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Wednesday March 10, 11:05 am Eastern Time
Company Press Release
PanAmerican BanCorp Announces
Symbol and CUSIP Change
HAUPPAUGE, NY--(BUSINESS WIRE)--March 10,
1999--PanAmerican BanCorp announces that it has been
assigned the new equity symbol ''PABN'' and commenced trading on the Over The Counter
Bulletin Board on March 8, 1999. The company is in the process of completing the transition from
the previous symbol, PRWT, to PABN by notifying financial professionals, industry professionals
and investors as rapidly as possible. In conjunction with the symbol change, a new CUSIP has
been implemented: 69829X-10-1.
''We want all PRWT shareholders to know that there will be a one-for-one exchange of PRWT
for PABN,'' said John Schmitz, President, PanAmerican BanCorp. ''One share of PRWT equals
one share of new PABN.''
PanAmerican BanCorp's previous symbol, PRWT, belonged to Purewater Sciences International,
Inc., and was used by PanAmerican since the acquisition last year. The PABN symbol was
previously assigned to a West Coast corporation, which subsequently underwent its own merger
and now trades under a new symbol.
Financial professionals, current stockholders, prospective investors and other interested parties are
encouraged to use PABN:BB in order to retrieve accurate updated quotations on PanAmerican
BanCorp. Management intends to complete the transition from its former symbol to PABN as
soon as possible.
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 performances and involve a number of risks and uncertainties that
could materially affect results.
Contact:
PanAmerican BanCorp
Public Relations
(516) 232-2221
JCNelson |
