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: EL KABONG!!! who wrote (38283)	6/18/1999 7:45:00 AM
From: ColleenB	Read Replies (5) \| Respond to of 43774

Summary of Private Placement Memordum[sic] The following summary is qualified in its[sic] entirety by the more detailed information and financial statements and appearing in the Private Placement Memorandum and prospective purchasers of the shares should read the entire Private Placement Memorandum. The Company PanAmerican BanCorp ("PanAmerican") was organized in 1997 to take advantage of an opportunity in Belize. PanAmerican was approached by the representatives of the government of Belize with the prospect of bringing mortgage banking into that country. Over the next two years, investors were lined up to purchase mortgages from PanAmerican. PanAmerican opened the necessary companies in Belize to conform to local rules and concurrently was introduced to the interactive video phone. The videophone would allow us to use our existing mortgage infrastructure to process and close the loans in Belize. The interactive video phone company had just made plans to acquire Purewater Sciences International, Inc. ("Purewater"). However, their plans changed and that left the door open for us. PanAmerican acquired Purewater, a Bulletin Board, over the counter non-reporting shell company, and made arrangements to merge PanAmerican into it. Purewater Sciences held several patents on water purification. Its[sic] products have been discontinued and may or may not be revamped, however, the possibilities are being investigated. Since taking over Purewater, PanAmerican has acquired two more companies and started two others. PanAmerian is in the final stages of one more start up/merger with First States Financial. PanAmerican, through its[sic] subsidiaries, will be introducing and marketing several new products designed to facilitate the business of the subsidiary. The company maintains it executive and administrative offices at 300 Wheeler Road, Suite 108, Hauppauga, New York. geocities.com