Looks good! Steps are in the right direction!
WARMINSTER, Pa., Jan. 6 /PRNewswire/ -- National Health and Safety Corporation (OTC Bulletin Board: NHLT - news) announced today that it has entered into final stages of negotiations with PanAmerican BanCorp (OTC Bulletin Board: PRWT - news) of New York to provide up to $6 million in expansion financing.
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Dec. 7, 1998--PanAmerican BanCorp (NASDAQ BB - ''PRWT'') announced today that its wholly-owned subsidiary, PanAmerican Healthcorp, entered into a letter of intent with National Health & Safety (NASDAQ BB - ''NHLT'') to commence a national healthcare services joint venture.
John Schmitz, CEO of PanAmerican BanCorp, indicated that PanAmerican Healthcorp will provide expansion capital and marketing to incorporate National Health's POWERx Medical Benefits Network into PanAmerican's Patient Alliance of America.
The Patient Alliance, scheduled to be launched in January of 1999, will forge a national alliance between healthcare service providers and patients, reducing the cost of healthcare to patients, regardless of their medical history.
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