Part II: Updated Answers from 2/24 Interactive Meeting continued:
Bill You state on your web page that profits are expected soon. Can you tell us which subsidiaries are currently operating at a profit?
<Moderator> RE: PROFITS: Insider Trading, Garden City, is operating profitably. Internet Group is profitable. Healthcorp profits are expected at the end of Q1
Guest70152Has the company or any insider sold shares to the public within the last two weeks?
A: Not to my knowledge.
WebSlingerUSA Why the delays - still nothing new
A: PanAmerican Internet Group is new. I'm sorry, I don't know exactly what you mean.
linemover How is the reality money center doing?
A: RMC is growing!
krbfund How many shares will pan am issue?
A: I'm sorry, I don't understand your question.
spector When do you expect to go national with your internet server--how far along are you?
A: We expect to be fully operational ISP by the end of 1999.
Racerx Can you confirm our relationship with 84Lumber?
A: I'm sorry, we don't respond to rumors.
JJL203 WHENCAN WE EXPECT A SYMBOL CHANGE?
<Moderator> RE: Symbol change: we have applied for a symbol change
PCModem any merger or acquisition news to be announced soon?
A: We cannot answer that question.
petersene Is there any type of inquiry by the SEC into how we can have over 70 million shares trade hand (mostly buys) in the last three days and have no upward price movement?
A: Not to my knowledge.
Guest93655who is your CFO? Is the SEC filing a priority?
A: CFO is untilled at this time and our priority is to get off the Bulletin Board and a filing is one option we are considering.
ISSME How many shares are currently in the float. IE traded in public hands?
A: Please seethe Open House Recap for more information on this topic.
Guest62250When will you release the financials?
<Moderator> Regarding financials, we expect to file financials before the end of Q2
The company will comply with all rules regarding reporting. Bulletin Board companies are being required to become fully reporting this year.
coaster123Financials have been promised for the near future for a while now, but that time has not happened. Can we have anything more concrete scheduled for an actual date?
<Moderator> Regarding financials, we expect to file financials before the end of Q2
The company will comply with all rules regarding reporting. Bulletin Board companies are being required to become fully reporting this year.
faqsnlojiks s panam healthcorp marketing strictly through the internet?
A: No. Other PanAmerican Healthcorp marketing strategies include telemarketing, seminars and trade shows, direct mail, and direct sales through a broker network.
PCModem given the apparent success of this experiment, do you plan more of these, and during non-business hours so more can participate?
<Moderator> RE: apparent success of this experiment: yes, we plan more of these on a regular basis. However, we will need to hire more Moderators ;-)
jjrai was there any announcement made today regarding our company?
A: No.
Guest93655is there something complicated about the SEC filing question?
A: Which SEC filing question? I believe we have addressed the issue. If you are not pleased with our answers, I'm sorry, but I have constraints on me. We are still exploring our options.
Bill John, this all very exciting, when would you surmise to do it again? maybe more people will know how to ask questions?
A: We plan on holding more "meetings" like this on a regular basis. We also plan to offer bulletin boards on the PanAm web site for interested parties to communicate.
dguy some folks are still having trouble getting in. so a forwarded question: what about THRM? anything that can be revealed?
A: Rumors only.
eposca WILLTHERE BE A BUYBACK OF SHARES?
A: Please seethe Open House Recap for more information on this topic.
faqsnlojiks When is it expected that IT will be able to process trades of OTC stocks?
A: We're working on it. OTC stocks trade differently, the limitation is a product of that, not the technology.
JJL203 ALLIN ALL I THINK THIS IS REALLY PRETTY NEAT. ALL THIS FROM A .02 CENT CO.WHAT ARE WE DOING TO INCREASE SHAREHOLDER VALUE?
A: We are working on the fundamentals of the company. We are building the infrastructure to handle business as it comes it. We are looking for new customers, among other things, to build and expand our business.
GoldenEye to your knowledge has anyone else ever tried this "online shareholder meeting" & is this a service you will sell? Thanks.
A: To our knowledge, this is the first meeting of its kind.
rob what is your association with THRM how do you intend to get on NASD
A: We are exploring our options to get listed.
Jakin A press release on the success of this would be a real boost to the stock...
A: Maybe it would!
PRWT_Rules" is the Boca Raton IT office open yet?"
<Moderator> RE: Boca Office: Opening this weekend
Racerx Can you confirm any relationship with a Concorcio Bantec?
A: No, we cannot.
l888l is there any buy back plans for the stock?
A: Please see our Open House Recap for more information regarding this topic.
krbfund How many classes of shares will be issued for Pan Am ie Common, Class A, Classb, etc.?
<Moderator> RE: Share classes: there is only one class: COMMON
<Moderator> RE: # of shares: we have no specific plans regarding the number of shares but we are investigating several alternatives
Guest93655but unfortunately, he does not answer all of them
A: I'm sorry, I don't know what you mean by this question.
shavers will the company e-mail us as information becomes available
A: The company will post information and release it through normal channels.
Racerx How many homes have been built in Belize?
A: We have built two model homes. However, there are several builders building better homes. The new government has mandated 6,000 new homes in 5 years.
JJL203 CANWE EXPECT TO SEE A PR REGARDING THE SUCESS OF THIS OPEN HOUSE?
<Moderator> RE: PR about Open House: we will have a press release about the open house shortly
PCModem we have a very strong support group which really believes in what PRWT is doing. As you know, all we need is to be kept informed. I trust this is the turning over of a new leaf in that direction. Keep up the good work!! and THANK YOU FOR ALL YOUR HARD WORK!!!
A: Thank you.
jjrai regarding the shares can you elaborate?
A: We assumed a situation in which there was a large number of shares existing. We are exploring options to address these issues. Until we decide on a course of action, there is no more information. We will inform you of any decisions as they become final.
petersene Any thoughts by management of releasing more shares? Hope not, we have plenty..
A: We assumed a situation in which there was a large number of shares existing. We are exploring options to address these issues. Until we decide on a course of action, there is no more information. We will inform you of any decisions as they become final.
Racerx Where is Mary Fedder?
A: Mary doesn't work at PanAmerican any longer.
dguy anything public that can be said/verified about THRM?
A: Rumors only.
Jakin My Recommendation...Albeit worthless...is some sort of stock buyback. The boost that a program like would give would pay you back for the shares you bought.
A: Thank you for your input, no input is worthless, we listen to everything. We may not act or respond as any one individual likes, but we try to do what is best for the company.
jjrai what is the press release regarding the open house for?
A: I'm not sure I know what you're asking.
Guest93655what's happening in Belize?
A: Belize is coming along nicely. The web site will provide updated information.
Coop When does the videophone business go full scale?
A: We do not plan to sell videophones. We will use them as a tool where applicable. Currently the programming for use in mortgage application is almost complete. We have started some health care applications and some other programming as well.
PCModem will the text of this Q&A (edited of course) be posted on the company's web site?
A: The text of the meeting will be posted on the PanAm web site, edited for clarity. We intend to answer all questions.
ERRAFF has the question of which state the company is incorporated in been settled and where
A: PanAmericanBanCorp is incorporated in Nevada, Purewater in Delaware. PanAmerican merged into Purewater. Purewater changed its name to PanAmerican. PanAmericanBanCorp is a Delaware company.
Bill being that you have many subsidiaries, how much of the profits are attributed to PanAm?
A: The balance sheet is consolidated.
JCNelson when do you plan to have a share holders meeting
<Moderator> RE: Shareholders meeting: we will announce our annual shareholders meeting soon; it will probably be in the fall
krbfund Will there be a preferred class of stock?
A: Unknown.
harry hi... my name is harry ... how strong is the company moving right now?
A: I'm not sure I understand the exact meaning of your question.
Coop When are more houses being built in Belize? Are there more countries interested?
A: Please seethe Affordable Housing Group web site.
Kunundrum How many shares are in the float ... how many are restricted
A: Please seethe Open House Recap for more information on this topic.
birk when do you plan to file financials with the SEC?
<Moderator> RE: Financials: we plan to file before the end of Q2
Racerx 888-3Home10---is this a number that can be called for our 84Lumber homes?
A: I'm not familiar with that phone number.
PCModem there has been some very serious questions regarding "proof" of the RM between PRTW and PANAM (Nev) plus your web site says PanAm is a Nevada corp (it should say DE). Same questions about the acquisition of RMC. Will there be definitive statements regarding these matters soon?
<Moderator> PanAmerican was incorporated in Nevada and PRWT is a Delaware corporation.
dguy Are you guys prepared for a VERY positive Investing Public reaction to this and all your news?
<Moderator> RE: Very positive investing public reaction to this meeting: we hope so
Bill would you consider the current share price 2.4 cents as extremely undervalued???I sure do!
A: Thank you!
Kunundrum do u plan on becoming a fully reporting company
<Moderator> RE: Reporting company: we plan to become a fully reporting company
Jakin Have you got a rough number on the # of shareholders?
A: Please see our Open House Recap for more information on this topic. Shareholders change daily, anywhere from 1500 up.
dguy Please define what "end of Q2" means (date/deadline?)
<Moderator> RE: End of Q2 is end of second quarter of the fiscal year; we are on an annual fiscal
Austin Press releases, press releases, press releases...please!
harry are you guys profitable?
A: Each division feels that it will contribute the greatest to the company. Time will tell which does.
Each division is generating revenues. Most of the revenues are being reinvested into the growth of the divisions. As we finish building our infrastructure the revenues can be redirected.
Racerx Do you plan to open an IT Office in Dallas?
A: We hope to open a lot of Insider Trading offices. Dallas seems to be a nice place.
petersene Are there any mergers or business partnerships that are official that the general public does not know about yet?
A: We release information as it becomes final. We do not discuss pending business. We do not comment on rumor. We have no control over the market, nor do we want any.
Coop Do you believe there is much manipulation of the stock price? How will that be curtailed in the future?
A: Manipulation is a situation that is and should be addressed by the proper regulatory agencies. We have no control over the market, nor do we want any.
harry what such things you will do to improve the share value which i think very undervalues?
A: We are striving to build the company. We are working on the fundamentals of the company. We are building the infrastructure to handle business as it comes it. We are looking for new customers, etc
IPO when can we see this company above .03?
A: We have no control over that.
Bill will Pan Am be a Nevada or Delaware corp?
<Moderator> RE: Nevada or Delaware corp: PanAmerican is a Delaware corp
spector Congratulations! On this innovative PR program-have been spreading the word.
A: Thank you.
MikeU Are there plans to repurchase shares to lower the outstanding shares available?
A: We explore most alternatives while deciding on a course of action. We don't have our plans yet as we are still collection data on some situations. When we know what will happen, we will inform everyone.
Racerx Has IT been licensed to trade in all 50 states?
A: Insider Trading is currently working to provide nationwide coverage.
ERRAFF Why incorporated in two states
A: PanAmerican BanCorp is incorporated in Nevada, Purewater in Delaware. PanAmerican merged into Purewater. Purewater changed its name to PanAmerican. PanAmericanBanCorp is a Delaware company.
Larry Plug the Deao site.
<Moderator> RE: Deao: we have big plans for Deao.com. I can't release more at this point in time. However, visit deao.com and sign up for e-mail when it launches
hunter Regarding intellectual property, have you: 1) received trademark clearance opinions for the marks you are using currently (e.g., panam, IT); and 2) have you filed trademark applications to prevent others from violating these marks?
A: Where we use a trademark, we have received trademarks.
krbfund approx. when will the exchange of shares occur?
A: You will be notified of how and when to exchange certificates.
PCModem I understand that, but a RM means PRWT = PanAm and PanAm (Nev) is dissolved(etc.) That's what I'm referring to. In a true RM (reverse merger) the Nev company is dissolved and the DE survives with the identity of the Nev company (name and management) This situation needs to be clarified for the sake of the investors. The web site should say the company is a DE company IF there has been a true RM. Thanks
A: PanAmerican BanCorp is incorporated in Nevada, Purewater in Delaware. PanAmerican mergedinto Purewater. Purewater changed its name to PanAmerican. PanAmericanBanCorp is a Delaware company.
faqsnlojiks Is there any plans related to Costa Rica?
A: Rumors.
harry what is the outstanding and float shares?
A: Please see the Open House Recap letter for more information on this subject.
Comtec1 when does our first quarter begin ?
A: PanAmerican BanCorp is on an annual fiscal year, beginning Jan. 1.
PCModem ok I saw your answer
A: OK
dguy YET another responsive response! I'm liking this more and more.
A: Thanks.
Bill are you planning a share buyback?
A: We explore most alternatives while deciding on a course of action. We don't have our plans yet as we are still collection data on some situations. When we know what will happen, we will inform everyone.
Guest18368what is the current float?
A: Please seethe Open House Recap letter for more information on this subject.
Racerx When will Panam Internet Group launch an ISP?
<Moderator> RE: PanAm Internet Group: we are currently hosting web sites and plan to offer dial up access in the near future
<Moderator> RE: Defining shares: we do not have time to address it now, but we will on the web site
Doug When is the beginning of your fiscal year?
A: PanAmerican BanCorp is on an annual fiscal year, beginning Jan. 1.
Guest93655what in the world do you do with a billion shares??
<Moderator> RE: Billion shares: ask Coca Cola what you do with a billion shares
dguy Ok. So now a tougher one. Can John Please answer the RMC acquisition question in light of it not yet being final???
A: RMC is now a wholly owned sub. We have continuing obligations on both parts that extend out.
MikeU Is Panam associated with Executive Mortgage that they share an office with ?John did work for them before.
A: We do not share an office with Executive Mortgage. There is no relationship between PanAmerican and Executive. At one time we ran a branch office of Executive out of 300Wheeler Road. That office closed, we continued here but not as Executive.
JohnR How is the outlook of the PowerX program?
A: The outlook is very good. We have positive responses from our marketing efforts thus far.
coaster123Please provide more press releases over the news wires containing concrete info. Thanks.
<Moderator> RE: Investor Relations: we will have a new department soon (within two weeks). They will be responsible for keeping the web site chock full of information (along with the Internet Group)
ISSME Do the rumors about The Bantec bank in Belize have any substance?
A: Rumors.
harry any plan to buy back shares?
A: We explore most alternatives while deciding on a course of action. We don't have our plans yet as we are still collection data on some situations. When we know what will happen, we will inform everyone.
Bill John, you and your staff are doing a GREAT job. Keep up the good work and please keep investor updated via web site if need be
A: Thank you, we will.
jjrai Thank you very much for taking out the time to speak to us. please continue to keep us posted.
A: Thank you.
Racerx Will Affordable Housing Group expand into other central american countries?
<Moderator> RE: Affordable Housing expansion into other central american countries: hopefully
MikeU Coke can support their share price with sales and reporting. Can PRWT?
A: Time will tell.
onewdmoney how do u feel about the market makers
A: We have no opinions regarding market makers. Everyone has a job to do.
PCModem THANK YOU!!!! (re: new IR dept)
A: You're welcome.
BARB what are future plans to make IT a service offered on the internet
<Moderator> RE: IT Service on the Internet: we just purchased more equipment for Internet trading to be expanded
Bill John, Again, keep up the good work!!!
A: Thank you.
Guest93655how many houses have you sold?
A: I presume you're referring to Belize. We have deposits on 20+ homes.
<Moderator Regarding depositson the homes in Belize, most of the deposits are for homes valued at $100K+
faqsnlojiks Why did you increase the outstanding share count?
A: Please see our Open House Recap for more information on this subject.
Comtec1 THANKYOU !
A: You're welcome.
IPO is this company going bankrupt?
A: No.
Racerx Does Pan American Healthcorp plan to start their own insurance company?
<Moderator> RE: PanAmerican Healthcorp: we have no plans to start an insurance company at this time
GoldenEye John, give us the thumbs up sign!
A: You betcha!
lurker Just a suggestion for future vid-cons: try moving the camera so you guys are facing into it -- it will look better from a presentation point of view.
A: This is a good idea. We are also looking into other ways to make this more interactive.
faqsnlojiks OTC stocks via IT???
A: We're working on it. OTC stocks trade differently, the limitation is a product of that, not the technology.
PCModem What about online trading for us regular traders (non-day traders)??
A: Insider Trading is currently working to provide nationwide coverage.
Guest93655Coca Cola told me they did it by having billions in revenue, how's that?
A: I don't know how to respond to this.
Racerx Does Panam plan to open a bank in the US?
<Moderator> RE: PanAm plans to open a bank in the US: It is always been a goal to open a bank in the US
JT Why the extra shares added/
A: Please see our Open House Recap for more information on this subject.
krbfund when web site hosting becomes available in fla. contact me info@krkids.com thank you
<Moderator> RE: web site hosting in FL: web site hosting is currently available
Guest93655hey...I'm a supporter/investor
A: Thank you.
eposca iF YOU CAN, EMAIL ME at eposca@total.net with additional info.
A: I'm sorry; the company will post information and release it through normal channels.
Guest19536What is estimated time for getting off OTC and on to NazI
A: We are looking to move as quickly as possible.
harry when we can get to one dollar range in the stock price?
A: Unknown.
Bill JOHNTHANK YOU!!
A: You're welcome.
Coop Specifically, online trading like Etrade could someday be a possibility. When if any?
A: We are different than E-trade. Please see our web site.
lurker What is the float?
A: Please see our Open House Recap for more information on this subject.
Bill your video is claerer than most
<Moderator> RE: Clear video: that is the quality of the software
PCModem what about a bank in South America or Central America??
<Moderator> RE: Bank in South American/Central America: That's a good idea- thanks!
krbfund thank you
A: You're welcome.
Comtec1 are we into software ?
A: We do programming for our internal use.
PCModem all I want is .005% of the net
A: We'll see what we can do.
ERRAFF John this is ERRAFF Raffaele, Address the fact that at the shareholders meeting Pan Am became PRWT and then the name change was done
A: PanAmerican BanCorp is incorporated in Nevada, Purewater in Delaware. PanAmerican mergedinto Purewater. Purewater changed its name to PanAmerican. PanAmericanBanCorp is a Delaware company.
Jakin The video is great guys!
A: Thank you.
PRWT_Rules" it would be a hit with Hispanic S. Florida also."
faqsnlojiks OTC stocks using IT???
A: We're working on it. OTC stocks trade differently, the limitation is a product of that, not the technology.
Bill 50 minutes to the bell lets see the reaction
Racerx What will the new trading symbol be?
<Moderator> RE: New trading symbol: we do not know at this time
shazzam what about NHLT
A: Rumors only.
ISSME To whom are speaking, Who is the Moderator?
<Moderator> Laura is the moderator. John is answering the questions
harry wouldn't it be pabc?
A: We don't know.
rickandamy- when are financials to be released?
<Moderator> Regarding financials, we expect to file financials before the end of Q2
The company will comply with all rules regarding reporting. Bulletin Board companies are being required to become fully reporting this year.
<Jeff> Thank you for joining us in our first Virtual Open House. We will try to answer as many questions as possible in real time within this forum. Any unanswered questions will be addressed on the PanAmerican web site shortly after the close of the Open House.
Bill Congrats on a job well done
ISSME good job John, YOU DA MAN
<Moderator> Thank you, everyone
PCModem excellent job thanks!!!
BARB THANKYOU!!
harry thank you
PRWT_Rules" Thanks John, Laura"
Racerx Who's the guy with the pony tail?
<Jeff> Re: The man with the ponytail: That is the CEO of PanAmerican Internet group: Bill Black
<Moderator> We're going to get as much up on the web site as quickly as possible, please check it out
dguy You can count on the many "faithful" checking it out
<Jeff > Thank you for joining us in our first Virtual Open House. We will try to answer as many questions as possible in real time within this forum. Any unanswered questions will be addressed on the PanAmerican web site shortly after the close of the Open House.
MikeU What is being done to support the stock price?
We are working on the fundamentals of the company. We are building the infrastructure to handle business as it comes it. We are looking for new customers, among other things, to build and expand our business.
PCModem please post exact Authorized Shares, Issued and Outstanding Shares, Float Shares, and Control Shares totals. Thanks Again!!!
Please see our Open House Recap letter for more information on this topic.
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