Phoenix Associates Land Syndicate (fka PBLSQ)

[Xylan]

With my crude math, looks as if we dropped to about $14,000,000 in revenue for Q3 right? and looks as if Progas is pretty much out the door, as seems like its going to be sold for a loss. See below from the PR, also it stated that progas revenue was not included in the Q3 financials.

Xylan


Notes:

1) Current Liabilities contain a reserve of $3,000,000 for potential liabilities which may or may not result from the planned sale of ProGas.

2) Long Term Liabilities contain a reserve of $2,000,000 for potential liabilities which may or may not result from the
planned sale of ProGas.

3) The above data is compiled internally by management.