Eagle Worldwide Inc.(fka ELWD)

[Snugglez]

Its obvious to me what PayPro is doing:

They are working to become a major force in infrastructure development throughout Panama. They are putting special focus on securing contracts related to the Panama Canal Expansion Project through powerful political & business connections.

Here is some research that I have been doing:

Hector Aleman is an influential politician in Panama. So much so, that the President of Panama, Martin Torrijos relieved Hector of his duties as the Minister of Government (along with Ricaute Vasquez, the Minister of Finance at the time) so that they could focus 100% on securing the approval of the Panama Canal Expansion. (source: http://www.pancanal.com/eng/plan/credit-suisse.pdf )

They obviously succeeded in doing so, as voters passed the referendum by a landslide (78% voted 'yes').

An important note about the Panama Canal Expansion: This project is not to expand or 'widen' the currently existing (2) locks that pass through the country. This Expansion entails the construction of a *completely new and wider* third set of locks to pass through the country. This is a huge project. The construction of the third set of locks is scheduled to begin in 2007 and last up to 8 years.

What does any of this have to do with PayPro? Well, as per the Press Release from October 11th, Hector Aleman was one of the 2 newly appointed members to PayPro's board of directors. This gives PayPro an advantage in securing contracts related to the Panama Canal Expansion.

Correspondingly, as announced in the November 1st PR, PayPro has formed a new branch: PayPro Latin America - to coordinate the Panama Canal Project. PayPro Latin America will be capitalized with $1,000,000. This is of huge significance. Having a branch located in Panama will further help them in securing contracts related to the Canal's Expansion. As per the same PR, "PayPro, Inc. and PayPro Latin America, S.A. will release more announcements in the next few weeks as they develop."

As an added bonus, PayPro is already engaged in a $70 million real estate project in Boquete, Panama. This new Latin America branch will not only help them stay closely involved in this project, but will also serve as a 'center of operations' for possibly securing future deals for related projects in the area.

Now going back in time a bit, one of the other people appointed to PayPro's Board of Directors was Manuel A. Gonzalez - Puron. From the PR on October 11th: Manuel A. Gonzalez - Puron is the former Director Sony Music Entertainment, Latin America, and Media Director for Philip-Morris International and is presently the General Manager of G.A.M.E Factory Distribution, a partner in The Trinitum Group, and a Partner in The MFL Group.

The importance there is that he is the GM of a company which is a partner in the Trinitum group. At the time of the PR, this held no importance, but 7 days later - Oct. 18th - another PR was issued stating that PayPro signed a joint venture agreement with the Trinitum Group. Stated in that PR was this: The Trinitum Group is a company with insurance companies insuring infrastructure projects in Latin America. They are also working with Hill International (www.hillintl.com) and PayPro, Inc. on the Panama Canal expansion Project bids. (source: http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20061018005... )

The Trinitum Group is providing the insurance for the major toll road that crosses Mexico City for the next 50 years. First of all, what does a toll road have to do with any of this? Thats where the financing for the Panama Canal Expansion Project is coming from. It would be a good idea to have it insured. (source: http://www.pancanal.com/eng/plan/documentos/propuesta/acp-expansion-proposal.pdf section 8.5) (BTW that is a HUGE pdf file. It is the official expansion proposal for the canal & contains tons of information about all aspects of the upcoming expansion.) Ok so the toll road holds some significance, but what about PayPro? Included in that insurance agreement, is a revenue sharing clause that gives $150,000,000 over the next 50 years ($3 million a year) of the revenue from the contract to PayPro. So this not only gives PayPro a steady revenue stream for the next 50 years, it also reinforces the relationship between Tritium and PayPro regarding future bids on the Canal Project.

The involvement with the Panama Canal Expansion Project doesnt end there though.

In the PR issued October 23rd relating to the agreement with Willis Group Holdings Limited, Mike Terrell - PayPro CEO stated: We have met with the government of Panama and together we are committed to preserving and harmonizing the wildlife habitat and the natural flora and fauna with all of our projects. The most important will be our involvement in administering and or marketing of up to 300,000 acres of pristine rainforest, and natural habitat that surrounds the Panama Canal. We are certainly proud to be partnering with the government of Panama and working with such an internationally respected company as Willis."

Part of the canal expansion includes restoration of the environment directly affected by the expansion. This includes, among other things, reforestation, wildlife precautionary measures, rescue & relocation, ecological compensation, & water & air quality follow-ups. (This info was taken from the official Panama Canal Expansion Project proposal - section 6 - which can be found here: http://www.pancanal.com/eng/plan/documentos/propuesta/acp-expansion-proposal.pdf )

Conclusion: Paypro is quickly becoming a major participant in the Canal Expansion. This along with other infrastructure projects in the area will lead to huge revenues for the company and a strong foundation for any future endeavors.

Im just connecting the dots.



(I already posted this message late last night/early this morning, just reposting it so that some who might not have gotten a chance to take a look can do so)