PayPro Incorporated Revenues up 440% Wednesday September 13, 12:32 pm ET
DALLAS--(BUSINESS WIRE)--Sept. 13, 2006--PayPro Incorporated Posts Revenues of $11,493,118, up 440%. The Company posted its financial results today for the year-to-date ending June 30, 2006, which showed a 440% gain in revenue of $11,493,118 compared to $2,614,191 in revenues for the same period ending June 30, 2005. The financial results also showed a net income of $320,419 for the six months ending June 30, 2006, which is an increase of 231% over the same period ending June 30, 2005.
Management plans to continue to grow revenue and profits through joint ventures, acquisition and/or investment in Pan-American companies and infrastructure projects in Panama, Costa Rica, Mexico, Venezuela and the Caribbean. The Company has a main office in the U.S. and representative offices in Costa Rica and Panama.
About PayPro Incorporated.
PayPro Incorporated (Pink Sheets:PYPR - News) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ON LINE as follows:
Visa prepaid cards; e-commerce merchant accounts; Life insurance policies; Gold transactions; Telephony services, text messenger, VoIP; Micro forests properties; Real estate investment participations, fixed and variable income: Real estate properties, Costa Rica and Panama; Offshore financial services, asset management and protection; Travel services, leisure, business, health, and relocation; Digital marketing services.
In addition:
Pay Pro Incorporated introduces the FUNDACION PAYPRO FOUNDATION and the Pay Pro Depository Receipt ("P D R")
A PDR (PayPro Depository Receipt) is a dollar-denominated negotiable certificate, issued outside the U.S., which represents ownership of shares in a U.S. publicly traded company registered as PayPro, INC., a Nevada Corporation. The structure of a PDR includes a ratio, which correlates with the amount of PayPro shares to the receipt. A PDR can be cancelled for its underlying shares at any time.
PDRs are exclusively for PayPro Beneficiaries. They are issued by FUNDACION PAYPRO, a Panamanian Private Interest Foundation constituted in accordance with Law 25, of 25th June 1995 of the Republic of Panama. The foundation acts as depository and clearing house for PayPro shares and holds such shares in safekeeping on behalf of and for the benefit of its Beneficiaries, which may be legal entities or natural persons of good standing.
Forward-Looking Statements is not historical fact 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: PayPro Incorporated, Dallas Mike Terrell, 214-774-4870
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-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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DALLAS, Sep 13, 2006 (BUSINESS WIRE) -- Insert after third graph of release: PayPro, Inc will begin offering online to non US citizens only restricted shares in blocks of 10,000 for $100 or .01 through the Fundacion PayPro Foundation. They will issue A PDR (see below).
The corrected release reads:
PAYPRO INCORPORATED REVENUES UP 440%
PayPro Incorporated Posts Revenues of $11,493,118, up 440%.
The Company posted its financial results today for the year-to-date ending June 30, 2006, which showed a 440% gain in revenue of $11,493,118 compared to $2,614,191 in revenues for the same period ending June 30, 2005. The financial results also showed a net income of $320,419 for the six months ending June 30, 2006, which is an increase of 231% over the same period ending June 30, 2005.
Management plans to continue to grow revenue and profits through joint ventures, acquisition and/or investment in Pan-American companies and infrastructure projects in Panama, Costa Rica, Mexico, Venezuela and the Caribbean. The Company has a main office in the U.S. and representative offices in Costa Rica and Panama.
PayPro, Inc. will begin offering online to non US citizens only restricted shares in blocks of 10,000 for $100 or .01 through the Fundacion PayPro Foundation. They will issue A PDR (see below).
posted
If they're restricted then they would not be in the public float since they would not be tradeable. If they were to become tradeable then the seller would need the pps to be at $.01 per share to break even.
Posts: 9 | From: Texas | Registered: Apr 2006
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posted
Just looking at the revenues alone says that this company should be trading higher than .0007. It's a flyer but I bought some at .0007 to see what happens. Just think it's got more going that many other .000's.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
I emailed them last night. Below is their reply.
From: PayProInfo*aol.com [mailto:PayProInfo*aol.com] Sent: Wednesday, September 13, 2006 11:04 PM To: Shaun Leverett Subject: Re: Investor Questions
1.New website is almost finished probably next week on the un veiling
2.If you look at the press release of today we have expanded to a lot more than cards although cards are a major part of our business.
3. 2.4 billion approx
From: Shaun Leverett Sent: Wednesday, September 13, 2006 9:29 PM To: PayProInfo*aol.com Subject: Investor Questions
Hello,
I am a new investor and am considering expanding my position.
Questions: 1. Do you have a website? 2. Specifically, what are your sources of income? I went to the mybankcard website and none of the links to sign up or manage an existing account work? The $11M in revenues is great (congratulations). Just wondering where they came from? 3. What is the current public float of the stock.
Today’s Price Performance as of 10:02am EDT, 9/14/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0006 Last Price 0.0001 -14.29% Today’s Change $0.0007 Today’s Open 8,586,926 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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