Exhibit (a)(5)





                              FOR IMMEDIATE RELEASE

MacKenzie  Patterson  Fuller,  LP announces an extension of the tender offer for
Reeves Telecom Limited Partnership

Moraga, Calif. (Market Wire)--May 26, 2006-- MPF-NY 2006, LLC; SCM Special Fund,
LLC;  MPF  Flagship  Fund  10,  LLC;  MPF  DeWaay   Premier  Fund  3,  LLC  (the
"Purchasers")  have  extended the  expiration  date with respect to their tender
offer for units of limited partnership interests (the "Units") in Reeves Telecom
Limited Partnership (the "Partnership"), through June 16, 2006.

As of the date hereof, a total of 94,452 Units have been tendered by unitholders
and not withdrawn. No other Units have been tendered to date.

Unitholders  should  read  the  Offer  to  Purchase  and the  related  materials
carefully because they contain important  information.  Unitholders will be able
to obtain a free copy of the Tender Offer Statement on Schedule TO, the Offer to
Purchase, the Supplemental Letter to Unitholders, the Letter of Transmittal, and
other documents that the company has filed with the U.S. Securities and Exchange
Commission at the  commission's  website at  www.sec.gov.  Unitholders  also may
obtain  a  copy  of  these  documents,  without  charge,  from  our  website  at
www.mpfi.com (click on MPF Tenders), or by calling toll free at 800-854-8357.

Contact: Christine Simpson, 800-854-8357 x. 224
MacKenzie Patterson Fuller, LP
1640 School Street, Suite 100
Moraga, California 94556