Need help with extracting a string from a string

I have the following string:


$text = '<p><strong>2010</strong></p>
<ul>
    <li>Content Content Content Content Content Content </li>
    <li>Content Content Content Content Content Content </li>
</ul>
<p><strong>2009</strong></p>
<ul>
    <li>Content Content Content Content Content Content </li>
    <li>Content Content Content Content Content Content </li>
</ul>';

I need a way to extract the first paragraph text only.

echo extract($text);

output <p><strong>2010</strong></p>

What is the best way to do this? thanks

StarLion, That works. Thanks!

echo array_shift(explode('</p>',$text))."</p>";