PNMS NEWS OUT
Press Release Source: PANAMERSA Corporation
PANAMERSA Corporation Board of Directors to Meet to Discuss Buyout
Friday March 9, 2:00 pm ET
DALLAS, TX and PANAMA CITY, PANAMA--(MARKET WIRE)--Mar 9, 2007 -- The board of directors for PANAMERSA Corporation is scheduled to meet March 15th 2007 to discuss a complete buyout of shareholders for PANAMERSA Corporation (Other OTC:PNMS.PK - News) stock.
"I feel strongly that this is the best option for PANAMERSA and our shareholders," said Mike Terrell, CEO of PANAMERSA Corporation. "Our stock continues to be undervalued (.0021) due to the consistent manipulation by naked shorting in the US market. Based on cash on hand alone, which will be certified on the 15th , and the recent reduction of the O/S by 2 Billion shares, our cash per share is $0.0035. Using any conservative multiple clearly illustrates the undervaluation of our stock."
PANAMERSA Corporation (Other OTC:PNMS.PK - News) is a holding company for a group of business enterprises which promote the commercial integration of Latin America into the economic development of the Western Hemisphere. PANAMERSA Corporation is engaged in global e-commerce and e-biz solutions offering interactive e-commerce and e-biz programs in addition to a range of goods and services online including: prepaid debit cards; e-commerce merchant accounts; life insurance policies, gold transactions; telephony services, text messaging, VoIP, MicroForests 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.
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Forward-looking statements are not historical facts as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
Contact:
Contact:
Investor Relations
214-774-4870
ir@panamersa.com
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