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tedwitt

02/23/07 11:47 AM

#34530 RE: tbird #34529

http://www.pbls.biz/pressrelease_content.asp?prid=15

"On 2/25/05, Phoenix completed negotiations to settle $3.5 million in debt.
Based on the debt settlement agreement, Phoenix has contractually agreed to begin the process to become fully reporting within fifteen months and has contracted to finish that fully reporting process within twelve months thereafter.
Phoenix stock is grossly under valued because the company has not promoted its stock until the debt settlement agreement was finished."