PanAmerican BanCorp Virtual Open House Follow Up
February 24, 1999 4:00PM EST
PanAmerican BanCorp's first Virtual Open House was held on February 24, 1999. The following executives were represented and provided information regarding PanAmerican BanCorp and its subsidiaries:
John Schmitz, President, PanAmerican BanCorp
Charles Vaccaro, Director and President, Insider Trading
Dave Williams, Director and President, Realty Money Center
Ray Gamble, President and CEO, PanAmerican HealthCorp
Bill Black, President and CEO, PanAmerican Internet Group
Larry Roof, Director, Research and Development, PanAmerican Internet Group
Results of the Open House
We are thrilled with the response of all Open House participants. Judging by the response, we feel the test was an overwhelming success, albeit tinged with a few technical difficulties. The PanAmerican Internet Group is in the process of reviewing the chat log, and compiling a list of all questions that were posted during the session. Questions and answers from the chat will be posted shortly on the PanAmerican web site. Questions that were not answered in the chat will be addressed and answered on the web site as well.
PanAmerican Internet Group will also conduct an post-analysis of the Virtual Open House in regards to technology and how to make the the Open House a more user-friendly and workable format for future use.
PanAmerican BanCorp has definite plans to use this format more frequently to communicate with interested parties.
Company information
All interested parties should only pay attention to official company information from PanAmerican BanCorp. We are concerned about providing accurate and timely information. Therefore, PanAmerican will be setting up a new Investor Relations department, which will be available to take questions and provide information on a daily basis.
Interested parties are urged to check the PanAmerican BanCorp web site for accurate information. The newly-formed PanAmerican Internet Group has assumed responsibility for maintaining and updating the site, and will work in conjunction with the Investor Relations department to provide more information and updates than in the past.
PanAmerican BanCorp is comprised of the following divisions:
Financial Services
Realty Money Center
Affordable Housing
Insider Trading
Health Services
PanAmerican Healthcorp
Internet Services
PanAmerican Internet Group
Deao.com
WebWyz, Inc.
PanAmerican Interactive
Internet Service Provider
Web site hosting
Web site development
Financials
The accountants are preparing the 1998 tax returns for each division.
Insider Trading is producing positive cash flow from the Garden City office.
Healthcorp has several contracts signed, which will start producing revenue by end of Q1.
Affordable Housing Group has finished the two models. We currently have over 50 parties interested in purchasing houses in the $50-100K price range, and at this time we have taken over 20 deposits for houses.
We are still developing the back office for RMC to handle the anticipated volume.
We hope to consolidate all statements and file financial statements by end of Q2.
Name change and cusip
You will be notified shortly that each share of Purewater will become one share of PanAmerican BanCorp. This will be a ONE FOR ONE exchange. There will be a new symbol for PanAmerican, and the cusip number will change at this time as well.
Belize
Everything is progressing as planned in Belize. Check the Affordable Housing Group web site for the letter from Hon. Remijio Montejo, Chairman of National Assembly Committee of Housing and Education.
There are new photos of the finished model homes on the web site.
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