PRINCEVILLE <PVDC> GETS LETTER OF CREDIT <Qintex Ltd> of Brisbane said <Westpac Banking Corp> of Australia has issued a commitment letter to provide Princeville Development Corp with the letter of credit required under Qintex's proposed acquisition of Princeville. The letter of credit would ensure payment of Princeville's contingent subordinated notes to be distributed to shareholders of record on the day immediately following completion of Qintex's tender for 3,300,000 Princeville share. It said issuance of the letter of credit is still subject to conditions including appropriate documentation, but the letter is expected to be issued around April Three. Qintex said as a result it has extended its tender offer for Princeville shares until April Three. It said through yesterday it had received 7,424,292 shares under the offer.