PNMS (.0016)Posts First Quarter Net Earnings per Share of $.0065 up 180 Percent Over 2006
Market Wire "US Press Releases "
DALLAS, TX and PANAMA CITY -- (MARKET WIRE) -- 05/21/07 -- PANAMERSA Corporation (PINKSHEETS: PNMS) released first quarter financials on May 15 which showed first quarter net earnings at $36.7 million, a 156.76 percent increase over the previous quarter. First quarter net earnings per share were also posted at $.0065, an increase of 180 percent over 2006.
"I am very proud of what we have accomplished in the last year. Our sustained growth and momentum continue to astonish those who are sitting by as onlookers," said Mike Terrell, CEO of PANAMERSA Corporation. "Through the exciting announcements being made today by our partner foundation, I expect to see these numbers continue to increase due to the holdings and partnerships that PANAMERSA has made."
First quarter net earnings were $36.7 million versus year-end 2006 net earnings of $27.4 million. PANAMERSA Corporation also holds $149.4 million in total assets, including $35.0 million in escrow for future acquisitions and continued growth.
"I continue to be amazed by the undervaluing of our stock. Considering our first quarter earnings per share were $.00652, 434 percent higher than our current price per share (PPS), the market manipulation appears to know no bounds," said Terrell. "It is about to get very interesting, with many new announcements on the horizon."
DESIMPLEX, a partner company of PANAMERSA Corporation, has recently completed trading software for PDR Exchange (Panama), Inc. PANAMERSA now has 12 external BETA testers who will begin testing the trading software today. With these announcements, the exchange is expected to be live and trading by next week.
Indications from pre-opening day PDR bids already received show PDRs representing beneficial ownership of PNMS stock to open at $.01 or more per share. PANAMERSA Corporation shareholders have begun requesting their stock certificates and PANAMERSA Corporation will continue to help shareholders in any way possible to ensure every shareholder who requests certificates is able to receive them.
For more information on earnings projections or to see a complete overview of company earnings and assets, please visit www.panamersa.com.
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. For more information, please visit www.panamersa.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.
Contact:
Investor Relations
214-774-4870
ir@panamersa.com
