Eagle Worldwide Inc.(fka ELWD)

[Pecuniam]

PYPR Due Diligence Updated 11/4 1PM

PAYPRO Inc. Ticker PYPR

PayPro Incorporated (PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ON LINE as follows:

Visa prepaid cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.

CONTACT PERSON: Mike Terrell 214-774-4870
EMAIL: [e-mail]

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Address
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4020 N. MacArthur Blvd.
Suite 122-259
Irving, TX 75038
Phone: [phone]
Fax: [phone]

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http://www.gopaypro.com/
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http://www.mybankcard.com/
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http://www.e-bizfinance.com/
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Share Structure:
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A/S: 10 billion
O/S: 7,629,010,600 as of 6/30/2006 Quarterly / 7,629,010,600 as of 10/26/06 per TA (Florida Atlantic Stock Transfer, 954-726-4954)
Restricted shares: 6,500,000,000 (As per conversation w/ Mike Terrell 10/14/2006)
Float: approx 500-700 million as per PR dated 10/16/2006

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Transfer Agent:
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Florida Atlantic Stock Transfer Inc.,
7130 N Nob Hill Rd
Tamarac, FL 33321
[phone]

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Financial Reports:
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July 30th 2006 - December 2005
https://www.otcstockinfo.com/repository/612745/612745_FR20.pdf


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Recent News and Press Releases:
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Nov 1, 2006 - PayPro, Inc. Forms PayPro Latin America, S.A. to Coordinate Panama Canal Project:
http://investorshub.com/boards/read_msg.asp?message_id=14457452


Oct 31, 2006 - PayPro R.E. Developments Announces $70 Million 3 Stage 'Las Huacas De Boquete Project':
http://investorshub.com/boards/read_msg.asp?message_id=14427963

PayPro R.E. Developments Announces $70 Million 3 Stage ''Las Huacas De Boquete Project''
Oct 31, 2006 3:15:00 PM
Copyright Business Wire 2006

DALLAS--(BUSINESS WIRE)--

PayPro Real Estate Development, a division of PayPro, Inc. (Pink Sheets:PYPR), in association with Desarrollo De Panama, S.A. announced today the 3 stage Las Huacas De Boquete Project; an Environmentally and Ecologically pristine development that Covers an area of 2,357 acres of which 1,730 acres will be developed, and 628 acres that have been set aside to make up the Micro Forests properties -- "A family's way to gain carbon (CO2) neutrality status." The development adjoins the city of Boquete.

LAS HUACAS DE BOQUETE will be developed in 3 stages designed to add and to preserve the natural resources and increase the popularity of the region.

Stage One will include the development of the Master Plan where the entire project will be divided into 7 areas (districts), each with its own theme and lifestyles that include shopping centers, health complexes, bilingual education centers, mountain homes and condominiums all of which must be built within the safeguards designed to preserve and protect the environment and natural flora and fauna.

Stage Two will be the creation of a Real Estate Investment Trust (REIT) offering 700 (Seven Hundred) Participating Fiduciary Units (Variable Income) at US $100,000 each, Equal to 10,000 m(2)(Ten Thousand Square Meters) per Unit. Revenues to us for this residential phase alone should approximate $70 million USD. The development of a world class hotel, golf course and condominium mountain resort.

Stage Three will be the sale of the individual units (districts) that make up Las Huacas De Boquete, Chiriqui, Republic of Panama, the jewel of Panama's Golden Triangle.

PayPro CEO Mike Terrell commented that, "'LAS HUACAS DE BOQUETE' is so amazingly beautiful. I visited the site this weekend and it is as magnificent a place as I have ever seen. Our pledge with regulations and approved bylaws to keep it environmentally natural will create a paradise free from stress, pollution, and contamination. I could see for miles in every direction. Sitting atop a 3900 ft. peak with a 360 degree view amid the cool quiet natural surroundings, bordered by rivers on two sides, a view of the Pacific Ocean, a volcano, and Costa Rica can be seen in the distance. I understand now why the Boquete area has been in the top 3 places to live in the world."


Oct 23, 2006 - PayPro, Inc. Signs Agreement with Willis Group Holdings Limited:
http://investorshub.com/boards/read_msg.asp?message_id=14218491


PayPro, Inc. Signs Agreement with Willis Group Holdings Limited (Mexico) (NYSE:WSH)
Oct 23, 2006 2:44:00 PM
Copyright Business Wire 2006
DALLAS--(BUSINESS WIRE)--

PayPro, Inc. (Pink Sheets:PYPR) is pleased to announce the signing an Agreement with Willis Group Holdings Limited (Mexico) (NYSE:WSH).

Willis Group Holdings Limited is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. With over 300 offices in some 80 countries, its global team of 14,500 Associates serves clients in some 180 countries. Additional information on Willis may be found on its web site www.willis.com.

Mike Terrell, PayPro, Inc. CEO, announced today the signing of an agreement with Willis Group Holdings Limited (Mexico). He stated, "With this agreement in place and the landslide approval of the Panama Canal Expansion Project our forward looking vision is now reality. The Agreement allows us to maximize our revenue on all of our upcoming Latin America infrastructure projects which range from a major International airport, major real estate developments in Costa Rica and Panama, a telecommunication company, and now officially the Panama Canal Expansion, and our leadership and development of Micro-Forests and CO2 carbon neutrality programs to help fight global warming. 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."






Oct 20, 2006 - PayPro, Inc. Makes Correction of Facts Regarding MyBankCard:
http://biz.yahoo.com/bw/061020/20061020005377.html?.v=1

Oct 18, 2006 - PayPro, Inc. Signs Joint Venture Agreement with Trinitum Group:
http://investorshub.com/boards/read_msg.asp?message_id=14097851

Oct 16, 2006 - PayPro, Inc. Reduces Issued and Outstanding Shares by 2 Billion:
http://investorshub.com/boards/read_msg.asp?message_id=14039579

Oct 12, 2006 - PayPro, Inc. announces NOBO review results:
http://investorshub.com/boards/read_msg.asp?message_id=13964035

Oct 11, 2006 - PayPro, Inc. today announces the addition of Hector Bolivar Aleman Estevez and Manuel A. Gonzalez - Puron to the Board of Directors:
http://investorshub.com/boards/read_msg.asp?message_id=13936782

Oct 09, 2006 - PayPro, Inc. Acquires Ebiz Finance Savings & Loan Corporation 'EBF':
http://www.investorshub.com/boards/read_msg.asp?message_id=13923106

Oct 09, 2006 - Stockguru.com:
http://investorshub.com/boards/read_msg.asp?message_id=13923060

Oct 05, 2006 - Stockwire.com: Speak with other shareholders about OTC:PYPR:
http://www.investorshub.com/boards/read_msg.asp?message_id=13923017

Oct 05, 2006 - OTCStockExchange.com Stock Alert:
http://www.investorshub.com/boards/read_msg.asp?message_id=13922974

Oct 05, 2006 - Stockguru.com: As Quantum Bit Induction Technology Reviews NOBO List, Other Companies Announce Progress and Show Corporate Growth:
http://www.investorshub.com/boards/read_msg.asp?message_id=13922924

Oct 04, 2006 - Mr. Terrell, CEO PayPro, Inc., States That, "We Have Ordered and Will Review the Most Current NOBO List from ADP Investor Communications.":
http://investorshub.com/boards/read_msg.asp?message_id=13921017

Oct 03, 2006 - redhotpennystock.com:
http://investorshub.com/boards/read_msg.asp?message_id=13920970

Oct 03, 2006 - OTCPicks.com: Daily Market Movers Digest Stock Alerts:
http://investorshub.com/boards/read_msg.asp?message_id=13920903

Sep 26, 2006 - OTCPicks.com: Daily Market Movers Digest Stock Alerts:
http://investorshub.com/boards/read_msg.asp?message_id=13920740

Sep 21, 2006 - WallStreetGrapevine.com: "Stocks on the Rise":
http://www.investorshub.com/boards/read_msg.asp?message_id=13920345


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- old news (probably gonna delete this eventually, some of these links are expired) -
08/30/2005 PayPro, Inc. Names New CEO
http://www.findarticles.com/p/articles/mi_m0EIN/is_2005_August_30/ai_n14937319

08/23/2005 Paypro, Inc. Announces Product and Business Development Agreement with Major Payment Systems
http://www.findarticles.com/p/articles/mi_m0EIN/is_2005_August_23/ai_n14928427

08/09/2005 ChexCard(R), Inc. Joins Green Dot(R) Financial Network - Adds Thousands of Load Locations
http://biz.yahoo.com/bw/050809/95683.html?.v=1

08/04/2005 PayPro, Inc. Set to Deliver Initial Cards to Big O Music
http://www.findarticles.com/p/articles/mi_m0EIN/is_2005_August_4/ai_n14862361

07/28/2005 PayPro, Inc. In Talks with Payroll Provider for New Product Line
http://www.findarticles.com/p/articles/mi_m0EIN/is_2005_July_28/ai_n14834492

07/27/2005 PayPro, Inc Trading Volume
http://tinyurl.com/8lmkr

07/26/2005 Paypro Unit Expanding in Latin America
http://www.findarticles.com/p/articles/mi_m0EIN/is_2005_July_26/ai_n14819164

07/19/2005 Paypro Unit in Talks with Latin America Banks
http://biz.yahoo.com/bw/050719/195361.html?.v=1

07/11/205 OPMI Announces Official Name and Symbol Change
http://biz.yahoo.com/bw/050711/115696.html?.v=1

06/29/2005 OPMI Announces Forward Stock Split Details/Name Change
http://tinyurl.com/cvsvs

06/23/2005 Ostrich Products of America/OPMI-Announces Intent
http://tinyurl.com/cgrfs

06/22/2005 OPA Pay Pro Unit Signs New Payroll Account
http://tinyurl.com/bdbt2

06/17/2005 Pay Pro Card Corporation, Inc. Retains NY OTC Financial Network for Comprehensive Investor Relations Campaign
http://biz.yahoo.com/bw/050617/175369.html?.v=1

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Information about the Panama Canal expansion project
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http://en.wikipedia.org/wiki/Panama_Canal_Expansion_Proposal
The Third Set of Locks Project is a megaproject that will expand the Panama Canal more so than any previous expansion since the Canal's construction. The Panama Canal Authority proposed the project after years of study. Panamanian President Martín Torrijos presented the plan on April 24, 2006 and Panamanian citizens approved it in a national referendum by 76.8% of votes on October 22, 2006. The project will double the canal's capacity and allow more traffic.
The project will create a new lane of traffic along the Canal by constructing a new set of locks. Details of the project include the following integrated components:
• Construction of two lock complexes — one on the Atlantic side and another on the Pacific side — each with three chambers, which include three water-saving basins;
• Excavation of new access channels to the new locks and the widening of existing navigational channels; and,
• Deepening of the navigation channels and the elevation of Gatun Lake’s maximum operating level.[1]
As stipulated by the Panamanian Constitution, any project to expand the Canal had to be approved by the Cabinet, the National and by a referendum[2]. On Friday July 14, the National Assembly unanimously approved the proposal. In addition, the Assembly passed a law mandating a national referendum on the proposal. The referendum was held on October 22, 2006, the first Sunday more than 90 days after National Assembly approval.[

The main purpose of the Canal expansion program is to increase Panama’s ability to benefit from the growing traffic demand. This growing demand is manifested both in increased cargo volume and vessel size that will use the Panama route. In this sense, the Canal, with a third set of locks, will be able to manage the traffic demand forecast beyond 2025, and total revenues for that year, adjusted for inflation, will amount to over USD $6.2 billion.[1]
[edit] Estimated cost


Cost estimates of the project
The cost to construct the third set of locks is estimated by the ACP at approximately USD $5.25 billion. This estimate includes design, administrative, construction, testing, environmental mitigation, and commissioning costs. Additionally, this cost includes contingencies to cover risks and unforeseen events, such as those that might be caused by accidents, design changes, price increases, and possible delays, among others. The most relevant program cost is that of constructing the two new lock complexes — one on the Atlantic side and the other on the Pacific side — with estimated costs of approximately USD $1.110 billion and USD $1.03 billion each, plus a USD $590 million provision for possible contingencies during their construction.[1]
Opponents contend the project is based on uncertain projections about maritime trade and the world economy. Prof. R.N. Mendez, an economist who works for the University of Panama, alleged that the economic and financial projections are based on manipulated data[8]. Independent engineers, most notably Humberto Reynolds[9] and Tomas Drohan Ruiz[10], the former head of Engineering and Dredging of the Panama Canal, say that the project will cost much more than currently budgeted and that it is too risky for Panama.
M.A. Bernal, professor at the University of Panama thinks that confidence in the budget of the Panama Canal Authority is undermined because of engineering and consultancy firm Parsons Brinckerhoff's involvement. Parsons Brinckerhoff is best known for the Boston Big Dig, which ended up costing three times the estimated amount with one tunnel currently closed due to structural and safety concerns.[11]
[edit] Estimated profit
According to the ACP, the third set of locks is financially profitable, producing a 12% internal rate of return. The third set of locks project is self-financed and its financing will be separate from the Government’s financing. The state will not guarantee or endorse any loans undertaken by the ACP for the project’s execution. With tolls increasing at an annual average rate of 3.5% for 20 years, and according to the most probable traffic demand forecast and construction schedule, the external financing required will be mainly temporary and in the order of USD $2.3 billion to cover peak construction activities between 2009 and 2011. With the cash flows generated by the expanded Canal, investment costs will be recovered in less than 10 years and financing could be repaid in approximately eight years.[1]
What "self-financing" actually means, however, is disputed. At least half of the money needed for the canal expansion project will have to be borrowed, and the ACP does not calculate the interest on that as part of the project's costs.[citation needed]
The ACP's revenue projections are based on suppositions about increase in canal usage and the willingness of shippers to pay higher tolls instead of seeking competing routes, both of which critics question.