Bobby, something really smells bad here. The financial statements indicate that revenues and net profit has exploded. The figures are nearly too good to be true. I took a look at the financial statements and the stock price should increase dramatically now that this has been made public. I would still take a nice profit when it happens. This just does not smell right. The SEC was not mentioned and show no filings that I could find for this company.
PANAMERSA Corporation's 2006 Financials Are Now Officially Certified
PANAMA CITY, Apr 02, 2007 (MARKET WIRE via COMTEX) -- PANAMERSA Corporation (PINKSHEETS: PNMS) received the official certification of the audited financials, which confirm the liquid assets ending December 31, 2006, CEO Mike Terrell announced today from Central America, and will be posted on PANAMERSA Corporation's Web site upon his return this week.
"I know there has been a delay in delivering the legal certification document, but it is as I have stated for several months now, the numbers are the same as the numbers released in February, but they are now certified by the fiscal and the external auditors as true and correct," said Terrell. "The numbers are strong and show our growth as a business, and the certification now confirms the monies that PANAMERSA Corporation held as of 12/31/2006."
Fourth quarter earnings for 2006, as released in February and now certified, show posted net earnings over third quarter 2006 at an increase of 545 percent. Annual revenues rose to $46.4 million and year-end net profits showed $27.4 million. Released numbers also reflect PANAMERSA Corporation's acquisitions producing and receivables current.
Fiscal Bernal Murillo Vargas
Licensed Auditor Alexander Viquez Herrera
AI
