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


To: Roger Bodine who wrote (10965)8/9/1998 10:49:00 AM
From: jhild  Read Replies (2) | Respond to of 43774
 
I'm just curious Roger, why if this notice that appears on a government web site has been hacked the management of PRWT doesn't contact them immediately and issue a press release to immediately straighten out the facts? Your point about style is not a very good one. As you can see it is from the Ministry of Home Affairs and not the same style as the Foreign Ministry that seems to dominate that page of notices and releases.

It has come to the notice of the Ministry of Home Affairs and Housing that a certain foreign company by the name of 'PAN AMERICAN BAN CORPORATION' is advertising on the internet that it is in the process of conducting mortgage banking in Belize through its wholly-owned subsidiary "Affordable Housing Group Ltd".

A press release from the company further states that it has already received some six thousand mortgage applications from Belizean citizens and that the Government of Belize has guaranteed these mortgages.

The Ministry of Home Affairs and Housing wishes to inform the public that the Government of Belize is in no way associated with this company nor has it given the company any mortgage guarantees. While the Government of Belize welcomes foreign investment, it will give its official approval to an investment project only after it has satisfied itself of the viability and genuineness of the project.

The Ministry is not aware of any mortgage applications being processed by this company nor of any licence having been issued to the company by the Central Bank of Belize to conduct mortgage banking.

Members of the public are therefore advised to exercise due prudence and diligence before making any investment with this company.

belize.gov.bz

From the Page Info:
Last Modified: Tuesday, July 28, 1998 10:38:10 Local time
Last Modified: Tuesday, July 28, 1998 14:38:10 GMT

Seems to be an on the level page.