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

To: slotman who wrote (18115)	11/11/1998 2:27:00 PM
From: barbara sperino	Read Replies (1) \| Respond to of 43774

Yes it is us. here is the news from aug. (COMTEX) B: National Rehab Properties Inc. Announces $2.5 Million Loa B: National Rehab Properties Inc. Announces $2.5 Million Loan Commitment NEW ORLEANS, LA. (Aug. 14) BUSINESS WIRE -Aug. 14, 1998--National Rehab Properties Inc. (OTC BB:NRPI) Friday announced that it has received a $2.5 million loan commitment from Realty Money Center, Las Vegas, for the purchase and rehabilitation of homes. Richard Astrom, president and CEO said, "This facility is especially attractive as the mortgage for each individual home is assumable by the eventual homebuyer." Astrom added: "We are excited as this loan commitment allows NRPI to borrow at bank rates and expand growth of the company according to Company projections. We will expand to one new city immediately." Astrom said: "We feel that this commitment is a result of the demonstrated successful implementation of the company's Business Plan. We have been able to attract financing at significantly more attractive interest rates. As a result of this new financing we anticipate larger profits per home and increase number of homes to be rehabilitated to 50 at a time." The company is in the process of rehabilitating homes in New Orleans and selling the renovated homes to "first time homebuyers" through "affordable housing" programs. The homes are being sold to first-time homebuyers. Large areas of New Orleans are primarily two family homes and NRPI is converting those two family homes into single family homes, for working families. The company believes that its activities not only benefits shareholders by engaging in a profitable business venture, but also benefits the community by rehabilitating blighted neighborhoods." NRPI's Internet Web Site: nrpi.com