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Now CorporationNOW

PSE Disclosure Form 17-7 - Statement of Changes in Beneficial
Ownership of Securities References: SRC Rule 23 and
Section 17.5 of the Revised Disclosure Rules

Name of Reporting Person	VELARDE, INC
Relationship of Reporting Person to Issuer	SHAREHOLDER

Description of the Disclosure
The Reporting Person, a holder of more than 10% of the outstanding shares of NOW Corporation, submits this report.