When was this article? It says PDR trading begins in 30 days.
PANAMERSA Corporation (PNMS) and DESIMPLEX to Provide Trading Platform for PDR Exchange (Panama), Inc.
PANAMERSA Corporation (PINKSHEETS: PNMS) and DESIMPLEX today announced an agreement to provide the infrastructure for the operating systems and software for the new, worldwide trading platform for PDR Exchange (Panama), Inc. This will establish the means necessary for the exchange to be functional and trading on a 24/7 basis. Beta testing is now being completed, and projected gross revenues from this venture are estimated at $271 million over the next five years.
The establishment of PDR Exchange (Panama), Inc. is officially complete and trading should begin within a 30-day timeframe, said Mike Terrell, CEO of PANAMERSA Corporation (PINKSHEETS: PNMS). Once the site is live, it will provide a trading platform for Pan American Depository Receipts (PDR) that is always open and available worldwide to beneficiaries of Fundacion Pan America.
The partnership of PANAMERSA Corporation with DESIMPLEX and their involvement with PDR Exchange (Panama), Inc. is a groundbreaking endeavor. While American Depository Receipts (ADR) are commonplace and allow Americans to participate in offshore companies, PDRs will provide an opportunity to participate in the growth of Latin America and the western hemisphere, while maintaining a beneficiary's privacy.
"When I was invited to be part of this endeavor, I thought it was a very interesting project from a business point of view, but when I saw the inner workings, I got committed," said Manuel Gonzalez Puron, director vice-president of PANAMERSA Corporation's America III region. "Everyone wants to be part of history, and I believe this effort to integrate Latin America is our chance to bring our legacy back to life."
Added Puron, "PDRs are an effort of a group of people from different Pan-American countries. I hope the rest of the world can understand that PDRs are and will be an instrument to unite, and it will not be the last to come. The birth of PDRs is only an example of everything we can do together."
Note: A PDR is a Pan American Depository Receipt issued by Fundacion Pan America and available to beneficiaries of the foundation.
PANAMERSA Corporation (PINKSHEETS: PNMS) is a holding company for a group of business enterprises which promotes 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.
DESIMPLEX, a solutions supplier, specializes in the development of software to facilitate the automation processes of control management. DESIMPLEX offers products to streamline the areas of performance evaluation, surveys and questionnaires, financial consolidation and accounting. The company is a result of the combined experience of more than ten senior consultants who understand the needs of clients. Solutions are easy to use and offer simple implementation, while maintaining high functionality. More information can be found at www.desimplex.com.
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.
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