.

Leisure Direct, Inc., headquartered in Perrysburg, Ohio, is a unique and innovative company in the Pool, Spa, and Backyard Recreation Industry. Founded in December 1999, its mission is to become the premier, highest quality and most nationally recognized manufacturer and direct marketer of pool, spa/hot tub, and patio products in the United States. LDTI intends to implement its strategy by acquiring existing manufacturers of backyard entertainment products and building a direct marketing distribution network. For more information, visit http://www.leisuredirectinc.com

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 www.pbls.biz

Forward-Looking Statements

This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.


For More Information Contact:
John R. Ayling
Leisure Direct, Inc.
(419) 873-1111

Mike Mulshine
Osprey Partners
(732) 292-0982
osprey57*optonline.net


SOURCE: Phoenix Associates Land Syndicate


CONTACT: mailto:osprey57*optonline.net

http://www.pinksheets.com/quote/news...re&symbol=PBLS

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Any idea on the float?

--------------------
-- Newb

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no idea...
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in on the last few PRs & the chart...
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News.....3 for 3!

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B5CE4C548%2DB70B%2D4E03% 2DA338%2D7177C40D4D65%7D&siteid=mktw&dist=nbs&symb=

Phoenix Associates Announces Preferred Stock Participation Program for Shareholders
Shareholders Offered Opportunity to Convert Common Stock Into Voting Preferred Stock, $10 Par Value; For Each 167 Shares Offered for Conversion Shareholder Will Receive One Share of Preferred, Based on Value of $.06 per Common Share; Each Voting Preferred Share Will Have 167 Votes
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Last Update: 6:30 AM ET Feb 15, 2007


MADISONVILLE, LA, Feb 15, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced a voting preferred stock participation program for the benefit of its shareholders.
Phoenix has 250 million authorized preferred shares, $10 par value. The company will be converting 62.5 million of these authorized shares of preferred stock to "voting" preferred stock, $10 par value, so as to have voting preferred shares available for this program. The new voting preferred stock will pay an annual dividend of 6% which will be paid quarterly. Phoenix will redeem the preferred stock within five years from the date of issuance.
For the purpose of converting their common stock into preferred stock, Phoenix shareholders will have a value of $.06 placed on each share of common stock they submit for conversion. Phoenix's common stock is currently selling at or about $.014 per share. Thus, for each 167 shares submitted for conversion, the shareholders will receive one share of $10 par value voting preferred stock. Each voting preferred share will have 167 votes.
In the event 800 million shares of common were tendered to the company under this program, a total of about 4.8 million shares of voting preferred stock would be issued, with a total value of about $48 million. At a 6% annual dividend rate, this would result in the distribution of about $2.88 million in dividends annually, or about $720 thousand per quarter.
Paul Alonzo, President and CEO of Phoenix, said today, "This will give our shareholders the benefit of a substantial increase in value of their shares over the present market price. In addition, shareholders will receive an annual 6% cash dividend (paid quarterly) and the voting preferred shares will be redeemed within five years. The program is scheduled to begin March 2007."
This product is designed to allow shareholders to cash in their common stock profitably and to continue to give the shareholders a vote. The voting preferred stock shareholders will also receive the dividend and if naked shorting exists, this conversion program may eliminate this problem if enough shareholders participate.
Any shareholder that wishes to participate in this common to preferred stock conversion program please:
1. Send your common stock certificate via "Certified - Return Receipt Requested" mail to:
Phoenix Associates Land Syndicate P.O. Box 1358 Covington, LA 70434-1358
2. With your certificate send a letter in your own words, stating that you wish to trade these shares of common stock for the Phoenix voting preferred stock conversion offer at $0.06 per share and that you request your voting preferred stock be sent within thirty (30) days.
3. Sign the back of your certificate as the seller along with your letter.
4. Phoenix will handle the ensuing paperwork and will send your voting preferred stock within thirty (30) days of the receipt of your letter and your signed certificate.
About Phoenix Associates
Phoenix Associates Land Syndicate is a holding company with assets 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.
Forward-Looking Statements
This press release contains statements that are "forward-looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
For More Information Contact: Mike Mulshine Osprey Partners (732) 292-0982 osprey57*optonline.net
SOURCE: Phoenix Associates Land Syndicate

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gapping..
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been holding up at HOD...could get interesting if it keeps creeping up to the .02s!

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tomorrow we see how it does IF it tackles the .02s resistence! Watch out if it does and momo picks up....
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news!

http://biz.yahoo.com/iw/070220/0217409.html

Phoenix Signs $20 Million Sand & Gravel Contract
Tuesday February 20, 5:00 am ET


Contract With Cherokee Environmental Construction, Inc. for Aggregate and Sand From Its Murphy Sand & Gravel Site in Pearl River


MADISONVILLE, LA--(MARKET WIRE)--Feb 20, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today announced a contract signed with Cherokee Environmental Construction, Inc. for up to $20 million in aggregate and sand to be mined at the Murphy Sand & Gravel (MS&G) mine site in Pearl River, LA, and to be delivered to Cherokee in increasing quantities over the next twelve months.


Paul Alonzo, President and CEO of Phoenix, commented, "Back in October we announced that we were moving forward to greatly increase the production capacity of its MS&G mining site. With that expansion underway we are well equipped to handle the increasing volume requirements of our new contract with Cherokee."

Mr. Alonzo continued, "We plan to continue to move a vast amount of new mining equipment to the MS&G mine site over the next few quarters so we will be prepared to meet the growing demand from Cherokee and other potentially larger contractors in the Greater Gulf region for products that come out of our Pearl River mining operation. Based on our latest expectations for MS&G, we anticipate full depletion of the mine to likely occur in five to seven years."

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 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 www.pbls.biz

Forward Looking Statements

This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.


Contact:
Contact:
Mike Mulshine
Osprey Partners
(732) 292-0982
osprey57*optonline.net



--------------------------------------------------------------------------------

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realperson
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Lets party

Pbls is in Win Win mode with a long way to climb

Posts: 1068 | From: Utah and Put-In-Bay Ohio | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
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some pre open volume......could run today....
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Big News
Read the rest on pinksheets

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.

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