This is off the Disimplex website. There is no way this big of a deal is a verbal contract. Quit making things up.
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NEWS AND EVENTS
FOR IMMEDIATE RELEASE
Contact: Mike Terrell, CEO
JOINT VENTURE TO BRING $70 MILLION IN PROJECTED GROWTH ACROSS FOUR-YEAR PERIOD
FEBRUARY 12, 2007 - PANAMA CITY PANAMA -
DESIMPLEX is pleased to announce their new joint venture with PANAMERSA Corporation/PayPro Incorporated (Pink Sheets: PYPR), a holding company promoting the commercial integration of Latin America into the economic development of the Western Hemisphere. This partnership, expected to bring future revenue of $70 million in the next four years, is an exciting venture for both companies involved.
"This joint venture will make it possible for us to realize the growth in services we want to provide to our clients," said DESIMPLEX CEO Juan Carlos Rodríguez Contreras. "Our offices are primed to help us create new product and generate higher sales of our product lines, HOLDING®, PENSUM® AND VISUALIZA®
With corporate headquarters in Panama and office locations in three international cities, DESIMPLEX, along with their sales organization EIS Consulting, is currently providing software solutions to Latin American and European clients with a second phase of growth moving them into the US and Canadian markets. DESIMPLEX products are based on high quality technology, customization of processes for the client, and the best practices for solutions in software engineering. Growth is anticipated to move into five continents with two released product versions per year and a new product line every year for the first five years of growth.
DESIMPLEX currently provides solutions to many clients, including Banco Continental de Panamá, Scotiabank, Bladex, Global Bank, Banistmo, Paribas, Cuscatlan, Banco Mercantil (Venezuela), Banco del Caribe (Venezuela), Banesco (Venezuela), Telefónica de Panamá, Petróleos Delta, Nestlé, Cable & Wireless and employs more than a hundred people, thirthy of which are involved in research and development, expected to bring future 500 partner. Consultants involved with DESIMPLEX hold more than twenty years of experience and have worked across the globe, most notably in a research capacity at some of the largest corporations in Spain, Venezuela, Hong Kong, Chile, Italy, Panama and the U.S.
"PANAMERSA is excited to join with DESIMPLEX," said PANAMERSA CEO Mike Terrell. "Their commitment to the Latin American market is in line with our missions and beliefs and furthers our opportunities to faster growth while creating sustainable protection of the Earth's flora, fauna and water resources."
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