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        Penny Blue Association (PBA) News:
         
        2008-07-06
        Financials
         
        2nd Quarter Financial Statements

        Dear shareholders,

        Please find bellow summarized our quarterly financial statements.

        Revenues:       63.280
        Expenditures:   50.390
        ---------------------------
        Net income:     12.890
        Dividends:         7.237

        Detailed financial statements can be found on our web page: www.pba.ej.am under the investors relations link.

        Best regards,

        Munito Jacobus

         
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