PANAMERSA Corporation (PNMS) Announces Fourth Quarter Audit Almost Complete
Market Wire "US Press Releases "
DALLAS, TX and PANAMA CITY, PANAMA -- (MARKET WIRE) -- 02/22/07 -- PANAMERSA Corporation (PINKSHEETS: PNMS) in an effort to qualify for the OTCBB will release Audited Fourth Quarter Financials of its off shore companies on March 15th confirming the increases in earnings and cash flow, CEO Mike Terrell announced today.
"We know our numbers are strong and I would like for investors to feel confident in their decision to invest with us as a holdings company," said Terrell. "This audit will confirm the amounts PANAMERSA Corporation holds in the bank, while also putting any questions about earnings released last week to rest."
Fourth quarter earnings for 2006, released earlier this month, 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.
All 2006 numbers derived offshore will be certified with financial institutions in Latin America, where PANAMERSA Corporation derived the majority of their profits. Monies that PANAMERSA Corporation holds in Latin America, including a sum of $19,888,475.00 will also be certified.
"I will be in Panama next week to ensure that the numbers we present to our investors are certified and delivered from an unbiased source," said Terrell. "Certified Audit documents will be available on our Web site no later than March 15th 2007."
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.
Contact:
Mike Terrell
214-774-4870
ir@panamersa.com
