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Dennisb68

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Dennisb68

Re: None

Monday, 06/04/2007 10:54:17 AM

Monday, June 04, 2007 10:54:17 AM

Post# of 29237
Here is the info. I got.

Dear Dennis

Many thanks for your email and supportive comments. We are very
pleased with the news today.

To answer your question, the newly acquired company will keep it's
listing, and therefore your dividend shares will be in the new
company. These shares will be available for you to trade as soon as
they are issued.

At completion of the transaction, there will be around 5 million
shares outstanding in the newly acquired company. Therefore Petel will
issue 5 million shares to existing shareholders of the newly acquired
company.

This amounts to around a 3% dilution in Petel in return for the
dividend.

We hope this helps.

With Best Regards

Investor Relations
Petel Incorporated

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