Press Release Source: PANAMERSA Corporation
Letter from Pedro Borges Fiol, MBA. President, (MMVII) PANAMERSA
Wednesday January 17, 9:31 am ET
PANAMA, Republic of Panama--(BUSINESS WIRE)--Following a detailed review of our progress and recent events, the PANAMERSA group of companies is to be re-organized under a newly created entity:
Pan America Sociedad Anonima (MMVII) PANAMERSA
Effective 17th January 2007, Pan America Sociedad Anonima (MMVII) PANAMERSA, a Panamanian Corporation, will become the operating unit for all PANAMERSA legal entities, united in the common goal of promoting for profit the commercial integration of Latin America into the economic development of Pan America (the Western Hemisphere) and the rest of the world, while protecting our Forests, Flora, Fauna & Water resources. The share structure of the new Corporation comprises two types of shares each denominated in Balboas (the currency of Panama): 100 Million Balboas (total) common voting shares and 100 Million Balboas (total) Series A non-voting Preference shares.
From a Central office in the World Trade Centre in Panama City, (MMVII) PANAMERSA, will be responsible for the overall guidance and direction of the four operating and marketing regions that make up the Sovereign Republics of Pan America, namely:
AMERICA I: Cuba & The Caribbean.
AMERICA II: Canada, United States of North America & Mexico.
AMERICA III: Guatemala, Belice, Honduras, El Salvador, Nicaragua,
Costa Rica & Panama.
AMERICA IV: Venezuela, Brasil, Argentina, Bolivia, Uruguay, Paraguay,
Chile, Peru, Ecuador, Colombia.
PANAMERSA Corporation, the US Public Company with Corporate offices in Dallas, Texas, USA, will continue to represent (MMVII) PANAMERSA in the AMERICA II region. As our public face and operating unit in the major capital market of the world, this company will continue its progress towards BB status en route to a listing on NASDAQ. Under a private contact, PANAMERSA Corporation acquired 30% of the common shares of (MMVII) PANAMERSA to safeguard the revenue sources of the USA Company and the interests of its shareholders and to ensure it's participation in our future growth. Mr. Micheal Scott Terrell will remain the President & C.E.O. of this Company.
Information on the entities representing the other regions will be provided at a later date.
The Board of Directors of Pan America Sociedad Anonima (MMVII) PANAMERSA is as follows:
Director President: Pedro Borges Fiol
Director Assistant to President: Adrian Gonzalez Castro
Director Vice-President Executive: Rodney Adam Omanoff
D Vice-President Regional AMERICA I: Julia Ibarra Seas
D. Vice-President Regional AMERICA II: Micheal Scott Terrell
D. Vice-President Regional AMERICA III: Manuel Gonzalez-Puron
D. Vice-President Regional AMERICA IV: Hector Bolivar Aleman Estevez
Director Secretary: Abel E. Camps Bello
Director Treasurer: Antonio Murillo Cambrione
Director Fiscal: Bernal Murillo Vargas
The Board of Directors remains fully committed to our Shareholders, our PDR holders and our Associates. We will do everything within our reach to meet their expectations of future financial growth and to protect their investment portfolios with PANAMERSA.
Finally, through a simple change of name, Fundacion PayPro has become Fundacion Pan America.
I thank you all for your continued interest and support.
Sincerely,
Pedro Borges Fiol, MBA
About our US public company:
PANAMERSA Corporation is a US public company representing Pan America Sociedad Anonima (MMVII) PANAMERSA business enterprises that assist & promote the commercial integration of Latin America into the economic development of Pan America (the Western Hemisphere), while protecting our Forests, Flora, Fauna & Water resources. The company is also engaged in global e-commerce and e-biz Solutions; providing interactive e-commerce and e-biz programs, on line at: www.panamersa.com; and www.panamersa.net; and a free email service for members of IHUB (www.investorshub.com) and other qualified persons.
The information contained herein may include or be based on forward-looking statements. Such statements represent management's forecasts, assumptions or expectations of future events. Forward-looking statements are not based on historical fact nor are they guarantees of future performance or results. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are made in good faith but are subject to risks and uncertainties beyond the Company's reasonable control which could cause the results of operations to differ materially from those provided in these statements. All forward-looking statements relate only to the date of this document. The Company does not undertake to update or publicly release revisions to forward-looking statements as assumptions and expectations change after the release of this document.
Contact:
PANAMERSA Corporation
Mike Terrell, 214-774-4870
Source: PANAMERSA Corporation
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