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PANAMERSA Corporation
Announces New Symbol (PNMS) Coupled With a 545% Increase in
Fourth Quarter Net Earnings 2007 Earnings Expected to Pick
Up Momentum and Remain Strong All Year Feb 16, 2007 9:51:00
AM DALLAS, TX and PANAMA CITY -- (MARKET WIRE) -- 02/16/07
-- PANAMERSA Corporation announces new symbol (PINKSHEETS:
PNMS). The change became official today and will allow
investors to trade under the new symbol beginning at the
opening bell.
"I have watched this company grow
exponentially over the last year," said Mike Terrell,
PANAMERSA Corporation CEO. "This change will allow us to
invest further in infrastructure projects by giving us a name
that more correctly meets our mission. We feel the growth we
have seen recently is only the tip of the iceberg."
Fourth quarter earnings for 2006, released yesterday,
show posted net earnings over third quarter 2006 at an
increase of 545 percent. Annual revenues rose to $46.4 million
and year-end net profits showed $27.4 million. Released
numbers also reflect PANAMERSA Corporation's acquisitions
producing and receivables current. This name change is
expected to strengthen PANAMERSA Corporation's position in the
market as new opportunities continue to arrive daily and a
solid foundation is built to increase numbers even further in
2007.
PANAMERSA Corporation is a group of dynamic,
forward-looking business entities dedicated to assisting in
the commercial integration of Latin America into the economic
development of the western hemisphere, Pan-America and the
rest of the world. Strategy includes investments in
Pan-American companies and infrastructure projects in Panama,
Costa Rica, Mexico, Venezuela, Ecuador and the Caribbean. The
company's vision is to provide infrastructure while protecting
the Earth's flora, fauna and water resources, promoting
individual commitment to carbon neutrality status and
sponsoring MicroForests in a fight against global warming.
Recent announcements in acquisitions and mergers
include the development of a mega-tourist project, Port SAE La
Fortaleza, and a joint venture with DESIMPLEX. PANAMERSA
Corporation, through Fundacion Pan America, is authorized to
serve as a depository for financial assets and create a
convenient, secure way for clients to arrange a secure
financial future for themselves and their successors.
"We continue to add new investment opportunities that
aid in the growth of PANAMERSA Corporation," said Terrell. "I
am excited to see what the future holds, as we invest in
surefire opportunities with mature companies throughout
Pan-America."
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, MicroForests 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.