NEWS ALERTS...Morning plays posted before 9:30 Message Board

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Microcap & Penny Stocks : NEWS ALERTS...Morning plays posted before 9:30

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To: STRTYZ who wrote (369)	9/23/1998 10:47:00 PM
From: STRTYZ	Read Replies (1) of 931

PRWT MEETING INFORMATION SHEET 5:Continuation The Meeting: Got off on a rough start this morning, With the original PRWT share holders not knowing what was going on. A bit of a shouting match was started by the old investors was quickly calmed down when our own. ERRAFF from the PRWT thread. Who stepped forward to explain to the old shareholders that he himself held a large number of shares from the old company. Mr. John Schmitz then stepped forward calmly and explained in detail what, how and why they were doing this. He also greatly extended himself by explaining the benefits to the parties involved. The PANBANCORP attorney Mr Joel Schonfeld further clarified the legal issues that were brought up during the question and answer session. Including who were the stock transfer agents, which is Central Stock Transfer Inc. At 1-212-509-4000. They are responsible for notification of the old shareholders regarding the meeting held today. He stated that they had purchased 400,000,000 shares of the total 700,000,000 posted by the old PRWT. By purchasing these shares and the company shell they would be able to merge the PANBANCORP into this old shell thus create a new company and put new life into the company. After hearing what Mr. Schmitz had to say, and reviewing all the information available, the old share holders voted unanimously to all three of the questions put forward: Name change of the company to PANBANCORP. Election of the new Board of directors. The purchase of the PANBANCORP. by PRWT respectfully. Only a select few knew that during the past few months there was activity on the stock. Which caught most of the shareholders present by surprise. Knowing that their original company has been inactive for the past 8 years. After hearing all that the CEO and his officers had to say they left the meeting very pleased and happy to know that the Panbancorp was going to trade out their old shares one for one. One of the big questions raised by the old shareholders was how can they go about purchasing more shares while the price was still low and quoted to be .02 during that time in the meeting.

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