patch intl - pxs $2-$3 by eoy, page-3

PAII is one of the largest shareholders in Pharmaxis Pharmaceuticals Pty,
an Australian company. PAII has seen this investment grow to a current value
of approximately $10 million USD on a non-discounted basis. Given the future
of our investment in Pharmaxis Pharmaceuticals Pty., which trades on the
Australian Stock Exchange, we believe this investment could grow to
$20-30 million US by the end of 2005. This will provide a substantial base
for the company to grow from and potentially increase shareholder value
dramatically.
PAII's goal is to increase shareholder value by increasing the net asset
value of the company to become a mid-range oil and gas company. We are
attempting to attain this goal through oil and gas production that will
provide cash flow and to search out new opportunities which will offer
tremendous "blue sky" to the company and its shareholders.
If you are not currently on the PAII updates list please send in your
email to [email protected] or call 1 888 864 7372 with the best way to
keep you informed. We will send out regular updates and news releases to
everyone who asks to be on our distribution list.