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

To: Dolfan who wrote (6417)	7/19/1998 1:05:00 AM
From: barbara sperino	Respond to of 43774

Mark Just incase you miss this summary isoman sent out. It is worth reading. To: kevinl (5583 ) From: isoman Tuesday, Jul 14 1998 12:50AM ET Reply # of 5588 Made a summary page of my perceptions of PanAmerican BanCorp, and also provided some links for your information. Pan American Bankcorp Web Site panambancorp.com Recent News Releases newsalert.com The first 800 of some 6,000 mortgage applications from Belize citizens are being processed. The first closings are expected in late August or early September. Most borrowers are government workers or other civil servants and employees of large Belize companies. The home foundations have been laid out and the models will be completed as scheduled; inauguration of the sub-division is set for September. The government of Belize has backed the program and investors have committed to fund $10,000,000 in mortgages monthly beginning immediately. 120,000,000 in mortgage money first year. origination fee = $6,000,000 management fee 2,400,000 (app due to fee based on outstanding balance) total 8,400,000 PanAmerican BanCorp expects the mortgages in Costa Rica to be larger than anticipated. John Schmitz, CEO of PanAmerican BanCorp, will return to Costa Rica in late summer to further arrangements to provide mortgages to the 20,000 new homes under the government guarantee program. Loans are approximately $25,000 to $30,000 each. 500,000,000 in mortgages approximately (20000 x $25,000) origination fee = 25,000,000 management fee = 10,000,000 (app) total = 35,000,000 PanAmerican BanCorp will receive an origination fee in Belize approximating 5% and an annual servicing fee of 2% on the mortgage portfolio balance PanAmerican BanCorp/Purewater (PRWT) has acquired Access Wall Street in exchange for already-issued shares of the company so there is no dilution of PRWT shares. Access Wall Street is projected to add about $1.5 million in monthly revenues to PRWT or an additional $18 million a year. Net income is projected at $6 million a year. Look for further strategic alliances and acquisitions shortly. gross income 18 million Total potential gross income from projected business = 61,400,000 gross earnings per share = 0.1137 cents per share assume 30% net retained earnings as indicated in above quote from press release (access Wall street 18 million gross sales, 6 million net sales = 30% retained) net earnings per share = .0341 cents per share eps ratio of 5 = .17 cents per share price indicated eps ratio of 10 = .34 eps ratio of 20 = .68 Incorporation Records sos.state.nv.us Name: PANAMERICAN BANCORP Type: Corporation File Number: 13454-1998 State: NEVADA Incorporated On: June 09, 1998 Status: Articles Filed Corp Type: Regular This corporation is in good standing. Resident Agent: KELLY L. TURNER (Accepted) Address: 245 E. LIBERTY ST SUITE 200 RENO NV 89501 currently no sec filings (incorporated June 9, 1998) Total O/S 540 million shares estimated float 165 million