Phoenix Adding New Production Operation at MS&G Tuesday May 1, 9:30 am ET
New Dredge and Work Site Operation Will Increase Production by 130%; Additional Work Sites to Be Added This Year as Demand Continues to Grow in the Gulf Coast Region
MADISONVILLE, LA--(MARKET WIRE)--May 1, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today announced that its Murphy Sand & Gravel (MS&G) mine at Pearl River, LA is installing a new production operation that is expected to increase its production capability by 130%.
The company indicated that the new production operation with the capacity to produce up to 350 tons per hour of material will be in production in three to four weeks. The following equipment is being added to the MS&G mine site as the new production operation is installed.
Equipment:
-- A Model 1830 Kolberg Washer Plant - 500 tons/hr. - with 44 Inch Twin Screws and a 6 X 20 ft. Triple Deck Screener -- Conveyor - 80 ft. (2 each) -- Radial Conveyor - 60 ft. (3 each) -- Conveyor Fed Hopper - 70 ft. -- Hopper Belt Feeder - 10 yard -- Allis Chalmers - 8 inch Electric Pump to run plant -- Sand Dredge - 8 X 10 inch - to move sand to Classifier -- Dredge - 12 X 12 inch - to feed Plant capable of 350 tons/hr - this dredge is already in the water at MS&G -- Kolberg 7000 Series Sand Classifier/Blending Tank System -- Series 6000 Coarse Material Washer -- Concrete Slab - 20 X 50 ft. - for installation of equipment
ADVERTISEMENT click here Paul Alonzo, President and CEO of Phoenix, stated, "The addition of this new work site at the MS&G mine will allow us to fulfill current contracts and requests for materials that are already booked and to handle additional requirements." Mr. Alonzo added, "We are receiving new orders for materials and requests for quotations for large contracts on a continuing basis, and due to the growing demand we expect to be adding more work sites at MS&G as cash flows will allow."
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.
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The "PBLS Newsreel" Tells Shareholders the Phoenix Associates Story via a Seventeen-Minute Video Presentation
MADISONVILLE, LA--(MARKET WIRE)--May 2, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today announced that it has posted a Corporate Executive Summary Presentation on its PBLS Newsreel web page for all to view. Paul Alonzo, CEO of Phoenix, said, "This professionally produced video presentation will give shareholders and investors a reasonably complete overview of what our company is really all about. We have tried to cover all of our business units, from sand & gravel to our aviation holdings, so that shareholders will gain a more complete understanding of what they have invested in when they added PBLS to their investment portfolio."
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"so that shareholders will gain a more complete understanding of what they have invested in when they added PBLS to their investment portfolio."
Think I'm still trying to figure that one out
Just wish there was something official to prove that I actually own something tangable. At this point your investing in dirt and maybe not the wanted kind.
posted
I've been an on and off holder of PBLS for a long time. I currently own over a million shares. I thought the news reel was a little hokey at first and the misspellings near the end are totally unacceptable. However, it appears an outside vendor prepared and typed up the news reel. Perhaps, PBLS does not operate its website and did not have a chance to review it before it went public. In any event, the content and live movement of actual operations seems to prove that this stock is not your typical pink sheet. Unless they are lying to the public, each passing day gets us closer to audited financials and an increase in PPS. I think some of the companies PBLS owns are not worth much, but the Best Jets and Murphy Sand & Gravel divisions (if they are being truthful) alone make this stock worth holding. I don't mind if this stock continues to stay quiet if PBLS is continuing behind the scenes in taking this in the right direction. If not, then I want a piece of Paul Alonzo.
Of course, I am not affiliated with the company and, like everyone else on these boards, I only know what I am told. In other words, this is like an a-hole - it's my opinion and everybody has one.
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 www.pbls.biz.Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005
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Whether or not this stock turns out to be worth it (and I think it will), this should be enough hype and anticipation to ride this stock up into the previous 3-4 cent range over the next month. Anybody else hold a similar opinion?
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I'm really surprised the PBLS allstocks thread is so dead. Ihub is relatively busy, but I get the feeling the PR has not reached everyone yet for whatever reason. Anyway, great day for us pebblers. We got the PR for which we have been waiting for over a year now. Come June 15th, Alonzo and PBLS will reveal to us the hard numbers that (one would expect) will support the vague claims we have been hearing for so long. Today closed up 18 percent and it's still pretty apparent that the "word" is not out yet on this news. We've been waiting for the share structure and hard financial numbers. Now, according to the PR and the new pinksheet requirements, we are going to get them relatively soon. Just a year ago we were trading between 3 and 4 cents. Now, after the Best Jets and other acquisitions and the increase in Murphy pit production, one would think that the revealed numbers would place the value much higher. I've never run the numbers myself, but we've all seen the estimates provided by our fellow pebblers. At least, that has been the widespread consensus and speculation over the past year. I'm all maxed out financially on this one at over a million shares. I wish I could buy more, but I guess the good news about the five week window is that I will have at least a couple more paychecks before then. Just sharing the good news, but all IMO of course.
I am following the PBLS threads, but I am a relative novice, and have not calculated financials myself. I do remember last year some posters had calculated the pps with the meager financial information available at about 10-25 cents. That was last summer and the Best Jets and other acquisitions had not been finalized. So who knows...I'm just eagerly awaiting June 15th to see some solid financials.
Phoenix to Triple Its Holdings of Gravel Mining Assets Tuesday May 8, 9:35 am ET
Company to Acquire a 1,700 Acre Sand and Gravel Mining Operation in Southwest Mississippi; When Combined With Its Pearl River Mining Assets, Phoenix Will Be Largest Supplier of Aggregate Products in the Louisiana and Mississippi Gulf Coast Region
MADISONVILLE, LA--(MARKET WIRE)--May 8, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today announced it has entered into an agreement to purchase a 1,700 acre gravel pit in Southwest Mississippi. At current market prices the mineral deposits/reserves of this mine are estimated to be in the one billion to one and a half billion dollars area. Phoenix indicated that adding these reserves to the existing reserves at the 820 acre Murphy Sand & Gravel site in Pearl River, Louisiana, the Company believes it will become the largest supplier of aggregate products on the Gulf Coast of Louisiana and Mississippi.
Paul Alonzo, CEO of Phoenix, stated, "Due to the enormous demand for gravel, different types of sands and soil products, it has made it extremely important for Phoenix to grow this division of our company. Current sales projections for our sand and gravel division exceed our current abilities to deliver product."
Mr. Alonzo added, "As announced in an earlier news release, we are immediately adding another production operation at the Pearl River site. This new pit has three production operations plus classifiers for producing different types of sand that we currently do not have at the Pearl River site, but are in the process of adding at the present time."
The Company expects to close this new acquisition within 90 days. Financing is in place and due diligence has started. Upon closing all financial details will be released to our shareholders and the investment community.
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.
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I'm surprised there is any volume. Who would want to sell right now? My original intention was to flip at some point, but it may prove to be too hard given the long term prospects on this one. What two states need sand and gravel more than any other? A good guess would be Louisiana and Mississippi. And PBLS should close soon on a billion dollars of that stuff? This is a pink sheet?!?!? WOW is right. That may all be "IMO", but it's a fact that my pants are getting real tight if you know what I mean.
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Persia must be sleeping :-P MADISONVILLE, LA, May 09, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that it has set August 10, 2007 as the last day shareholders will have the opportunity to take part in the voting preferred stock participation program.
On February 15, 2007 Phoenix announced that it would be converting 62.5 million of its 250 million authorized shares of preferred stock, $10 par value, to "voting" preferred stock, $10 par value, so as to have sufficient 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. As of this date 42,252,225 shares of its common stock have been presented to Phoenix for conversion under this program.
Phoenix shareholders are hereby reminded that they will have a value of $.06 placed on each share of common stock they submit for conversion by August 10, 2007. 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. Holders of the voting preferred stock will receive an annual 6% cash dividend (paid quarterly) and the voting preferred shares will be redeemed within five years.
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.
Posts: 1097 | Registered: Jun 2005
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So what is the consensus, is this buy out program a good thing or not?? I am confused...
Posts: 33 | From: NJ | Registered: Apr 2005
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hard unless a secodary market opens up for them.
If you ake the preffered deal you will likely have to wait the five years to get your payout....which is a darn good deal from this price point.
Posts: 1443 | Registered: Apr 2006
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Just clicked on page 1 of this thread and started rereading the first couple of pages, funny how we have not progressed very far with tihs stock, still trading at the same levels and price point. I do not understand why, with all the recent prs, the video, that this stock is not steadily going up. Is it the mm's, basic distrust of the company because they have not offically filed, a combination of these, what is it???
Long and strong
Posts: 33 | From: NJ | Registered: Apr 2005
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I think it's a combination. To many failed promises about financials and manipulation. I do honestly believe PBLS has a naked short position...I mean why not? Here is a company that promises to give audited nubmers for years and fails to do so.
The thing is we ALL know pbls is real. I've talked to several of the people running the companies we've aquired. I know people who have visited various locations. So what's the problem? Your guess is as good as mine.
I believe that PBLS will one day go big...reallly really big. Even if they had issued all 1.75B shares they would still be undervalued when you consider all the businesses they own or are a part of. so right now I'm sure Paul and Ron are lining their own pockets off shareholder backs. But when they want the real payday the will have to file those numbers and move this company to a real exchange.
The basic question is this. Who can wait longer, shareholders or them. They want our shares and we want numbers. I'd say if they drop the ball on the June 15th time frame there is going to be a back lash large enough to involve the SEC.
BTW I'm one of the biggest supporters of this stock and I have a lot of hard earned money invested here...about 5M shares worth. So I'm ready to see the cards just like everyone else.
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This is typically not a stock for flippers given that it appears to be a "real" company. I do hope the flippers stay away over the next three weeks. The last thing we want is for those types to play with what I expect will be some serious natural movement up over the next thirty days. We're already up about 25% over the past week. Once financials are released, I have a hard time believing we'll retreat back to these levels ever again. Just my opinion of course.
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that the "word" is not out yet on this news. We've been waiting for the share structure and hard financial numbers. Now, according to the PR and the new pinksheet requirements, we are going to get them relatively soon. Just a year ago we were trading between 3 and 4 cents. Now, after the Best Jets and other acquisitions and the increase in Murphy pit production, one would think that the revealed numbers would place the value much higher. I've never run the numbers myself, but we've all seen the estimates provided by our fellow pebblers. At least, that has been the widespread consensus and speculation over the past year. I'm all maxed out financially on this one at over a million shares. I wish I could buy more, but I guess the good news about the five week window is that I will have at least a couple more paychecks before then. ![[Big Grin]](biggrin.gif)
Just sharing the good news, but all IMO of course.
