Carl has no influence on my investment decisions.
My true interest in this company has nothing do with Belize, I could care less. I have always stated my interest is in the IT and the Internet Group.
Mr. Black is an expert in his field and will bring to the table mind-boggling ideas. Now this week we had fantastic releases that clearly show the company going forward. You do not talk about these facts anymore, (You used to) you talk about Belize. All we are doing there if we do it is provide the funding. You talked about the TV station in Belize talk negatively about Pan Am. What you did not report in your fact finding mission is that the owner of that TV station was a land developer who felt his development threatened by Pan Am. When he found out the Pan am would be a plus not as negative, everything was fine, you know it, I know it...
But back to the Internet, this is my reason why I purchased more of this company.
Thursday, March 4, 12:01am Eastern Time
Company Press Release
First Insider Trading Seminar an Overwhelming Success
FOR IMMEDIATE RELEASE
Hauppauge, NY- March 4, 1999-The Insider Trading division of PanAmerican BanCorp (OTC-PRWT) reported overwhelming response to the first Insider Trading Seminar held in Boca Raton, FL this past weekend. Fifty-three people attended the seminar and approximately 10 attendees have already opened new accounts. Charles Vaccaro, President, Insider Trading, is enthusiastic about the results. Vaccaro said, "100% of last weekend's attendees were experienced, sophisticated traders, who were already trading online. They certainly appreciated the advantages of our system and the direct benefits to them. We expect every one of the seminar attendees to open a new account."
The Insider Trading seminar provided and overview of day trading with the state-of-the-art Insider Trading technology, hardware and software features, and a screen-by-screen walk-through of the innovative system. Insider Trading offers an all-inclusive package with:
-- Real-time quotes
-- News
-- Charts
-- Historical data
-- Time and sales
-- Portfolio management
-- Tickers
-- Level II Market Maker and Exchange Data
-- An extremely fast order execution system enabling investors by means of ECN
"There has been a lot of traffic and activity here at the Boca office over the past few days," Vaccaro said. "This is a direct result of our successful seminar and the television commericals." Based on this, Vaccaro expects space in the next training seminar to fill up more quickly than the initial seminar. "We have 10 people already signed up for the next training course." Insider Trading training courses are run in the Insider Trading offices, exclusively by TeachDac, Inc., of Lynbrook, NY. Plans are in place to hold the next Insider Trading training course in Boca Raton during the first week of April, after the April seminar. Insider Trading seminars are free and open to the public, however space is limited. Insider Trading training course attendees must pay a fee, however the full fee is applied directly when attendees open a new account. Space is also limited in Insider Trading training courses.
The Boca Raton Insider Trading location is the second Insider Trading office for PanAmerican BanCorp.. The first Insider Trading office opened in Garden City, NY, in December, 1998 and is running at full capacity. The company has plans to expand to a Las Vegas office in the near future. Boca Raton Insider Trading is located at 4400 N. Federal Hwy., Suite 186, Boca Raton, FL 33431. The Insider Trading web site is www.insider-trading.net. Insider Trading is a wholly owned subsidiary of PanAmerican BanCorp.
For more information on Insider Trading in Boca Raton, please call (561) 347-7750.
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 nay such forward-looking statements are not guarantees of future performances and involve a number of risks and uncertainties that could materially affect results.
Then when I thought could it get any better then this, it got better!
Thursday, March 11, 12:01am Eastern Time
Company Press Release
PanAmerican BanCorp Signs New Venture
FOR IMMEDIATE RELEASE
Hauppauge, NY - March 11, 1999--PanAmerican BanCorp (OTC:BB-PABN, formerly PRWT) announced today that it has entered into a joint venture with FirstStates Financial Services Corp. Under the terms of the agreement, PanAmerican and FirstStates will file to form a federally chartered thrift institution and offer a wide variety of financial services for the new millennium, including nation-wide mortgages, CDs, and other banking services. This joint venture is expected to effectively position PanAmerican BanCorp in the banking industry, bringing the added value of credit, risk solutions and banking services under one roof. This joint venture will also provide liquidity to the divisions of PanAmerican BanCorp.
John Schmitz, CEO, PanAmerican BanCorp, said, "We're extremely excited to have FirstStates on board with PanAmerican. FirstStates lends additional stability and rounds out the PanAmerican BanCorp portfolio. We have ambitious plans for the thrift, including moving toward being a true Internet-based bank."
Ken Christian, President of FirstStates is targeted to assume the responsibility of Chief Financial Officer of PanAmerican BanCorp. Most recently, Christian was Senior Vice President/Chief Retail Policy and Risk Officer for CoreStates, a $50 billion superregional bank, where he was responsible for $10 billion retail and small business portfolios. Christian has over 29 years experience in the banking industry, including executive positions with two of the largest banks in the United States.
Other executives of FirstStates working with PanAmerican are Leo F. Doyle Jr., Esq., and Willard T. Bullock. As one of the founding partners with the law firm Doyle, Whelan & Doyle, Doyle has an extensive background in representing financial institutions in banking regulation and legal matters. His clients include regional lenders and several of the largest commercial banks in the United States. Doyle will begin the process of licensing the thrift immediately.
Bullock is a 25 year veteran of consumer and mortgage banking, and was most recently Deputy Chief Retail Policy and Risk Officer at CoreStates. An expert in delinquency and risk management, Bullock will be responsible for all collection and back room activities at FirstStates and will be tapped to head the construction to permanent mortgage division for PanAmerican BanCorp through RMC, a wholly owned subsidiary of PanAmerican.
FirstStates is dedicated to serving its clients with the most advanced technology available. FirstStates can solve lending, credit and delinquency problems, including consulting and outsourcing for: risk management, retail/mortgage collections, ORE management, small business workout, mortgage underwriting compliance, CRA lending, retail bankruptcy solutions and municipal tax collection. FirstStates is headquartered in Norristown, PA, a suburb of Philadelphia. This location allows FirstStates to serve the entire East Coast with plans to strategically open loan-production-centers in the Midwest and on the West Coast within the next two and a half years.
If I were you, at these prices I would buy some shares. |
