CALIFORNIA FIRM HAS FIVE PCT OF MODULAIRE &lt;MODX>

  PBS Building Systems of America Inc,
  an Anaheim, Calif., company, told the Securities and Exchange
  Commission it has acquired 150,000 shares of Modulaire
  Industries, or 5.0 pct of the total outstanding common stock.
      PBS, whose subsidiaries design, make, sell and lease
  nonresidential relocatable modular buildings, said it bought
  the stake for 855,768.75 dlrs "to acquire an equity interest in
  Modulaire, while it evaluates Modulaire."
      Depending on several factors, PBS said it may decide to buy
  additional Modulaire common shares.
  

