PYPR -- Fundacion PayPro Announces The Sale of 2 Billion Restricted Shares of PayPro, Inc. in PDRs at $0.04
DALLAS, Nov 06, 2006 (BUSINESS WIRE) -- Fundacion PayPro announces the sale of
2 billion restricted shares of PayPro, Inc. in PDRs at $0.04.
PayPro Latin America, S.A. becomes the beneficiary of the Fundacion PayPro Panama by acquiring 2 billion restricted and Offshore shares through PDR's @ $0.04.
Fundacion Founder and Protector Pedro Borges Fiol said, "We have become a very dynamic group of companies engaged in the commercial integration of Latin America into the Pan-American Economic development and of the rest of the world, while maintaining an ecological balance to protect flora, fauna and water resources promoting carbon neutrality through the microforests programs. To celebrate the anniversary of Panamas Independence and commitment to Latin American we acquired the restricted shares late Friday. We will very shortly begin to promote business and investment Tourism through PayPro Travel -- 'Come Visit Panama and see for yourself...'"
PayPro Latin America, S.A. was formed to coordinate all infrastructure projects and developments in Latin America, through Panama, which includes all micro forest and CO2 carbon neutrality programs, "A family's way to gain carbon (CO2) neutrality status."
A PDR (PayPro Depository Receipt) is a dollar-denominated negotiable certificate, issued outside the United States, that represents ownership of shares in a U.S. publicly traded company registered in the state of Nevada such as PayPro, Inc. The structure of a PDR includes a ratio, which correlates with the amount of PayPro shares to the receipt. A PDR can be cancelled for its underlying restricted shares at any time.
Our policy is to maintain that our SHARE and PDR's holders are informed regularly.
Financials will be released by Nov. 15. Further developments will be announced before the end of November 2006.
About PayPro Incorporated
PayPro Incorporated (Pink Sheets: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 messaging, 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.
SOURCE: PayPro Incorporated
CONTACT: PayPro, Inc. Mike Terrell, 214-774-4870
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