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

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To: Kenny who wrote ()2/3/2000 4:21:00 PM
From: Fred C. Dobbs  Read Replies (4) of 43774
 
February 03, 2000 15:58

PanAmerican Bancorp Moves Primary Hosting Facilities Into Its New
Hauppauge, L.I. Headquarters

Business Editors

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Feb. 3, 2000--

Demand for full-service ISP and national DSL capabilities

facilitates roll-up of services under ourEvillage.com umbrella

PanAmerican Bancorp (OTC:BB - PABN), today relocated its primary hosting facilities into its new
Hauppauge, Long Island headquarters. This move was prompted by the overwhelming response to
ourEvillage.com and the demand for ISP and DSL services which were offered by PanAmerican BanCorp
subsidiaries, DEAO.Com and the PanAmerican Internet Group, prior to the roll-up.

"Our commitment to investing in and utilizing advanced technology has been necessitated because of
the tremendous interest generated from the ourEvillage.com project," stated Bill Black, Chief Technology
Officer of PanAmerican BanCorp. Mr. Black also stated that due to the Company's concerns for security,
data protection, network redundancy, and speed of access, PanAmerican's R&D team has developed a
super fast, 27 GB; RAID level 5 configuration for its web servers. In addition, the new ourEvillage.com will
be powered by best-of-breed technology that includes, but is not limited to, SQL Database Server with a
Quad PIII 600 processor, 36 GB hard drive, RAID level 5, MS SQL Enterprise server and redundant
back-up configuration.

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. OurEvillage.com is a unique
community focused portal site designed to bring together local businesses and residents on the Internet.
PanAmerican and ourEvillage.com will continue to develop cutting edge 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

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.

CONTACT: PanAmerican BanCorp
Corporate Communications
Adam Schuman, 631-232-2221
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