Just out on the wire...
To: Selfop (56 )
From: JCNelson
Wednesday, Mar 10 1999 11:28AM ET
Reply # of 57
Just posted...
Wednesday March 10, 11:05 am Eastern Time
Company Press Release
PanAmerican BanCorp Announces
Symbol and CUSIP Change
HAUPPAUGE, NY--(BUSINESS WIRE)--March 10,
1999--PanAmerican BanCorp announces that it has been
assigned the new equity symbol ''PABN'' and commenced trading on the Over The
Counter
Bulletin Board on March 8, 1999. The company is in the process of completing the
transition from
the previous symbol, PRWT, to PABN by notifying financial professionals, industry
professionals
and investors as rapidly as possible. In conjunction with the symbol change, a new
CUSIP has
been implemented: 69829X-10-1.
''We want all PRWT shareholders to know that there will be a one-for-one exchange of
PRWT
for PABN,'' said John Schmitz, President, PanAmerican BanCorp. ''One share of
PRWT equals
one share of new PABN.''
PanAmerican BanCorp's previous symbol, PRWT, belonged to Purewater Sciences
International,
Inc., and was used by PanAmerican since the acquisition last year. The PABN symbol
was
previously assigned to a West Coast corporation, which subsequently underwent its
own merger
and now trades under a new symbol.
Financial professionals, current stockholders, prospective investors and other interested
parties are
encouraged to use PABN:BB in order to retrieve accurate updated quotations on
PanAmerican
BanCorp. Management intends to complete the transition from its former symbol to
PABN as
soon as possible.
Except for historical information, the matters discussed in this news release may be
considered
''Forward-looking'' statements, within the meaning of Section 27A of the Securities Act
of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Such
statements include declarations regarding the intent, belief or current expectations of the
Company
and its management. Prospective investors are cautioned that any such forward-looking
statements
are not guarantees of future performances and involve a number of risks and
uncertainties that
could materially affect results.
Contact:
PanAmerican BanCorp
Public Relations
(516) 232-2221
JCNelson
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