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Phoenix Associates Announces Acquisition of Construction Company and Updates Post-Disaster Initiatives Thursday October 6, 10:03 am ET
COVINGTON, La.--(BUSINESS WIRE)--Oct. 6, 2005--Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) today announced that it has completed the acquisition of 3-D Builders, Inc. in a deal for stock and cash, in an effort to increase its construction division capacity in the wake of Hurricane Katrina and Hurricane Rita.
ADVERTISEMENT Phoenix management anticipates that the acquisition of the residential construction company will add over $2 million in revenue and be accretive to earnings in the current fiscal year alone. These estimates do not include revenue that could be realized from the post-disaster rebuilding effort in which CNN.com, subsidiary of Time Warner (NYSE:TWX - News), has reported that between 140,000 and 160,000 homes need to be leveled and rebuilt in and around New Orleans.
The company has also added additional human resources to pursue work through the U.S. Army Corps of Engineers, the Federal Emergency Management Agency (FEMA) and regional contractors that have been assigned work in the disaster relief.
CEO, Paul Alonzo, commented, "We continue to aggressively scale operations through strategic acquisitions, particularly within our construction division, in order to fulfill the immediate construction related needs within Louisiana and Mississippi. Additionally, we are pursuing all avenues available to deploy as much of our 100,000,000 tons of raw sand, gravel and soil as possible to use in the rebuilding of the disaster stricken areas."
The company is working on and anticipates that it will have additional acquisition and rebuilding-related announcements in the near future.
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds. The Company is experiencing significant organic growth in each of these businesses and is aggressively acquiring synergistic businesses in order to rapidly build capacity.
Safe Harbor
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Raptor Investments, Inc., 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:
Phoenix Associates Land Syndicate, Covington Ron Blackburn, 985-845-4627 phoenixassoc*bellsouth.net or Osprey Partners Mike Mulshine, 732-233-3853 osprey57*optonline.net
-------------------- Procurement: Thats the name of the game.
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I also think this is just the period we're in right now... lots of stocks are down right now! I can't imagine this not moving again.
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quote:Originally posted by Enjoys$: so can this still go up from here
this company has alot of upside im just not sure how long i can wait so many real good trades out there and i cant wait.i just hate not making fast money,....lol
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I just called Mike Mulshine and spoke directly with him. I am not in on this stock is I post, but will be soon. Outstanding shares approx. 449,000,000 as of today. I can only assume that this number is after the acquistion of 3-d builders. He estimated that the available float,(float minus people holding long) was no more than 100,000,000 with a total float of approx. 150,000,000. I wish I would have asked them if they had plans to get off the pinks and onto AMEX or NASDAQ small cap in the future. It is blazingly apparent that this company is hugely undervalued. I have not completed my DD but what I have seen so far is truly great. If the O/S is correct the market cap would be 1,350,000. NOW TELL ME WHAT YOU THINK ABOUT THE COMPANY BEING UNDERVALUED!!!!
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This stock should soar still. It might even take a while though. I mean their quarterly numbers are going to be huge for the next year, so I don't see this one only being a swing play. This company has enough assetts to make this stock WAY undervalued.
-------------------- I just want to make enough money to be eccentric.
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I just spoke with Ron Blackburn. The numbers about O/S and float concur with the previous post. approx.450mill O/S, and approx 150mill float. I also asked if the company had plans to make a move off the pinks. His response was yes they would like to go to AMEX in the summer of next year. He also told me there were some acquistions that were not released.
Doesn't it seem funny how good news can come and the price falls? Do you really believe people are selling on good news? Or do you maybe think MM's are "working the stock". I can not say for sure but what I can say is I have done a lot of homework on this stock the last couple days and spoke with Ron and Mike. I just got off the phone with Ron after a ten minute conversation. Not bad to communciate with 2 important people in less than 24 hours. This looks like the real deal. It appears to me that PBLS is a long term hold. Short term gain may come and go but PBLS is one to hold on to for years to come.
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Flipme you are welcome. This is not a stock I will flip too much. The potential is way too big. Too many acquistions and revenue is huge. Do not get too discouraged with the stock at or around .03 as in a year or two the price could be 1.00 or two or more. This may sound like a stretch, but it is entirely possible if the numbers that they mentioned turn out to be correct. I believe they will be 100%, as a CEO would be sticking their neck out if they were not. I believe the numbers mentioned on SEPT26 will be the same ones reported in the audit because if they are not then the company will be looking at some serious trouble from investors as that PR was released nationally.
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They originally said that they would be fully reporting by mid-late 2006 but that was before the acceleration plan,http://biz.yahoo.com/iw/050808/092524.html The possibility of moving to OTCBB before AMEX is still an option and is obviously still a plus although I know they would prefer to jump straight to AMEX if possible. See listing qualifications for AMEX from AMEX.com.
Standard 1
Shareholders' equity $4 million Pre-tax income $750,000 in last fiscal year or in two of the last three fiscal years Distribution1 800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held, and average daily trading volume of 2,000 shares for previous 6 months Price $3 Market value public float $3 million
Standard 2
Shareholders' equity $4 million History of operations 2 years Distribution1 800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held, and average daily trading volume of 2,000 shares for previous 6 months Price $3 Market value public float $15 million
Standard 3
Shareholders' equity $4 million Total market capitalization $50 million Distribution1 800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held, and average daily trading volume of 2,000 shares for previous 6 months Market value public float $15 million
Standard 4
Total market capitalization $75 million OR Total assets and revenue of $75 million each in the most recent fiscal year or in two of the last three fiscal years Distribution1 800 public shareholders and 500,000 shares publicly held OR 400 public shareholders and 1 million shares publicly held OR 400 public shareholders, 500,000 shares publicly held, and average daily trading volume of 2,000 shares for previous 6 months Price $3 Market value public float $20 million
As you can see standard 3 is there best option as there is no minimum price requirement. At a glance it appears to me that with a stock price of approx. .12 they would meet the minimum market cap based on O/S of 456,000,000. If they don't meet the requirements then I am sure they would go to OTCBB first.
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This one is a no brainer, the last great hike was obviously pure speculation/panic -which was was awsome for alot of us, but given any real solid numbers I think we have a winner here long term.
The active companies that Phoenix is pursuing or considering for development are:
Mid-South Resources, Inc./Rome Oil and Gas Company is a company with oil and gas leases that made Phoenix an offer to sell.
Burke Pool Construction is a possible addition to the swimming pool division.
Brazilian Land The sale of this land for $500,000,000 would generate a commission income of approximately $15,000,000 to the Phoenix coffers on a one time basis. Phoenix has unconditional and exclusive rights to this property but we need to hire a lawyer and an appraiser in Brazil to market the 3,500,000 acres properly.
Cypress Log Home Construction This deal is in final negotiations.
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The active companies that Phoenix is pursuing or considering for development are:
Mid-South Resources, Inc./Rome Oil and Gas Company is a company with oil and gas leases that made Phoenix an offer to sell.
Burke Pool Construction is a possible addition to the swimming pool division.
Brazilian Land The sale of this land for $500,000,000 would generate a commission income of approximately $15,000,000 to the Phoenix coffers on a one time basis. Phoenix has unconditional and exclusive rights to this property but we need to hire a lawyer and an appraiser in Brazil to market the 3,500,000 acres properly.
Cypress Log Home Construction This deal is in final negotiations.
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