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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) - News Only
PABN 0.000010000.0%Nov 7 9:30 AM EST

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To: Roger Bodine who wrote (61)1/9/1999 8:24:00 AM
From: jdcpa  Read Replies (1) of 188
 
Wednesday January 6, 7:30 am Eastern Time
Company Press Release
SOURCE: National Health and Safety Corporation
National Health & Safety Corporation Announces Financing for Marketing of Cancer
Detection & POWERx Contracts
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.

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.

SOURCE: National Health and Safety Corporation








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