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| | PRESS RELEASE Thomas Equipment Announces Material Modifications to Its Financing Agreements With Laurus Master Fund, ... (Site not responding. Last check: ) |
 | | Thomas Equipment Inc. ("Thomas") (OTC BB: TEQI) today announced that it and Laurus Master Fund, Ltd., ("Laurus") agreed to enter into material modifications to their existing financing agreements. |
 | | In consideration of these modifications, Laurus was paid $600,000. |
 | | Laurus was paid no cash, stock, warrants, options or other consideration for potential penalties owed by Thomas to Laurus for any period of time after January 1, 2006. |
| www.marketwire.com /mw/release_html_b1?release_id=99564&category= (623 words) |
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