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Tuesday, August 29, 2006 2:39:35 PM
and
The Company requires additional time to consider new information related
to (a) the accounting treatment of convertible debentures issued during
recent years, which are no longer outstanding, and (b) the method of
presenting the financial results of Phoenix Digital Solutions, f.k.a.
P-Newco, a limited liability company which is 50% owned by the Company.
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