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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) - News Only
PABN 0.000010000.0%Mar 7 3:00 PM EST

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To: ColleenB who wrote (98)5/25/1999 8:53:00 AM
From: ColleenB   of 188
 
Company update, April 1st....

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. In light of this, PanAmerican BanCorp renews our dedication to pursuing our goals of building a solid foundation for BanCorp and being fiscally responsible in order to provide the best value and a good return for our shareholders.
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