The Long awaited Good News of a Reverse Merge finally arrived. Stocks exchanged One for One!
Tuesday, March 9, 4:00pm Eastern Time
Company Press Release
PanAmerican BanCorp Announces Symbol and CUSIP Change
FOR IMMEDIATE RELEASE
Hauppauge, NY - March 9, 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.
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Contact:
PanAmerican BanCorp/Purewater
Public Relations
516/232-2221
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