PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

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Mar 7 3:00 PM EST

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To: ISOMAN who wrote (29021)	3/15/1999 6:47:00 PM
From: jhild	Read Replies (1) of 43774

Well here's some news about the Scanner: Friday March 12, 4:39 pm Eastern Time Company Press Release SOURCE: Longport Inc. Longport Inc. Announces Marketing Letter of Intent SWARTHMORE, Pa., March 12 /PRNewswire/ -- Longport, Inc (OTC Bulletin Board: LPTI - news) announced today that it has signed a non-binding letter of intent with Austin Medical, Inc of Scranton, PA to significantly expand the marketing area for Longport's LDS scanner. Under the terms of the letter of intent, Austin will pay Longport one million dollars over four years as a licensing fee for the scanner, together with a further license fee equal to ten percent (10%) of Austin's scanner revenue and a monthly fixed lease payment for each scanner. The Company filed for 510(k) clearance for the scanner with the Food & Drug Administration (FDA) on January 26, 1999. biz.yahoo.com Well cross that Press Release about another PABN/PRWT promising beginning off. Suppose they found out PABN didn't have the money to actually carry it off?

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