Risk Factors
The shares offered hereby are highly speculative, involve a substantial degree of risk, and should be considered only by persons able to bear the economic risk of the investment for an indefinite period. Prior to making an investment decision, prospective investors should carefully consider, along with all of the information contained within this offering circular, the following risk factors, and should consult with their legal and financial advisors with respect thereto:
This prospectus, including the documents incorporated by reference, contains "forward looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of PanAmerican BanCorp ("PRWT")[sic], or industry results to differ materially from any future results performance or achievements expressed or implied by such forward-looking statements speak only as of the date of this Prospectus. PRWT[sic] expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in PRWT's[sic] expectations or any change in events, conditions or circumstances on which any such statement is based.
An investment in these Shares entails a high degree of risk and should be considered only by investors who can afford to sustain a loss of their entire investment. Investors will be required to represent that they are familiar with and understand the terms of this Offering and that they meet certain suitability requirements. Accordingly, in analyzing this Offering, prospective investors should give careful consideration among other items, to the following factors:
Development Stage Company - Limited History of Operations
The Company is a development stage Company and to date has generated limited sales from its[sic] mortgage banking business. As a development stage company, it will be subject to all of the risks, uncertainties and lack of standing generally associated with new enterprises. Despite the fact that the Company's principal has substantial experience in dealing with the target market, there can be absolutely no assurance that the Company will be able to survive the highly competitive and rapidly changing environment of the internet arena. See "Business".
Continuing Operating Losses and Need for Financing. PRWT[sic] was organized in 1997 to take advantage of an opportunity in Belize in the mortgage banking field. Since operations are new, there can be no assurance that sufficient revenue and cash flows will be generated to support the Company's operations or that the Company will ever operate profitably. The Company is dependent upon receipt of the net proceeds of the Offering to finance the continued operations of the Company and may need additional financing to fund its[sic] future operations and development of new products.
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