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Sekrah

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Alias Born 03/01/2007

Sekrah

Re: None

Monday, 03/26/2007 3:23:26 PM

Monday, March 26, 2007 3:23:26 PM

Post# of 33332
In December 2006, the Company identified that a former subsidiary of the Company’s predecessor, Wickland Holdings, owed $342,681 to the Internal Revenue Service (IRS). The IRS is holding the Company’s majority shareholder and president liable for this obligation. The president’s indemnification holds the president harmless. The Company will book the liability and expense in the fourth quarter 2006.

==

PLNI will have to issue 1.14 billion shares at current market levels to suffice this debt to the IRS.

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