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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Dec 12 9:30 AM EST
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To: Siber who wrote (41265)9/30/1999 12:05:00 PM
From: PatP  Read Replies (4) of 43774
 
PRWT = Pure Water something or other, that doesn't exist.

In view of the following document, I think PABN/PRWT is a more accurate description of the relationship, or maybe it should be PRWT/PABN... Or maybe someone at PanAmerican Bancorp is confused. Go figure.

Copyright 1999 Thomson Information Services Inc.
Securities Data Company Worldwide Mergers & Acquisitions

TARGET-COMPANY: Teachdaq
ACQUIRER-COMPANY: PanAmerican BanCorp

ANNOUNCE-DATE: July 22, 1999
EFFECTIVE-DATE: July 22, 1999
FIRST-OFFER-DATE: July 22, 1999
LAST-UPDATE: July 23, 1999

DEAL NO: 906591020

Comprehensive Transaction Report


TARGET

NAME: Teachdaq
TICKER: -
PUBLIC STATUS: Private
ADDRESS: Po Box 872
Lynbrook New York 11563
United States
BUSINESS: Vocational schools, nec
SIC CODE: 8249
ULTIMATE PARENT: Teachdaq
ULTIMATE PARENT NATION CODE: US
ULTIMATE PARENT BUSINESS: Vocational schools, nec
ULTIMATE PARENT SIC CODE: 8249


ACQUIRER

NAME: PanAmerican BanCorp
TICKER: -
PUBLIC STATUS: Subsidiary
ADDRESS: Unknown
United States
BUSINESS: Mortgage bankers and loan correspondents
SIC CODE: 6162
ULTIMATE PARENT: Purewater Sciences Intl Inc
ULTIMATE PARENT NATION CODE: US
ULTIMATE PARENT BUSINESS: Business services, nec
ULTIMATE PARENT SIC CODE: 7389


TRANSACTION

ACQUISITION TECHNIQUE: Not Applicable
ATTITUDE: Friendly
DEFENSIVE TACTICS: Not Applicable
FORM: Acq. of Assets
STATUS: Completed
TRANSACTION VALUE(mil): -
RANK VALUE(mil): -
MANAGEMENT PARTICIPATION: No
EMPLOYEE PARTICIPATION: No
EMPLOYEE STOCK OWNERSHIP: No
INVESTOR GROUP: No
INVESTOR NAME: -
INVESTOR COUNTRY: -
LOCKUP DESCRIPTION: -
TRANSACTION SYNOPSIS: PanAmerican BanCorp, a unit of
Purewater Sciences International
Inc, acquired Teachdaq.
ENTERPRISE VALUE(mil): not provided
SHARE PRICE: -
ENT. VALUE BASED ON EFFECTIVE DATE(mil): not provided

ENT. VALUE/TOTAL CASH FLOW: not provided
ENT. VALUE/TOTAL OPERATING INCOME: not provided
ENT. VALUE/NET INCOME: not provided
ENT. VALUE/TOTAL NET SALES: not provided
ENT. VALUE/NET ASSETS: not meaningful
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