On February 3, 2006, the Company agreed to redeem 2,000,000 warrants for $252,420 and has recorded a liability for that amount at February 28, 2006. Payment for the redemption occurred in March 2006.

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001144204-06-016018&Type=HTML

``Second issue - you are confused, as I had previously stated you might be. The share buyback program and the warrant buyback program are 2 separate plans that are independent of themselves. PTSC may at any time be buying shares on the open market, may be buying warrants directly from Swartz and/or Lincoln, or may be doing neither. Therefore the statement ``the Warrants could be the share buyback PTSC said would happen`` makes absolutely no sense. One program does not replace the other program, and PTSC has never said at any particular time that one was in action. At this time no one posting here knows for sure if either has or is taking place``

Be well