OT::WOW...Sundance THat also::PYPR OFF TOPIC news out : heads up subers
PayPro, Inc. Acquires Ebiz Finance Savings & Loan Corporation ''EBF''
DALLAS, Oct 09, 2006 (BUSINESS WIRE) -- PayPro, Inc. (Pink Sheets:PYPR) is pleased to announce the acquisition of Corporacion Financiera Ebiz (Panama), a financial institution, with assets of more than $5 million USD, licensed by "Direccion General de Empresas Financieras, resolucion 18, Panama, 28 de Julio de 2004, Republica de Panama", which includes Ebiz Finance Savings & Loan Corporation "EBF" www.e-bizfinance.com the only Panama-based company licensed to do business online.
Mike Terrell, PayPro, Inc. CEO, stated, "The acquisition will strengthen PayPro's Pan American market share and payments platform while opening several new lines of business and creating significant new monetization opportunities for the company. This acquisition represents a major opportunity for PayPro to advance its leadership in the economic integration and globalization of the economy of Pan America and offers people in Latin America and worldwide new ways to participate in online financial services.
The main product is, and will be, making "micro loans" to the average worker ($200-$1000), with returns to Ebiz Finance in the 22% range. A debit card will be provided to each borrower in order to receive their funds. This will create an powerful environment for each individual that allows them to begin doing business on the Net. We have acquired 100% of the Common and Preferred stock. None of the Preferred stock had been issued at the time of the sale.
About PayPro Incorporated:
PayPro Incorporated (PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ON LINE as follows:
Visa prepaid cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, Text messenging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward-Looking Statements is not historical fact as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
SOURCE: PayPro, Inc.
CONTACT: PayPro Incorporated, Dallas Mike Terrell, 214-774-4870 |
