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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) - News Only
PABN 0.000010000.0%Mar 7 3:00 PM EST

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To: ColleenB who wrote (148)1/12/2000 9:55:00 AM
From: ColleenB  Read Replies (1) of 188
 
Wednesday January 12, 9:00 am Eastern Time
Company Press Release

OurEvillage.com Initiates Advertising Sales Campaign
Inaugural Local Editions will be launched in New York, New Jersey and Nevada

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Jan. 12, 2000-- OurEvillage.com, a division of PanAmerican Bancorp (OTC:BB - PABN), has announced the implementation of its advertising sales program, effective immediately, to begin selling advertising in advance of the launching of its first local editions.

The initial marketing effort will focus on Nassau and Suffolk Counties, NY, Middlesex, NJ and Clark County, NV, where OurEvillage.com has established regional sales offices.

OurEvillage.com's strategic plan for the opening of new local editions will utilize a network of Independent Marketing Consultants working in their community to generate advertising sales and product awareness. An aggressive recruitment and training initiative is underway to establish a dominant marketing presence.

``OurEvillage.com is building a marketing force comprised of motivated entrepreneurs who want to capitalize on this dynamic Internet opportunity,' stated Raymond Gamble, Chief Marketing Officer of PanAmerican BanCorp, ``We have already received hundreds of requests for information from people expressing interest in OurEvillage.com.'

Independent Marketing Consultants will be responsible for contributing to OurEVillage.com community initiatives including information and events of business, civic and personal interest. The local OurEVillage.com representative will also assist in creating awareness of the OurEVillage.com Community Reinvestment Program, which will invest back into the community a percentage of the revenues generated by their local businesses.

PanAmerican BanCorp and its subsidiaries, the Internet Group and DEAO.com, have developed a broad array of Internet and interactive products and services as a foundation for implementing business development in the fields of: Financial Services, Healthcare Practice Management, Investment Services and E-business development and advertisement. PanAmerican BanCorp is committed to understanding the unique needs of its customers and providing them with a level of service and technology that exceeds their expectations.

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.

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Contact:

PanAmerican BanCorp
Corporate Communications, 631/232-2221
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