American Green Inc (ERBB)

[neilbolton]

Panpacific Business Limited

I really thought that there may be something to this deal, but I am not too sure after doing 60 minutes of research.

The address, phone and fax number that Panpacific Business Limited give are the same as that of a company called Victoria And Grey Asset Company Limited which claims to be a private fund that specializes in the purchase of bad debts. When I searched on that company, I just got 1 match (just 1) on the web and that was their company website.

http://vicandgrey.com/

They list "John T. Martin" as their CEO, although I do not think he is related to the following company, D.P. Martin & Associates.

Panpacific lists D.P. Martin & Associates as its Chief Financial Advisor (International). When you go to that company's website you get "This site under construction".

When I search Google using (in quotes) "panpacific business limited" there are 425 matches, which all boil down to just 2 deals.

The first is a proposed merger with Clean Energy Combustion Systems. It turns out that D.P. Martin & Associates is the Investor Relations for Clean Energy.

Furthermore, searching on "D.P. Martin & Associates" finds that they have been cited by the FCC for sending unsolicited advertising via faxes. Not a big deal, but nonetheless not positive.

http://www.fcc.gov/eb/Orders/2006/DA-06-1273A1.html

The other deal that the 425 matches for Panpacific relate to are for Wolfman Jack Entertainment (Hong Kong) LTD.

http://www.reuters.com/article/pressRelease/idUS160931+12-Feb-2008+MW20080212

However, a search of that company, apart from matches that are about the company itself, all relate to that deal with Panpacific.

Going back to the Panpacific website. In addition to listing D.P. Martin as its financial advisor, it lists as partners: INspire Media GroupLimited and True Colour Advertising Co. Ltd. It lists the clients of both of these companies and they include major worlwide names, such as McDonalds and Coca Cola.

But when you do a web search on "INspire Media GroupLimited", you get just one match, and that is the one in the Panpacific partner page. When you search on "True Colour Advertising Co. Ltd.", you get just one match also. The same Panpacific partner page.

So my initial enthusiasm has been very much dampened by just 1 hour of research. I would urge investors to show enormous caution. It is odd that when searching a little deeper into Panpacific, there seems to be nothing of substance behind it.