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[Painterguy1]

Short MRGE @ $6.25 - Very high risk trade...

As previously disclosed, the NASDAQ Listing Qualifications Panel determined to continue the listing of the Company's common stock on The NASDAQ National Market subject to the Company's filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2005, all required restatements and its Form 10-Q for the quarter ended March 31, 2006 by no later than July 7, 2006. The Company has determined that it will not be able to file these periodic reports by July 7, 2006. The Company currently expects to make all of these filings by the end of the third quarter of 2006 and, accordingly, is requesting that the NASDAQ Listing Qualifications Panel grant the Company an additional extension until September 30, 2006 to regain compliance with the NASDAQ listing requirements. The Company cannot predict whether the NASDAQ Listing Qualifications Panel will grant the Company's request for an additional extension. If no such extension is granted, then beginning on July 10, 2006, the Company's common stock will trade on the "Pink Sheets." The Company anticipates that its common stock would be eligible for trading on the OTC Bulletin Board once the Company becomes current in its SEC filings.

http://biz.yahoo.com/prnews/060703/nym035.html?.v=56