Announcement from Fundación Pan América (“FPA”)
May 13th, 2008
Effective May 12th, 2008, “FPA” Council will be presided by Lic. Antonio Iván Mendieta Díaz, a Panamanian citizen, Vice-President and Legal Advisor to Grupo PANAMERSA. As we all know “FPA” is the depository entity for Grupo PANAMERSA.
The Foundation “FPA” main objective is to protect the patrimony of all Pan Americans including pnms:PK beneficiaries and other natural persons, legal and crown entities.
Mr. Micheal Scott Terrell will continue as President and CEO of the PDR Exchange (Panama), Inc. We wish to thank Mr. Terrell for his hard work during his tenure. Moreover, the Protector wishes to explain that this move is to strengthen our legal position covering issues under Law 25 of the 12th of June 1995. The “FPA” and its Council wants to have a solid representation in the event of attacks against the integrity of “FPA”. Grupo PANAMERSA security monitors detected certain information providing us with reasons to believe that certain groups and/or individuals could be planning vicious and infamous attempts against the Pan American patrimony protected by “FPA”.
This decision was carefully analyzed prior to making the changes adding an additional layer of protection to “FPA” protectorate. All beneficiaries are therefore, better secured and protected.
We will continue to inform and update our audience as needed.
Best regards Pan Americans,
Pedro Borges Fiol
Founder and Protector
Fundación Pan América
Pan América News Network
