I know this is old but it gave me a chuckle reading all the B.S.
June 25, 2007 - 8:04 PM EDT
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PANAMERSA Opens PDR Exchange, Beneficiaries Bring Huge Showing within the First Weekend
PANAMERSA Opens PDR Exchange, Beneficiaries Bring Huge Showing within the First Weekend
DALLAS & PANAMA CITY, PANAMA, June 25 /CNW/ - PDR Exchange (Panama), Inc. is now open to beneficiaries for trading, announced PANAMERSA Corporation (Pink Sheets: PNMS) CEO Mike Terrell. Trading opened at 5 p.m. CST, Friday with 5,731 PDRs traded throughout weekend at an average of $118.00 each, representing more than 57 million shares of PNMS stock at $0.018 per share. The Exchange is open 24/7.
"Today marks the beginning of a new level of trading and wealth management through the PDR Exchange (Panama), Inc. trading site," added Terrell "Through the foundation, the exchange is able to provide a safe haven for investors, while allowing beneficiaries the ability to trade free of market manipulation."
While American Depository Receipts (ADR) are commonplace and allow Americans to participate in offshore entities, Pan American Depository Receipts (PDR) provide opportunities for people unilaterally to participate in the growth and economic integration of Latin America into the western hemisphere and the world. Membership in Fundacion Pan America is required prior to participation; however, once an account is established through the Fundacion it can be used as an asset depository. As with any depository Fundacion, bank or IRA, a member will be issued a receipts (PDRs for assets held within Fundacion Pan America. Membership is for individuals, legal entities, or governments in good standing).
"This is the day we have been waiting for. The global investment community will now see the power of PDRs and the economic boom of Latin America," said Fundacion Pan America Protector Pedro Borges Fiol.
Fundacion Pan America holds multiple entities, with many already being traded on PDR Exchange (Panama), Inc. Operating companies include:
Bella Vista Developments - REIT
Corporacion de Desarrollo Pan America CODEPA, S.A. Bono Pan America Bond
Corporacion MonyCard, S.A.
Cruceros del Caribe, S.A.
Grupo Pan Americano de Seguros, S.A.
Lineas Aereas Panamericanas LAP, S.A.
PANAFIN Internacional, S.A.
PANAMERSA Corporation (PNMS)
PANAMERSA IV Ecuador, S.A.
Pan America (MMVII) Sociedad Anonima PANAMERSA Pan America IV Venezuela, S.A.
Pan America IV Colombia, S.A.
Pay Pro LATAM Sociedad Anonima
Port- Sae Productions Sociedad Anonima
Through the PDR Exchange, beneficiaries of Fundacion Pan America are also able to make investments in the ecological future through MicroForest investments. These investments include preserved land in Guatemala, Ecuador, Colombia, Venezuela and that COROBICI Wildlife Preserve in Costa Rica. More information can be found on PDR Exchange (Panama), Inc.'s home page, www.pdrexchange.com.
PANAMERSA Corporation (PINKSHEETS: PNMS) is a holding company for a group of business enterprises, which promotes the commercial integration of Latin America into the economic development of the Western Hemisphere. PANAMERSA Corporation is engaged in global e-commerce and e-biz solutions offering interactive e-commerce and e-biz programs in addition to a range of goods and services online including: prepaid Debit cards; e-commerce merchant accounts; life insurance policies, gold transactions; telephony services, text messaging, VoIP, Micro Forests properties, real estate investment participations, fixed and variable income real estate properties in Costa Rica and Panama, offshore financial services, asset management and protection; travel services, leisure, business, health, relocation services, and digital marketing services.
Forward-looking statements are not historical facts as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
Source: Canada Newswire (June 25, 2007 - 8:04 PM EDT)
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