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Re: nyquist post# 91805

Wednesday, 10/17/2007 3:27:18 PM

Wednesday, October 17, 2007 3:27:18 PM

Post# of 114954


October 17, 2007 10:21 AM Eastern Daylight Time
PDR Exchange, Inc. Launches New Software to Further Exchange and Severs Ties with Desimplex and EIS Consulting
PANAMA CITY, Panama--(BUSINESS WIRE)--PDR Exchange (Panama), Inc., has severed ties with Desimplex, a Panamanian software company and EIS Consulting, and is currently in the final stages of launching new software to further enhance the exchange site and trading platform.

“The site Desimplex created was incomplete and was not properly serving our users,” said Mike Terrell, president and general manager of PDR Exchange (Panama), Inc. “I felt that it was in the best interest of all involved to move forward with a plan to create proprietary software to meet the specific needs we require.”

The PDR trading site, www.pdrexchange.com, is available for preview; however, until all data can be migrated and audited, the site will not allow for log-in and trading. PDR Exchange (Panama), Inc. is currently auditing all beneficiary data, adding the new projects and opportunities to the new site, and will issue a release to recommence trading once this process is complete.

“It pains me to have to succumb to more delays, but I feel that voicing the truth is exponentially more important than remaining quiet as we continue to work through issues,” added Terrell. “My primary focus is to make sure the software best meets our needs, and I am personally seeing to that end.”

PDR Exchange, (Panama) Inc. is an operating company of Fundacion Pan America.


Contacts
PDR Exchange, Inc.
Mike Terrell, 214-774-4870


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