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Wednesday, 11/15/2006 9:15:32 AM

Wednesday, November 15, 2006 9:15:32 AM

Post# of 114954
some pypr news


PayPro, Inc (OTC: PYPR) - Tuesday's shares decreased 7.14% to $0.0065 per share with a total of 41,400,099 shares traded. The company announces Pedro Borges Fiol as the new President of PayPro Latin America Sociedad Anonima, (S.A.).Pedro Borges Fiol, a Costa Rican citizen, holds a Master in Business Science Degree in Marketing Management with emphasis in Financial Products. Pedro's graduating thesis was "The Commercial Integrations of Latin America into the Economic Development of Pan-America (The Western Hemisphere)." For the last 30 years, he has been a militant and promoter of Pan-Americanism ... "a sense of belonging" ... as a forward-looking vision that establishes equitable commercial integration as the only solution to Latin America's survival in our globalizing economies. His professional career has been in banking and finance in the Latin American region, with operations hubs in the Republic of Panama, the Pan-American Banking Center and Costa Rica, the Pan-American Service Center. He is the Founder of "Fundacion PayPro," a Panamanian Private Interest Foundation, legally authorized to act as the depository, clearing house and safe keeper of PayPro's Incorporated shares for the benefit of its beneficiaries, legal entities or persons of good standing. He offers logistical advise to high level government officials in Latin America and the Caribbean.

Pay Pro, Inc. provides stored value debit cards to businesses, governmental agencies, and individuals primarily in the United States and internationally. It sells its products under the brand names CHEXCARD' and MYBANKCARD'. The company is based in Fort Worth, Texas.

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