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) - News Only -- Ignore unavailable to you. Want to Upgrade?

To: ColleenB who wrote (117)	6/29/1999 10:38:00 AM
From: ColleenB	Read Replies (1) \| Respond to of 188

Press Release...June 29, 1999...PanAmerican BanCorp Opens Buenos Aires Office to Capitalize on the Expanding Mortgage Needs of Latin America Tuesday June 29, 9:41 am Eastern Time PanAmerican BanCorp Opens Buenos Aires Office to Capitalize on the Expanding Mortgage Needs of Latin America HAUPPAUGE, N.Y.--(BUSINESS WIRE)--June 29, 1999--PanAmerican BanCorp (OTC BB:PABN - news) has opened an office in Buenos Aires, Argentina to take advantage of the expanding demand for in the booming Latin American housing market. A significant infusion of new capital must enter the Latin American economy to meet the mortgage needs of the burgeoning number of homebuyers. The growth in the Argentina's housing market alone over the next few years is estimated at three million new homes. ''Many foreign firms are planning to capitalize on the tremendous opportunity available in Latin America,'' stated John Schmitz, CEO of PanAmerican BanCorp, ''We have moved quickly to establish our presence so that we can be at the forefront of those entering this dynamic market.'' PanAmerican BanCorp chose to open it's first South American office in Buenos Aires because of Argentina's commitment to securitize mortgages by adopting policies similar to those established by the U.S mortgage banking industry. This will enable the Company to purchase pools of mortgages that can be offered to institutional investors. The new office is strategically located in the business center of one of Latin America's largest cities at Cerrito 260, 9th Floor, 1010, Buenos Aires, Argentina. PanAmerican BanCorp has appointed Mirta Sosa, who has extensive contacts throughout Argentina, as Branch Manager. The Company is also hosting its first on-line ''Meet the Management'' program today at 2 P.M. featuring PanAmerican BanCorp's CEO, John Schmitz. ''Meet the Management'', a live videoconference, will be presented monthly on the Company's DEAO Channel through PanAmerican Internet Group, a wholly owned subsidiary, of PanAmerican BanCorp. Attendees can log on through the Company's Web site, panambancorp.com. 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. These endeavors include: PanAmerican Healthcare; 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 any such forward-looking statements are not guarantees of future performances and involve a number of risks and uncertainties that could materially affect results. Contact: PanAmerican BanCorp Investor Relations Raymond Gamble, 516/951-1638

To: ColleenB who wrote (117)	6/29/1999 6:23:00 PM
From: jhild	Respond to of 188

Meet the Management Part II: woull: DOES PANAMERICAN INTERACTIVE HAVE ANY REVENUES?? BBB1818: thank you john henkel7: Please Moderate walker: Thanks! MRBIG: yeee hawww!!! RAMBull: 4Bill, I have a question when I may ask. Dave: Dave: Any acqusition in in the near feature..(computer base company) BobR: 4PLEASE MODERATE! deacmoney: please guys do not ask the same question deacmoney: over and over Oaktree: In what form with the financials be released John_Schmitz_2: BigBuddah: Some are progressing more than others, but we believe they will all hit their stride. whatmeworry: What are your feelings about the current valuation of PABN in the marketplace? BillB: RamBull - question John_Schmitz: Oaktree: what do you mean "in what form"- we think currently accepted accounting proceedures Ed: RAMbull John_Schmitz_2: Whatmeworry: We let the market take care of the valuation. We are concerned about building the company and shareholder equity. John_Schmitz: Dave Dave: we always keep our eyes open for new opportunities to grow the company BillB: hevy 5 questions BillB: go ahead hevy HevyTrader: 3 John: how is the current site that is utilizing DIGIBILL managing? Do you have any new medical facilities that are considering using DIGIBILL John_Schmitz: Hevy: DIGIBILL questions should be addressed to Healthwyz; we're only responsible for markting in north and south america John_Schmitz: check out the healthwyz web site for contact info John_Schmitz: www.healthwyz.com John_Schmitz: hevy: question2 HevyTrader: John: what do you feel caused the confusion on the Belize project and the newspaper THE REPORTER to write such an erroneous article John_Schmitz: hevy: question 3 while #2 is being answered please John_Schmitz_2: Hevy: the political climate in Belize causes this types of issues. We try to stay apolitical. BillB: next question HevyTrader: 3 Can you please elaborate on the Private Placement shares BillB: PCModem Any questions? RAMBull: \Bill- My question on bashers? PCModem: Yes, regarding marketing digibil to the govt to reduce medicare costs BillB: PC John_Schmitz: Private placement shares: it was a pre-arranged private placement with two investors. it was registred for 100,000,000 shares but i dont think they all went out John_Schmitz_2: PCModem: That is one of the markets that we are currently exploring. BillB: we don't dignify, nor comment on bashers John_Schmitz: RAMBull: regarding the bashers: we dont comment on the rumors, however we encourage self-policing of the BBS HevyTrader: 3 How long will it take for the Federal Charts for Firststates Thrifts? * Parts: Jim (PABN@.tnt2.greensboro.nc.da.uu.net) BillB: Bababooy John_Schmitz: BABABOOEY: ? BillB: Finkel finkel: yes bill? John_Schmitz: Finkel: your question please? Ed: When we call your name, please ask your questions finkel: i am just curious how pabn will move with so many shares outstanding John_Schmitz_2: Hevy: It is not a First State Thrift, It's a PABN thrift. We are well underway in the process. The next step is the preliminary meeting will be in July with OTS. Ed: Kristi???? finkel: or why so manyu shares are outstanding to begin with? finkel: thank you John_Schmitz: Finkel: with so many shares outstanding, i can't speculate on how things will move. PABN is a diversified company with mulitple divisions what will generate signifiant revenue and share value even at our current flot HevyTrader: 3 John what are the future plans of PABN....what are you going to do to increase shareholder value and what if any are your plans for future projects finkel: why did you decide to issue so many shares? Ed: NoAnchovies????? BillB: NoAnchovies? John_Schmitz: finkle: re: so many outstanding shares: there were 750,000,000 shares authorized and outstanding when we took PRWT over NoAnchovies: 13ok NoAnchovies: 2will we be competing w/ etrade, ndb and the like? Quits: chris (QUIT: ) John_Schmitz: finkle: its not that we decided to issue so many shares.... BABABOOEY: 7question, if I may John_Schmitz: Go ahead, BABABOOEY Ed: SkiTrade????? finkel: in order to ever move off the otc board something will have to be done to shrink the float the float do you agree? Skitrade*: raises hand* BillB: Go ski BABABOOEY: Of the different divisions, which one contributed most to the financial report? John_Schmitz_2: NOAnchovies: The market is so vast that there are many niches to fulfill. We feel our franchise scheme is unique. John_Schmitz: finkel: something will have to be done to shrink the float- we will address those issues of share price and value that will benefit shareholders and the company John_Schmitz: skitrade? Skitrade: you answered it . . . :) NoAnchovies: 2thanks finkel: thank you very much Skitrade: thanks John_Schmitz: finkel: hope that helps... ;-) Ed: Skeets?????? Skitrade: oh, raises hand again John_Schmitz: yes, skitrade PCModem: Shareholders meeting: Where and when? John_Schmitz_2: Bababooey: Most revenues are being generated by Insider Trading. The other divisions will overtake them soon. Ed: Msturgio ?????????? Skitrade: 3at one time there was a rumor of looking for a partner/other to work on DEAO with . . . anything to expand on there? John_Schmitz: PC Modem: shareholder meeting will be in september; date and location will be announced; it will be announced on our web site and probably with a press release John_Schmitz_2: SkiTrade: We still don't comment on rumors. Skitrade: 3ok, but DEAO is still all green lights, and on schedule? ron I can't wait to see the annual report. - When can I expect one? Ed: Pennitrade ?????? msturgeo: Here finkel: one more question? John_Schmitz: Deao is indeed on schedule!!!! FUll steam ahead BABABOOEY: How many trades are we averaging with IT? Pennitrade: none John_Schmitz: finkel: your question? BillB: finkel go ahead -: ron I am just a tech for the chat room. I don't know any of this FiNnZ_34 i have a question i would like to ask also msturgeo: Was inactive finkel: are you sponsoring a tennis tournament in the hamptons? ron I was hoping to ask that question... don't know how to get recognized! lol Ed: Finnz34???????? John_Schmitz: we are one of the sponsors of the Hamlet Cup BillB: MikeU? Skitrade: wonderful, thanks! :): John_Schmitz_2: Bababooey: Specific questions about IT can be answered by Charlie in an upcoming Meet the Management this summer. finkel: wow thats great good job :) -: ron go ahead msturgeo: I have another question..it may have been answered and I will reread the chat...but What is the Status of Affordable housing in Belize? ron: I can't wait to see the annual report. - When can I expect one? RAMBull: question when I may ron Thanks BABABOOEY: thanks - hat's all I'll ask- let someone else go ahead. Thanks again msturgeo: Will we continue that division? John_Schmitz: msturgeo: Affordable Housing : we expect to close our first loans in 90 days BillB: Ron, asked and answered Ed: Queenie, ?????????? FiNnZ_34: ok, i don't know if this was answered or not because i got disconnected. I would like to know if a buyback has been discussed to lower the float and/or increase shareholder value BillB: RAMbull? RAMBull: How many pre subscribers does DEAO have? Queenie: yes, would you please answer hevy's last question? John_Schmitz: Affordable Housing will continue to be supported msturgeo: Excellent...about how many Can we expect ? Ed: After you ask your questions please sit back and let others ask. I am picking you at random John_Schmitz: RAMBull: we have over 1500 interested parties in our database BillB: FiNnz asked and answered John_Schmitz: QUeenie: what was hevy's question? RAMBull: Thanks HevyTrader: 3 John what are the future plans of PABN....what are you going to do to increase shareholder value and what if any are your plans for future projects Ed: Rey,??????????? Queenie: thank you * Quits: STUETZ (QUIT: ) John_Schmitz**: msturgeo: how many what? This is going quickly.... please be a little more specific if you dont mind