November 1st PANAMERSA Corporation will no longer accept PNMS Certificates on behalf of the foundation.
PANAMERSA Corporation Update
October 23rd, 2007
Fall brings a season of welcome change, not only with the weather, but our company as well. As we change and grow, it is important to remember that PANAMERSA is a young company. There will be learning curves, but we continue to learn from the past and set benchmarks for the future.
Many exciting events maintain the sustaining growth for PANAMERSA, Fundacion Pan America and PDR Exchange (Panama), Inc. The foundation continues revolutionary strides with an expansion to include an office in Barcelona, a great accomplishment toward the worldwide acceptance and representation in the ideals of Pan Americanism. PDR Exchange (Panama), Inc. is working to migrate all beneficiary data and will soon re-open with an expanded, updated program, creating an exceptional benefit to all PANAMERSA shareholders.
I continue to receive E-mails from shareholders centered on the PDR exchange and improvement in stock prices. Please recognize that these specific questions are difficult to address because PANAMERSA Corporation, Fundacion Pan America and PDR Exchange (Panama), Inc. operate as separate entities. Therefore, I can only speak on behalf of PANAMERSA Corporation and specific questions related to such. PDR Exchange (Panama), Inc. and the foundation govern when the exchange will re-start and when and how money transfers will begin. Shareholders are invited to visit www.pdrexchange.com for updated news and information regarding the exchange.
Share prices are influenced by many factors: investor confidence, outstanding shares, earnings credibility and delays. As with any company, share price problems are diligently addressed, but solving these issues takes time.
As of today, PNMS stock structure has 5.6 billion shares outstanding, with Fundacion Pan America holding the majority of shares in the form of Pan American Depository Receipts (PDR). The float is measurably large, but is aggressively decreasing as PNMS stock is converted to the PDR exchange.
To continue the decrease, we encourage all shareholders to complete their conversion process by requesting and sending in stock certificates and eventually purchasing PANAMERSA PDRs directly from the exchange. Fundacion Pan America, has been able to offer a guarantee on stock through the purchase of PDRs. The guarantee extended the value of two cents per share in one year and four cents per share if certificates are held within the foundation as a PDR for two years. The offer was made to highlight the exchange, while giving investors a guaranteed 15 to 20 times the amount invested at the current pink sheets price. PANAMERSA Corporation has been accepting Certs and forwarding them on behalf of the Foundation. With the timeline for the release of the new exchange drawing near, as of November 1st PANAMERSA Corporation will no longer accept PNMS Certificates on behalf of the foundation. Please move forward with getting your certificates so that you can be a guaranteed part of this process and contact Theresa Rogers (trogers@panamersa.com) if you have any questions about PDR conversions or any last minute additions you would like to make.
Patience is golden. I am personally addressing all outstanding issues including IRA transfer problems, authorized share numbers and price parity across global markets. I respectfully thank each shareholder for sustained patience as these concerns are addressed. Many positive events are transpiring as we push forward with stronger collaborations. I will update as new projects develop, including planned expansion within the U.S.
My best and good luck to all,
Jim Finegan
PANAMERSA Corporation President and CEO
