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

To: ColleenB who wrote (38438)	6/19/1999 5:05:00 PM
From: ColleenB	Read Replies (1) \| Respond to of 43774

be no assurance that advances in computer and software functionality, new discoveries in the field of cryptography or other events or developments will not result in compromises or breaches of the security systems used by PRWT[sic] or other Internet sites to protect proprietary information. If any such compromises of security were to occur it would have a material adverse effect[sic] on the use of the Internet for commerce and communications and on PRWT's[sic] business, results of operations and financial conditions. A party who is able to circumvent PRWT's[sic] security measures could misappropriate proprietary information or cause interruptions in PTWT's[sic] operations. PRWT[sic] may be required to expend significant capital and other resources to protect against the threat of such security breaches or to alleviate problems caused by such breaches. To the extent that activities of PRWT[sic], PRWT[sic] customers, or sponsors of PRWT's[sic] services involve the storage and transmission of proprietary information, such as credit card numbers, security breaches could expose PRWT[sic] to a risk of loss or litigation and possible liability. There can be no assurance that PRWT's[sic] security measures will prevent security breaches. Risks Associated with Global Operations: PRWT[sic] has begun, and intends to continue to expand its operations outside the United States, which will require significant management attention and financial resources. PRWT[sic] has only limited experience such international activities. Accordingly, PRWT[sic] expects to commit substantial time and development resources to customizing its products and services for selected international markets and to developing international sales and support channels. There can be no assurance that such efforts will be successful. International operations are subject to a number of risks, including customizing products and services for international markets, the success of international business partners, multiple and conflicing regulations regarding communications, use of data and control of Internet access, longer payment cycles, unexpected changes in regulatory requirements, import and export restrictions and tariffs, greater difficulty or delay in accounts receivable collection, potentially adverse tax consequences, the burden of complying with a variety of laws outside the United States, the impact of possible recessionary environments in economies outside the United States, the difficulty of enforcing intellectual property rights and political and economic instability. Furthermore, PRWT[sic] expects that its export sales will be denominated predominately in United States dollars. An increase in the value of the United States dollar relative to other currencies could make PRWT's[sic] products and services more expensive and, therefore, potentially less competitive in international markets. As PRWT[sic] increases its international sales, its total revenues may also be affected to a greater extent by seasonal fluctuations resulting from lower sales that typically occur during the summer months in Europe and other parts of the world. Uncertain Acceptance of the Company's Internet Products and Services: The Company's commercial viability depends in part upon its ability to develop and provide on the Internet original and compelling products and services that will successfully attract and retain users with demographic characteristics valuable to the various advertisers that the Company is targeting and to charge users a subscription fee for access to certain portions of such products and services. There can be no assurances that the geocities.com