Yes I have been told news would be out in a few days and it was not released on time. But to me the important thing was it was released.
I believe I was off by two weeks on the released news below.
I did call and ask why it wasn't out and was told it would be out,which it was. so I personally am not worried that news does not come out on scheduled times. I only worry when it doesn't come out at all.
Now I have heard that prwt is in negotiations on several other things. I know John cut his business trip short to 3 South American countries to get back to NYC to continue on one of these deals.
I have heard from several sources that this deal involves another public traded company and could be a possible merger/acquisition. When or if this will be completed I have no idea. When we will have another news releases I also don't have any idea.
I talked to John S. last week a couple of times by phone. and at this point I'm not worried about my investment in prwt. I think for a company that is less than 5 mos old they have done amazingly well.
As I'm long on prwt , My concerns are if they make the deal not when.
Here is the news release I was off on the time it was released. BUT IT WAS RELEASED, WHICH IS ALL I REALLY CARE ABOUT.
(BSNS WIRE) New From PanAmerican Healthcorp and Insider Trading Office
New From PanAmerican Healthcorp and Insider Trading Office
Business Editors
NEW YORK--(BUSINESS WIRE)--Nov. 6, 1998--PanAmerican BanCorp is
pleased to announce that it's wholly owned subsidiary, PanAmerican
Healthcorp, has been retained by one of New York's largest medical
groups to provide third-party billing management services. The medical
group manages over 300 doctors and 20 clinics in Nassau, Suffolk and
Queens counties.
PanAmerican Healthcorp provides information, management and
financial services to the one trillion-dollar healthcare market to
fulfill critical needs for both healthcare professionals and
consumers. The professional division assists healthcare providers to
increase their income in an era of decreasing reimbursements by
utilizing the company's sophisticated yet affordable practice
management services. The company's consumer division, The Patient
Alliance of America, offers patients comprehensive healthcare
information and support services, including access to a discount
medical network, that can substantially reduce healthcare expenses.
PanAmerican BanCorp. (NASDAQ BB: PRWT) is pleased to announce the
opening of its first office of Insider Trading at 600 Old Country
Road, Garden City, N.Y. on Nov. 4, 1998.
The Insider Trading office is currently equipped with sixteen
(16) trading stations and is capable of expansion up to thirty two
(32) stations. An in house seven day course is available to investors
wishing to day trade.
Look for Insider Trading's second office in Boca Raton, Fla. to
be opened in early December 1998, and a third office to open in Las
Vegas, Nev. shortly thereafter.
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 performance and involve a number of risks and
uncertainties that could materially affect actual results.
--30--flb/ny* sid/ny rc/ny
CONTACT: PanAmerican BanCorp
George Krivine
Investor Relations
516/232-2221
KEYWORD: NEW YORK
INDUSTRY KEYWORD: BANKING MEDICINE INSURANCE
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