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Thu, 12 Oct 2006 8:32:00 PDT
DOUGLASVILLE, GA (MARKET WIRE) Admiralty Holding Company (OTCBB: ADMH) (Admiralty) announced today that its wholly owned subsidiary, Admiralty Corporation (the "Company"), has been unable to negotiate a requested one-year extension of the first of the Senior and Junior Debentures ("Debentures") due to Capital Bank and Holden Holdings, Limited, respectively. The principal amounts due at the maturity date were
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