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Friday, December 07, 2007 8:55:31 AM
• 1 for 500 REVERSE SPLIT of all Issued and Outstanding Common Shares. Note, pre-split Common Shares CUSIP# 704755 107: ISN#US704755 107 9, (Old Symbol: PAIM) have been assigned a new CUSIP # 704755 404: ISN#US704755 404 9. The post-split outstanding public float for Common Shares will be 8,540,057 Common Shares.
• Reduction of the number of Authorized Common Shares from “4.0 Billion” (4,000,000,000) to 20.0 Million (20,000,000).
• 1 for 75 REVERSE SPLIT of all Issued and Outstanding Preferred Shares. Note, pre-split Preferred Shares bearing CUSIP # 704755 30 5 ISN # 704755 305 9 (Symbol: PAIIP) have been assigned a new CUSIP # 704755 503: ISN# US704755 503 9. The post-split outstanding public float for Preferred Shares will be 40,000 Preferred Shares.
• Reduction of the number of Authorized Preferred Shares from “6.0 Million” (6,000,000) to Eighty Thousand (80,000).
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