To: PCModem who wrote (37175 ) 5/26/1999 5:35:00 PM From: jhild Read Replies (1) | Respond to
Sure is a long way around the block to get your facts wrong. But then Mr. Spin, what do we expect from you? I note in particular your refusal to quote the NHLT particulars. On December 4, 1998 the Company announced that it has entered into a contract with National Health & Safety for an exclusive marketing and management arrangement for all products. PanAmerican Healthcorp will provide expansion capital and marketing to incorporate National Health's POWERx Medical Benefits Network into PanAmerican's Patient Alliance of America. The agreement with National Health & Safety includes the national marketing of a new cancer detection technology for which NHS recently acquired the exclusive North American rights. The new technology is a soft tissue ultra-sound scanner (Longport scanner). The Garden City site is now currently equipped at full capacity with thirty-two (32) trading stations. An in-house seven day course is available to investors wishing to trade. #reply-9739235In November 1998, PanAmerican BanCorp and the Company entered into a Letter of Intent including an interim Licensing Agreement and Management Agreement, both of which would terminate on January 1, 1999. As a result, one months licensing fee of $41,000 was realized as revenue in December 1998 and $58,000 was loaned to the Company to help cover working capital requirements. The interim agreements have lapsed but discussions are still going on.
