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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Dec 5 9:30 AM EST

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To: Style Writer who wrote (7407)7/22/1998 6:46:00 PM
From: MoneyMade   of 43774
 
Sleaze in Belize.....

Guys for starters each BIS news piece has the date and the (BIS)
header.Read all ofthe news releases! It just doesn't fit with the format.

Second, wouldn't you think that the government officials for this country would simply ask the offending company, "to cease all actions."Why would they take the time to be concerned for investors and release a PR for God's sakes warning investors;"stay away..?"



It has come to the notice of the Ministry of Home Affairs and Housing that a certain foreigncompany by the name of `PAN AMERICAN BAN CORPORATION' is advertising on the internet (This sounds like a BigDog statement lol)that it is in the process of conducting mortgage banking in Belize through its wholly-owned
subsidiary "Affordable Housing Group Ltd".

A press release from the company further states that it has already received some six thousand
mortgage applications from Belizean citizens and that the Government of Belize has guaranteed these
mortgages.

The Ministry of Home Affairs and Housing wishes to inform the public that the Government of
Belize is in no way associated with this company nor has it given the company any mortgage
guarantees. While the Government of Belize welcomes foreign investment, it will give its official
approval to an investment project only after it has satisfied itself of the viability and genuineness of
the project.

The Ministry is not aware of any mortgage applications being processed by this company nor of any
licence having been issued to the company by the Central Bank of Belize to conduct mortgage
banking.

Members of the public are therefore advised to exercise due prudence and diligence before making
any investment with this company.

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