Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: Observer who wrote (37773)	6/10/1999 12:32:00 PM
From: barbara sperino	Read Replies (1) \| Respond to of 43774

Insider Trading Initiates Monthly Free Training Seminar Program Business Editors HAUPPAUGE, N.Y.--(BUSINESS WIRE)--June 10, 1999--Insider Trading, a wholly owned subsidiary of PanAmerican BanCorp, has announced the introduction of its free training seminar program to be held at each Insider Trading location on a monthly basis. The first seminar in the program will be held in Boca Raton, Florida on June 24, 1999. The monthly free training seminar program will be promoted with a media campaign that will start at least one week prior to the seminar. The promotion for the Boca Raton seminar will begin on Wednesday, June 16th. The Insider Trading television commercial advertising the details of the seminar will air on CNBC on local area cable systems. Insider Trading is committed to achieving a dominant position in the emerging on-line day trading market. "In order to achieve our goal of being a leader in this market", stated Charles Vaccarro, President of Insider Trading, "we not only have to be aggressive in our marketing efforts but need to ensure that all of our clients are properly trained and supported. This process must begin from the new trader's first contact with Insider Trading." 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. --30--jc/ny* CONTACT: PanAmerican BanCorp, Hauppauge Investor Relations Ray Gamble 516-951-1638 KEYWORD: NEW YORK INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET TELECOMMUNICATIONS BANKING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

To: Observer who wrote (37773)	6/10/1999 2:42:00 PM
From: PCModem	Read Replies (1) \| Respond to of 43774

Observer, thanks for posting that info. "As for the exact quarter ending date and fiscal year, PABN's fiscal year was based on a calender year ending December 31. PRWT was on a fiscal year ending January 31. The final determination as to which fiscal year PABN will follow, has not yet been decided. The decision as to which fiscal year we will select will be announced after the preliminary financials are reported." As I understand it, the Form 10 filing will determine the fiscal year for the company -- for example if the Form 10 includes financials through the 2nd quarter, then the fiscal year will end on June 30 from that time forward, if through the 3rd quarter, then the fiscal year will end September 30 from then on, and so on. In that way the company will "select" what is fiscal year will be -- by deciding when to become a reporting company. PCM GO PABN!!!