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I would have to say it could touch a penny tomorrow, or monday....
Pink sheets . c o m has two new documents up, so they are attempting to become current...now we will prolly wait til august 1stor 8th for the first quarter financials, than a week or so than for the 2nd quarter, than the acquisition PRs...
This is just a guess, but logical according to how PA has been running the show, wait til the last minute for everything!!
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MADISONVILLE, LA, Jul 06, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that Southern Concrete Crushing LLC has been acquired and will become part of the Phoenix growing aggregate and mining division. Phoenix will convert Southern Concrete Crushing, LLC to a Nevada Corporation immediately. Paul Alonzo, President and CEO of Phoenix, stated, "This acquisition will allow Phoenix to move into the huge demolition market along the Gulf Coast. Phoenix will now have its own concrete crushing facility for reprocessing and recycling demolished concrete from roads, bridges, etc." Mr. Alonzo added, "Additionally, Phoenix will have mobile crushing and screening capabilities. With this acquisition our company now holds one of the largest stock piles of material of this type available along the Gulf Coast (5 1/2 million tons), with estimated resale value of this material between $10-$21 per ton depending on which products is supplied."
The following items are made from this crushing operation:
1. Road Base 2. Riprap 3. 57 Material 4. 304 Material 5. Fines and other smaller aggregate products 6. Scrap Metal
The demolition division of Southern Concrete has over 85 years of experience in the business and 5 generations of mining experience. As a result of this acquisition, Phoenix now has contracts in Florida and California to reprocess soil separation and recycle various C and D landfill materials to make them environmentally friendly. These are 5 year contracts and involve 246 million yards of material. The demolition division is currently bidding on other contracts that will make this a global operation.
While some information is by contract not available at this time, the company will be making more information available regarding the acquisition as it is able to do so.
Mr. Alonzo commented further, "We sincerely hope our shareholders realize the scope of the aggregates, mining and demolitions operations that Phoenix has put together in the Gulf Coast Region; a region that 2 years ago suffered the worst natural disaster in recorded US history. Phoenix has been focusing on putting this and other projects together to do its part in assisting Louisiana and Mississippi to rebuild after Hurricane Katrina. We will be continuing to research to properly invest in equipment and assets in our effort to assist in the repopulation of the Greater Gulf area."
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I'm going to sit for a bit on my shares to see where this goes. This was one of those stocks I kept on my radar just to glance at for a couple years, so I feel safe sitting here for the day especially after that sell off and having an idea of how this one moves.
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Held my shares into the weekend. Not the best idea because we could get bad news about something, or good. Either way this one had a nice close and I'm interested to see what next week brings because the charts have a nice uptrend base forming.
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I'm still in, today's close looked good, seems like something up for early next week, especially with the late day trading. We shall see. all imo.
MADISONVILLE, LA--(MARKET WIRE)--Jul 10, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today announced the acquisition of Superior Avionics, Inc. of Ft. Lauderdale, Florida.
Established at the Fort Lauderdale Executive Airport (FXE) in 1990, Superior Avionics is an FAA Certified Repair Station specializing in the sales, service and installation of avionics equipment in corporate jet aircraft. Superior Avionics maintains current dealerships for all major avionics manufacturers' including Honeywell, Rockwell Collins, Universal, L-3 Communications and Garmin. Superior's employees, averaging over 20 years of experience, have earned the company an outstanding reputation for providing the highest quality avionics services at a competitive price.
Paul Alonzo, President and CEO of Phoenix, stated, "We are very pleased to welcome Tim Hankins, President of Superior Avionics, and all of his employees to the Phoenix Group of Companies. Superior is our second acquisition of an aircraft-related business in the Ft. Lauderdale area."
Mr. Alonzo added, "Superior will provide avionic services for all current and future aircraft owned by the Best Jets Group of Companies. We believe that having our own avionics shop will greatly enhance the pricing and profitability on our 21st Century Best Jets Silver, Gold and Platinum Edition Lear 25 Jets."
Superior Avionics was projecting $2 million in revenues for year end 2007, prior to the addition of the vast amount of work to be supplied by the Best Jets Group of Companies. Profit margins are expected to be above 15%. Phoenix acquired Superior for $1.5 million in an all-cash transaction.
About Phoenix Associates Land Syndicate
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
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Phoenix Acquires Jet Aviation Services, Inc.
MADISONVILLE, LA, Jul 11, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced the acquisition of Jet Aviation Services, Inc. (J.A.S.), another addition to the rapidly expanding Phoenix Aviation Group. Paul Alonzo, President and CEO of Phoenix, commented, "J.A.S. is a small but strongly profitable company located at Bob Hope Airport in Burbank, California. J.A.S. carries an unlimited airframe license which is extremely difficult to get in the best of times and currently has back logs of years to get such a certificate."
In addition to the unique services offered by J.A.S., it is also strategically located so as to maximize the coverage Phoenix can give to its aircraft customers. We now can provide service to our jet aircraft customers on the East and South Coasts, Middle America (Denison Texas and Dallas Love Field in Texas) and now West Coast with J.A.S.
Just as an interesting side note, J.A.S. is located in Hangar #2 on the Bob Hope Airport in Burbank, California. This Hangar was the home to the Lockheed Electra flown by Amelia Earhart. Our acquisition comes complete with a picture of Amelia by her Lockheed Electra in Hangar #2 that now hangs in our office in Burbank.
Mr. Alonzo commented further, "We acquired 80% ownership of J.A.S. in a cash transaction, and we are very pleased to announce that the current operating partner, Dave Heredia, has agreed to stay with Phoenix in the position of President and Chief Operating Officer of J.A.S., Inc."
J.A.S. was projecting revenues for 2007 of about $1.5 million prior to the acquisition by Phoenix, with profit margins in the 15%-25% range. Further details will be released when approved by seller.
Phoenix wishes to welcome Dave Heredia and his staff to the ever growing Phoenix Aviation Group and all other Phoenix Companies.
About Phoenix Associates Land Syndicate
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 s
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What happened in the past couple of weeks?? What was that run up to 0.035 all about? Now it's back to 0.015 ish....new bottom forming? MM's waiting for more suckers to get involved with their manipulations?
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Phoenix to Acquire Offshore Investment Firm
MADISONVILLE, LA, Jul 13, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) announced it has entered into a binding purchase agreement with an offshore full service investment and insurance management firm. The acquisition of this investment firm will allow Phoenix tremendous flexibility and a presence in the international world of online trading, available to non US residents and citizens, and Global investment banking. Private individuals and institutions are allowed the ability to trade a wide variety of investments via an award winning online trading platform. As a client, you interface with the Capital markets through the state-of-the-art multi-product trading system.
The Captive Insurance management expertise of the firm will provide Phoenix access to the growing demand for Captive Insurance companies in the United States. Phoenix itself anticipates significant cost savings in operation its own Captive Insurance Company. Phoenix foresees this acquisition to have a positive impact on its existing and future companies insurance needs and to provide financing vehicles that will enhance the future growth opportunities of Phoenix.
With a seven year operating history the investment firm has established relationships with corresponding banks, trust companies and their financial services divisions on a global basis.
As Phoenix shareholders know, the Company has been rapidly growing in the Aggregate/Construction Division, the aircraft and aircraft related business and the Sam's Group of Companies in oil field services, including: Sam's Oil Country Inspection Services -- related to inspection of wells, (oil & gas); Ideal Energy Directional Drilling Services (IEDDS) -- related to the directional drilling of wells; and CM Ideal Energy Services -- related to the leasing of 'down-hole' drilling equipment.
Paul Alonzo, President and CEO of Phoenix, stated, "The rate of growth of the three sectors of our business mentioned above has exceeded any expectations previously held by Phoenix management, and thus we feel the opportunity to acquire the investment firm could not have come at a better time. This acquisition is an all stock deal that will greatly enhance the net worth and intrinsic value of Phoenix."
Mr. Alonzo added, "Phoenix plans to add other strategic banking and trading assets in the near future allowing our Company to reach out to the world, a world which we believe we have so much to offer."
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate (PINKSHEETS: 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
posted
Yeah I don't see why its not moving...mind boggling...I have flipped this a few times, and hold a good amount at .0135 so we will see where this goes..
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Reported Q1-2007 Revenues of $48 Million & Pretax Income of $2 Million; Looks Forward to Solid and Consistent Growth From Operations for 2007, With Immediate Contributions From All Recent Acquisitions MADISONVILLE, LA, Jul 25, 2007 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced its Q1-2007 financial results. The Company reported consolidated (unaudited) revenues for the quarter ended March 31, 2007 of $48,143,531, with pretax income of $1,994,279.
Phoenix consolidated operating results for the first quarter of 2007 reflected solid performances in all divisions. Year to year results, exclusive of acquisitions, experienced steady growth. Noble Jet of Ft. Lauderdale, FL, was acquired in February 2007, and contributed immediate bottom line results to the aviation division. 2007 revenue for Noble should exceed $2 million, with operating income in the 20% range.
Mining operations, after infrastructure completion and ramp up of operations were productive. Construction and swimming pool operations, though cyclical, appear to be headed toward a record year. Oil and Gas exploration, through Ideal Energy Directional Drilling, reported record revenues for the quarter, with more drilling infrastructure being put in place. Historically this entity provides a 20% to 25% level of operating income. Sam's Oil Country Services has also experienced consistent growth both in revenues and operating income. Aviation fuel sales in the first quarter remained strong, not missing a step prior to the planned move of the operation to Houston in May 2007. Aviation sales and maintenance continue to take steps to increase sales and profitability, while providing solid results.
Phoenix looks forward to solid and consistent growth from continuing operation in 2007, along with immediate contributions from all recent acquisitions. The management of Phoenix feels that shareholders will be rewarded in 2007 by the continuing commitment to growing not only revenues and profitability, but shareholder value.
Phoenix will be providing these operating results to Pink Sheets ahead of the specified deadline of August 1, 2007, and will continue on the path toward transparent reporting in a systematic and structured manner.
Phoenix Associates Land Syndicate, Inc. Consolidated Balance Sheet - (Unaudited) ---------------------------------------- March 31, 2007 and December 31, 2006 Q1-2007 2006 ----------- ----------- ASSETS Current Assets Cash and Cash Equivalents 3,151,246 9,202,005 Accounts receivable - net 13,418,747 4,496,621 Inventories 11,840,043 13,041,050 ----------- ----------- Total Current Assets 28,410,036 26,739,676 Other Assets Investment 19,350,088 18,250,088 Prepaid Expenses 430,753 282,047 Goodwill 13,632,540 13,232,540 Oil Reserves 0 0 Land Leases 1,402,840 1,402,840 ----------- ----------- Total Other Assets 34,816,221 33,167,515 Fixed Assets Buildings 728,000 728,000 Land 225,000 225,000 Real Estate Holdings 11,002,642 11,002,642 Building Improvements 433,017 412,268 Machinery & Equipment 9,432,016 9,397,825 Furniture & Fixtures 208,345 177,065 Leasehold Improvements 18,549,000 18,549,000 Mineral Reserves 47,550,000 47,550,000 Vehicles 296,384 275,531 Less: Accum Depletion (17,057,950) (16,015,635) Less: Accum Depreciation (7,222,125) (6,780,821) ----------- ----------- Total Fixed Assets - Net 64,144,329 65,520,875 TOTAL ASSETS 127,370,586 125,428,066 =========== =========== LIABILITIES & SHAREHOLDERS' EQUITY Current Liabilities 20,950,047 28,543,162 Long Term Liabilities 10,355,090 4,107,000 Shareholders' Equity Stock & Paid in Capital 85,387,974 84,113,032 Unrealized Market Gain / (Loss) 3,883 (14,441) Retained Earnings 8,679,313 (158) Income / (Loss) 1,994,279 8,679,471 ----------- ----------- 96,065,449 92,777,904 TOTAL LIABILITIES & SHAREHOLDERS' EQUITY 127,370,586 125,428,066 =========== =========== Phoenix Associates Land Syndicate, Inc. Consolidated Statement of Operations (Unaudited) ------------------------------------------------ Three Months Ended March 31, 2007 -------------- Revenues 48,143,531 Costs of Goods Sold 41,746,218 -------------- Gross Profit 6,397,313 Operating Expenses 2,944,116 Operating Profit. (Loss) before 3,453,197 Depr, Amort, Depl, Interest & Tax Depr, Amort, Depl, Interest & Tax 1,483,637 Other Income / (Expenses) 24,719 Income / (Loss) -- Pretax 1,994,279 ============== Notes: The above data was prepared internally by management
About Phoenix Associates Land Syndicate
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: Mike Mulshine Osprey Partners (732) 292-0982 osprey57*optonline.net
mailto:osprey57*optonline.net
Copyright 2007 Market Wire, All rights reserved.
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Press Release Source: Phoenix Associates Land Syndicate
Phoenix Associates Announces Major Additions Friday July 27, 7:13 pm ET
Company Reports Additions to Its Mining, Oil & Gas, Aviation Division, and the Sale of Two Companies Into a Separate Public Company
MADISONVILLE, LA--(MARKET WIRE)--Jul 27, 2007 -- Phoenix Associates Land Syndicate (Phoenix) (Other OTC:PBLS.PK - News) today announced a number of major additions to its mining, oil & gas, aviation division, and the sale of its two pool companies. ADVERTISEMENT
Paul Alonzo, President and CEO of Phoenix, stated, "For the past three months, Phoenix has been working with and is now partnering with two groups that are located in Florida, Ohio & New York. One of the groups has been in mining for over a hundred years and is one of the largest mining companies in the world. The second group was a leading player in the waste management business in the New York area and now has interests in mining and trucking in the northeastern United States."
Mr. Alonzo added, "Together, with these two groups, our company is expanding its mining and trucking operations beyond its current gulf coast area and will be greatly expanding the capacity of its Murphy Sand and Gravel site in Pearl River, LA. Because of the high level of technical competence and experience in mining being brought into Phoenix by these groups, the Pearl River site will be mined much deeper than previously expected, therefore yielding vastly larger amounts of product than previously thought possible."
Products from the Murphy site, together with products from other sites outside the area that will be shipped in, will be vital to the ongoing reconstruction of the infrastructure levee systems and housing in the greater gulf coast areas of Mississippi and Louisiana.
Phoenix indicated that numerous mining deals that the company was incapable of acquiring on its own are now not only possible, but are now being completed.
The first series of new acquisitions are a group of strip coalmines in the southern U.S. These mines are currently in operation and profitable. These mines have huge deposits of coal (non-sulphur) and limestone, which is the sandwich material between coal veins. Phoenix will have these huge amounts of limestone shipped to sites in the gulf region for use in rebuilding projects.
Phoenix has begun purchasing crushed stone facilities to feed these products for processing into specific materials needed in building levees and concrete for roads, bridges and other construction work. The first of these purchases was Southern Concrete Crushing, as previously announced.
Mr. Alonzo added further, "Because of our new venture partners, certain contracts that were previously unavailable to Phoenix are now being made available to us. We are now expecting revenues and earnings from these operations to far exceed the current total revenues and earnings of the entire Phoenix group of companies as they are currently structured."
As part of the Company's agreement with its new venture partners, many companies they currently own will be placed into the Phoenix group of companies to allow growth and expansion far beyond the current abilities of Phoenix and far beyond the physical boundaries currently supplied by Phoenix.
Another area of Phoenix expansion with the new venture partners will be in bulk fuel sales (gasoline, diesel fuel -- both on road and off road, and possibly aviation bulk fuel). Phoenix is closing on its first bulk fuel storage facility acquisition next week, a facility located in southern Mississippi. Phoenix expects a very strong move into this market over the next few quarters.
Current fuel requirements for operation of equipment at the previously mentioned mining and crushing sites exceed $500,000 every two weeks. The Company expects to cut that cost by about one third by supplying its own fuel.
These mining and oil and fuel sales expansions are, by far, the largest undertakings in the history of Phoenix Associates Land Syndicate and are far larger in both assets, net worth and revenues than the entire current Phoenix group of companies.
Another area of expansion will be in off shore investment banking. Phoenix is currently expecting to acquire an offshore trust company and two more offshore banks to add to its first acquisition of the trading platform, investment bank and managed insurance company in the Caribbean that was announced recently.
The Phoenix Aviation Group of Companies (Best Jets) will be adding charter operations out of south Florida in the immediate future, with many other exciting announcements to soon come out of the aviation division.
The Phoenix Construction division expects to sell its two Michigan pool companies in an equity transaction to a public company that is focused on the backyard leisure market. As a part of this move, Phoenix acquisition personnel will assist in expansion of the public company and Phoenix will participate in the growth of that public company via a significant equity position. As more specific information is available it will be announced to Phoenix shareholders.
On the financial side, Phoenix is building a new facility to house its accounting department. This attractive building is located next to the Phoenix main office in Madisonville, LA. Because of the vast expansion of the Company previously mentioned, Phoenix is in the process of hiring approximately ten more people in its accounting area and current office space is far too small. The current accounting offices will be taken over by fuel sales and administration personnel from our bulk fuel and oil division.
Lastly, Phoenix will be making changes to its preferred and common stock structure. All series of the Company's preferred stock will now be both assignable and transferable so as to allow preferred shareholders the flexibility to sell their stock privately or to use it as collateral should they see fit to do so.
As an essential ingredient in the Company's new growth plan, its Board has approved an increased in the number of authorized shares of its common stock from 1.75 billion to 2.5 billion shares.
Under the new growth plan, it is expected that the Company's new venture partners will be acquiring a very large position in Phoenix common stock of well over one billion shares. They have committed to over the counter purchases of approximately two thirds of the amount they require, with the balance to come from Phoenix as certain acquisition are made, contracts are granted, and sales and profit projection are achieved that are attributable to their efforts.
Phoenix wants to point out to all of its shareholders that this group is not doing this for any reason but to make money, and the money will be in the future value of Phoenix common stock. Phoenix estimates that its stock is currently trading for less than one quarter of its net worth value per share. The Company is confident that the growth plan being implemented, with the involvement of its new partners, will likely bring a strong increase in shareholder value for all shareholders.
About Phoenix Associates Land Syndicate
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.
Contact: For More Information Contact: Mike Mulshine Osprey Partners (732) 292-0982 osprey57*optonline.net
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