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PR for AFTERHOURS and THURSDAY 11/9
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[QUOTE]Originally posted by Superbee383: [QB] PLMA - .005 Palomar Enterprises, Inc. Records Strong Third Quarter Results! PR Newswire - November 09, 2006 09:30 CARLSBAD, Calif., Nov 09, 2006 /PRNewswire-FirstCall via COMTEX/ -- Palomar Enterprises (OTC Bulletin Board: PLMA), finished the third quarter with better than expected results. The (unaudited) net sales and revenue were at $612,177 for the nine months ending 9-30-06, compared to $427,577 for the same period last year. This represents an increase of 42%. The Company's gross profit for the nine months ending 9-30-2006, compared to the same period last year increased to $222,253 from $109,980. Gross margin as a percentage of sales increased to 36% in 2006, compared to 26% in 2005 for the same period. The Company plans to dwarf the consistent increase in revenue and gross profit over the next two quarters, as a result of over $2,000,000 in development properties planned for sale. Palomar Enterprises will continue to focus its resources on the lucrative foreclosure market and coastal development projects. 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. contact1*palomarenterprises.com [URL=http://www.palomarenterprises.com]www.palomarenterprises.com[/URL] 775-887-0670 SOURCE Palomar Enterprises, Inc. Palomar Enterprises, Inc., +1-775-887-0670, contact1*palomarenterprises.com http://www.palomarenterprises.com Copyright (C) 2006 PR Newswire. All rights reserved [/QB][/QUOTE]
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