PANAMERSA Corporation/PayPro, Inc. and Port SAE Productions, from Barcelona, Catalunya, Spain, Signed an "Economic Interest Association Agreement" to Develop PORT SAE, La Fortaleza, a Tourist Theme Park Pentapolis by the Ocean

Business Wire, Dec 4, 2006

DALLAS & PANAMA CITY, Republic of Panama -- Micheal Scott Terrell, President of PANAMERSA Corporation/PayPro, Inc, a US Public Company, based in Dallas, Texas, U.S.A., and "JORDI" Jorge Gimenez Huguet, author and founder of Port SAE Productions, from Barcelona, Catalunya, Spain, signed an "Economic Interest Association Agreement" ("A.I.E. in Spanish") to coordinate, to promote, to develop and to build "Port SAE, La Fortaleza" in one of PANAMERSA[sup.3]s operating regions, to be disclosed at a later release.

Port SAE La Fortaleza is a mega-tourist project within the industry category of "Theme Park" where all the components are located within a PENTAPOLIS, a five borough theme city including seaport and marina built in accord to a colonial styled theme of the XVI century; where, residents or visitors can feel and enjoy the sensation of living in unforgettable days of the era of fortress cities totally inspired and built in natural surroundings, mute witnesses of the History of Pirates.

Port SAE, La Fortaleza is a flagship project for all the Pan-American countries involved in such historic legacy. It is an original offering, an exclusive international undertaking based on the fantasy of living, staying, visiting and enjoying the fantasy of the "Pirate Kid" we all

carry inside.

"JORDI", the author and founder said, "After traveling throughout all the different areas in the Caribbean, Central America, Panama and South America, enjoying all the natural surroundings and underwater scenarios, where this legacy was created and all this history was written in blood ... I was inspired to write the rebirth of the era, in the same historical sites where it took place ... the pirates being the inhabitants of the areas where these multiple legends of battles occurred ... and treasures that until today have not been found and are waiting."

Port SAE Productions is a Real Estate Development entity from Spain. This R.E.D. business entity is made up of professionals working with the author "JORDI" and PANAMERSA, to carry out the planning and execution of the business, legal and financial aspects of this project.

Our objective: To Coordinate, to Consolidate and to Offer a unique scenario to all those multi-national business entities that have, common goals and commercial affinity to promote their goods and services based on the legacy and history of past world pirates.

Our team of professionals have recovered and restored the archives, works of art and historic legacy about the pirates in all countries that witnessed this legacy. We have compiled all this invaluable information exposing all deeds and actions carried out by this unique breed of persons that made history. It is all documented in Paginas-Negras Archives, it can be looked at www.port-sae.com http://paginas-negras.com.

Port SAE, La FortalezaC*a PENTAPOLIS by the Ocean consists of 100 hectares, 247.11 acres or 1.000.018,7 m distributed as follows:

I.- MicroForests, forty nine (49) hectares equivalent to 490,000 m, "A family's way to become Carbon Neutral, to save Mother Earth"

II.- The PENTAPOLIS, fifty one (51) hectares equivalent to 521,000 m, as follows:

* Refugios Los Proscritos: Six Hundred and Fifty (650) Condominiums distributed in five (5) design categories.

* El Puerto: Sea Port and Marina, re-creating XVI Century theme.

* El FortE n: a "Five Cutlass" Hotels & Casino with Four Hundred and Fifty (450) rooms, marketplace, La Hacienda y La Ermita.

* Pirata Park: Playground and related amusement activities for collective participation.

* Las Guaridas: Five World Class Villas for: Port Sae, La Fortaleza Sponsors.