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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST
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To: jhild who wrote (22175)1/6/1999 10:15:00 AM
From: Style Writer  Read Replies (2) of 43774
 
Here is my response to you and yours: National Health & Safety Corporation Announces Financing forMarketing of Cancer Detection & POWERx Contracts WARMINSTER, Pa., Jan. 6 /PRNewswire/ -- National Health and Safety Corporation (OTC Bulletin Board: NHLT) announced today that it has entered into final stages of negotiations with PanAmerican BanCorp (OTC Bulletin Board: PRWT) of New York to provide up to $6 million in expansion financing. Dr. Dennis Bowers, President and CEO of National Health & Safety Corporation, indicated that the expansion financing will be utilized to service about $125 million in current contracts for its POWERx Medical Benefits Network and for marketing the Longport Soft Tissue Scanner, a device which can detect various forms of cancer without the need for invasive surgical biopsies. National Health & Safety recently announced that it has acquired the exclusive North American marketing rights to the cancer detection technology of Longport. Bowers indicated that NHS projects revenues of about $100 million per year from the Longport technology, which he expects to be submitted to the FDA during the next 90 days. National Health & Safety is currently sponsoring clinical research into the applications of the Longport technology for cancer detection at Thomas Jefferson University Hospital in Philadelphia, PA. Go PRWT
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