PAO Group Inc (PAOG)

[rca]

SECOND EMAIL TO TIM AT [e-mail]


FROM: Rodrigo Calderon Araya
TO: [e-mail]
RE: Attn: TIM, Misleading Press Releases CCDE

Further to my last email, the following press release appears on the Pink Sheets website. The release contains material concealments.

The press release announced that Morgan Guaranty Company, LLC provided $1.5MM in financing in exchange for shares at .15 each (the same shares that can be purchased on the market for .02). The use of Morgan Guaranty Company LLC is a play on words suggesting that it is the JPMorgan Chase Morgan Guaranty.

What is concealed is that Morgan Guaranty is an entity that was formed in Nevada just a couple of days prior to the press release. Furthermore, what is concealed is that the owners of Morgan Guaranty are "IPO Holdings," a Nevada company owned by Paul Taylor. Taylor is, of course, the President of CCDE. Thus, the material concealment is that no outside funding has occurred, and that Mr. Taylor merely concocted his own "funding" for the purposes of actively promoting the shares of CCDE through press releases.

Concorde Resources Closes $1,250,000 Private Placement Tranche With Morgan Guaranty Company LLC.

PORT ST. LUCIE, FL, Mar 23, 2006 (MARKET WIRE via COMTEX) -- Concorde Resources Corp. (OTC: CCDE) is pleased to announce that it has closed a Definitive Agreement to sell eight million, three hundred and thirty four thousand (8,334,000) shares of the Company's common stock priced at fifteen cents ($0.15) cents per share to Morgan Guaranty Company LLC for cash and cash equivalents.