Replies to post #288 on Angel Acquistion (AGEL)

[Justin]

'tentrio', it was in the PR yesterday and also was in the post last Friday that I posted on the other board. You need to read if you need to see it. Sorry!

arkie

[Justin]

'tentrio', here it is in the bold black letters in this post.
Posted by: arkieboy1
In reply to: None Date:6/21/2004 4:15:08 PM
Post #of 289

Palomar Enterprises, Inc., Announces the Purchase of $ 1,400,000.00 Office Building
Monday June 21, 2:45 pm ET


CARSON CITY, Nev., June 21 /PRNewswire-FirstCall/ -- Palomar Enterprises, Inc., (OTC Bulletin Board: PALL - News) has successfully exercised the option to purchase the office complex located at 2850 Pio Pico Drive in Carlsbad, CA. The purchase price of the property is $ 1,400,000.00.
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The property adds an immediate $ 400,000.00+ net asset to the company balance sheet. In addition, the property is a revenue source as well. The company will be doing extensive renovation of the lower portion of the property and will be moving its entire real estate, mortgage and home loan and properties groups to the facility. When the renovation is completed, the facility will be a state-of-art real estate sales office. (For more information: www.thepalomargroup.com ).

In conjunction with the purchase of this office complex, the company also announces it has completed a 100 to 1 reverse split of its outstanding shares. The company now trades under the symbol: PALL.

The 2850 Pio Pico facility is the second of several planned real estate acquisitions. The company has set forth as a principle part of its planned operations, to provide long term value through asset acquisitions, rental income and revenue generating core businesses.

From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward- looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.




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Source: Palomar Enterprises, Inc.