Press Release, May 25, 1999
BSNS WIRE) PanAmerican BanCorp to Franchise Insider Trading Centers
PanAmerican BanCorp to Franchise Insider Trading Centers
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--May 25, 1999--PanAmerican BanCorp (OTC BB: PABN) announced today that it has retained Harold L. Kestenbaum, a nationally renowned franchise attorney, to establish the legal structure for the franchising of Insider Trading Centers. The franchising of Insider Trading Centers will enable PanAmerican BanCorp to rapidly achieve a dominant position in the burgeoning electronic day trading market. Franchised Insider Trading Centers will also provide a marketing, training and support infrastructure for all electronic day trading activities including the Insider Trading online trading services.
Mr. Kestenbaum has been a franchise attorney for over 20 years. He has represented over 90 companies in the franchise field and currently is a member of the Board of Directors of Sbarro, Inc., a NYSE listed company.
PanAmerican BanCorp was initially formed to take advantage of undeveloped niches in international mortgage banking and to provide technologically advanced applications for the mortgage industry. Since then, PanAmerican BanCorp has branched into other endeavors, including: PanAmerican Healthcorp; Insider Trading, a security trading system for sophisticated investors; the development of a "dot com" division known as PanAmerican Internet Group; a joint venture with FirstStates Financial Services Corp. to form a federally chartered thrift institution; and a recently announced agreement with Healthwyz, Inc. to market the DigiBill(TM) product in North and South America.
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 nay 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
Investor Relations
516/951-1638
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