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Foundation Announces New Projects and Start of Trading on PDR Exchange
Market Wire - May 21, 2007 2:36 PM ET
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Mike Terrell, council member for Fundacion Pan America, representing the North America region, today announced new projects in the works for the foundation along with the completion of beta testing for PDR Exchange (Panama), Inc.'s official trading site.
"We continue to add amazing projects to our portfolio that promote sense of belonging to all Pan Americans, excite our investors, attract new investors and promote the commercial integration of Latin America into the economic development of the Western Hemisphere and the rest of the world," said Terrell.
PANAMERSA IV Sociedad Anonima has been added to the foundation as an operating company. PANAMERSA IV will convey 3500 Hectors of mineral reserves and one million troy ounces of gold to the foundation, bringing more than $700 million in assets to the foundation.
DESIMPLEX, a PANAMERSA Corporation (PINKSHEETS: PNMS) partner company, is currently in negotiations with the Ecuadorian government to provide VISUALIZDOR, a new software designed to assist in controlling mineral reserves.
The Republic of Guatemala conveyed an additional 3,660 Hectares of Microforests
And in the Estados Unidos de Mejico 42,000 Hectares of Microforests
In addition to the new operating company and announcements above, Fundacion Pan America will also add two companies that will begin trading on the PDR Exchange platform beginning in June. These companies include:
-- The Pan-American Commerce Group (PCG) is a regional insurance and
reinsurance company, which has developed a suite of new products to "insure
the commercial integration of Latin America" and also an "Investment
Reinsurance product."
-- Lineas Aereas Pan-Americanas (Pan-American Airlines), a new, regional
airline company headquartered in Bolivia serving the commercial integration
of Latin America.
Two additional South American companies are joining with PDR Exchange (Panama), Inc. to provide investment opportunities to the foundation's beneficiaries. These include:
-- Republica Bolivariana de Venezuela, an operating company expediting
future buyouts through the exchange, and
-- El Bono Pan American, offering Pan American bonds through the exchange
similar to Israel bonds.
More announcements will be coming as progress is made and information becomes available, including an operating company for international offshore drilling, additional Microforest acreage, and new projects to boost growth and trading within PDR Exchange (Panama), Inc. and Fundacion Pan America.
Contact:
Investor Relations
214-774-4870
ir@panamersa.com
Market News First
Angela Junell
214-461-3411
ajunell@MN1.com
SOURCE: Fundacion Pan America
mailto:ir@panamersa.com
mailto:ajunell@MN1.com