Paladin Holdings, Inc.: Paladin Holdings, Inc. Releases Southland Update Regarding Ambulance Operations

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KINGSPORT, TN (MARKET WIRE) Paladin Holdings, Inc. (OTCBB: PLHI) releases Southland update: On January 24, 2008, Southland was required to suspend all ambulance operations due to the lapse of its professional and liability insurance. Southland operates under the trade name "Emergystat." Southland has successfully reinstated its professional and liability insurance policies as of February 1, 2008 effective January 24, 2008. Southland will immediately request reinstatement of its licenses in Alabama, Florida, Georgia, Virginia and Tennessee. The Company expects to be assisted by the state board as there is significant

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