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

To: PCModem who wrote (41385)	10/4/1999 8:41:00 PM
From: Big Bamboo	Respond to of 43774

National Health Sells POWERx Division; MedSmart to Bring Financing and E-Commerce Applications WARMINSTER, Pa., Oct. 4 /PRNewswire/ -- National Health and Safety Corporation (OTC Bulletin Board: NHLT - news) and MedSmart Healthcare Network, Inc., a private Dallas, Texas corporation, announced today MedSmart's acquisition of National's POWERx Medical Benefits Network division. The closing was announced jointly by Jimmy E. Nix, President of MedSmart, and Dr. Dennis Bowers, President of National. Under the terms of the sale, NHS will receive an undisclosed amount of cash plus perpetual royalties on the sale of all POWERx and related products by MedSmart. MedSmart will assume all marketing and operations costs for the POWERx division, reducing the operating cost of NHS by more than 75%. MedSmart will also provide substantial expansion capital to develop new markets for POWERx products, and will develop a national state-of-the-art Internet and e-commerce capability to promote POWERx products and services both domestically and internationally. NHS' POWERx division currently owns and operates one of the nation's largest medical provider networks. Its 700,000+ providers include more than 70% of the nation's hospitals, doctors and surgeons, about 90% of the nation's pharmacies, and national networks of dentists, home nursing specialists, vision care providers, hearing care, mental health professionals, chiropractors, radiologists, clinical laboratories, medical equipment providers, and other health care provider types. ''With MedSmart's financing and new technology, we expect that the POWERx network will finally be able to reach its potential,'' said Dr. Dennis Bowers, National's President. ''Both National and MedSmart should do very well as a result,'' he said. The sale of POWERx to MedSmart has been approved by the Board of Directors of both National and MedSmart, and also by the Federal Bankruptcy Court, Eastern District of Pennsylvania. National filed for Chapter 11 reorganization on July 1, 1999. The POWERx asset sale is part of an overall reorganization of NHS planned for later in the Fall.

To: PCModem who wrote (41385)	10/4/1999 11:50:00 PM
From: PatP	Read Replies (1) \| Respond to of 43774

Greetings, You wrote: Thomson Information Services, published that information on the internet Thereby making it real information, even though no one has provided a link to it apparently because no one can provide a link to it, even though it contradicts everything filed with the state of Delaware, all the statements by the company, filings with the NASD and everything in the "fact" category. Whoa. I never said Thomson Information Services posted anything on the Internet. As far as I know it's not on the Internet, that's why I did not provide a link. Thomson Information Services is a private, subscription only data base. I access it through a Lexis-Nexis gateway. Like I said, I am as surprised as anyone that PanAmerican Bancorp would be listed as a subsidiary of Purewater Sciences. But I didn't create the record. Securities Data Company, a division of Thomson, compiles Worldwide Mergers and Acquisitions records using..... Over 200 English and foreign language news sources, SEC filings and their international counterparts, trade publications, wires and proprietary surveys of investment banks, law firms and other advisors. The records range 1979 to present domestically, 1985 to present internationally; coverage is worldwide securitiesdata.com Database accuracy is extremely important. What Thomson produces is only as good as the source materials relied upon. If you want to call Thomson with different information by all means do so. The number is 973.622.3100 (it's a NJ location). Hope this helps.