Eagle Worldwide Inc.(fka ELWD)

[DeepBlue1]

But, of course, this is probably all too complicated for the average investor to understand.


On October 9th, 2006, Paypro decided to further pursue the expansion in Latin America with the purchase of Ebiz Finance Savings & Loan. This purchase is very interesting for several reasons:

1. Ebiz was said to be the only Panamanian corporation that was allowed to do business online at the time.

2. Ebiz specializes in procuring microloans in a region where small loans can change people's lives (the reason why Muhammad Yunus received the Nobel Peace Prize last year for developing the whole concept, see: http://www.chicagotribune.com/news/nationworld/chi-0610140237oct14,1,3952805.story or http://www.usatoday.com/money/world/2006-11-26-yunus-usat_x.htm ).
***Interestingly, the Nobel Peace Prize for developing the microloan concept was announced four days later on October 13, 2006. And, this is presently one of the bigger banking movements of the past few years because it helps the poor and promises larger returns, similar to sub-prime mortgages, but on a much smaller scale.

3. The concept goes hand in hand with Paypro's business model of issuing funds on debit cards, as they can integrate the two and issue the loan on a debit card.

4. And, the combined concept allows them to expand upon their corporate manifest of bringing banking to poor Pan Americans. With this concept in place, they have the business front and tools by which to issue debit cards that will hold money like a bank account and function like a debit/credit card to individuals who previous could not receive either a bank account or a credit card; and it allows them to issue loans to these same unfortunate people (although, unfortunate for them and fortunate for us, the interest rate on the loan is ~22%).


Now do you understand?
BTW...no charge for that 5 minutes worth of DD that was apparently "too complicated for the average investor."