...April 1, 1999
From the desk of John Schmitz
I would like to take the opportunity to inform our PABN shareholders as well as other interested parties that PanAmerican BanCorp has recently decided to forgo pursuing opportunities with Realty Money Center, Inc. Regrettably, this decision was difficult to make, however, it simply became evident that the mission and objectives of this opportunity were not congruent with those of BanCorp, and consequently, not in the best interest of the company. ...
Oh really. April Fools?
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.
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coaster123Is RMC generating revenue for PanAm?
A: RMC is generating revenues and reinvesting into the infrastructure. To date there has been no revenues passed through, however, we have increased the back office and support abilities substantially.
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Racerx Is he RMC acquisition complete??
A: RMC is now a wholly owned sub. We have continuing obligations on both parts that extend out.
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Bill has the reverse merger with RMC been completed?? <Moderator RE>: RMC: RMC is a wholly owned subsidiary
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dguy re: RMC. If wholly owned (hey I believe you) what needs finalization?
A: Our agreement includes services going forward, such as licensing in states, new offices, and growth capital. These issues are ongoing and last up to three years. However, the contracts are signed and RMC is a wholly owned subsidiary.
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