PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: jhild who wrote (38841)	6/26/1999 5:14:00 PM
From: ColleenB	of 43774

How about a review of what was posted earlier regarding PABN/PRWT's claims and their relationship with NHLT... In the December 14th update John Schmitz writes: On December 4, 1998 the Company announced that it has entered into a contract with National Health & Safety for an exclusive marketing and management arrangement for all products. PanAmerican Healthcorp will provide expansion capital and marketing to incorporate National Health's POWERx Medical Benefits Network into PanAmerican's Patient Alliance of America. The agreement with National Health & Safety includes the national marketing of a new cancer detection technology for which NHS recently acquired the exclusive North American rights. The new technology is a soft tissue ultra-sound scanner (Longport scanner). #reply-9739235 However, a different story emerges when reading NHLT's filing... In November 1998, PanAmerican BanCorp and the Company entered into a Letter of Intent including an interim Licensing Agreement and Management Agreement, both of which would terminate on January 1, 1999. As a result, one months licensing fee of $41,000 was realized as revenue in December 1998 and $58,000 was loaned to the Company to help cover working capital requirements. The interim agreements have lapsed but discussions are still going on.http://www.edgar-online.com/bin/showglimpse/?doc=A-901899-00... And now, upon examination of the 10QSB and 10KSB of LPTI, NHLT isn't even mentioned rather some cryptic agreement with the CEO? Oh, my...

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