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PYPR (.0027) Fourth Quarter Net Earnings Up 545 Percent Over Third Quarter
Market Wire "US Press Releases "
DALLAS, TX and PANAMA CITY, PANAMA -- (MARKET WIRE) -- 02/15/07 -- PANAMERSA Corporation/PayPro Inc. (PINKSHEETS: PYPR) released their fourth quarter financials today and posted net earnings up 545% over third quarter net earnings for 2006. Actual net earnings for fourth quarter exceeded projections of a 400 percent increase announced December 11, 2006.
"We are excited about the steady rate at which we continue to grow," said Mike Terrell, President of PANAMERSA Corporation/PayPro Inc. "I expect to see this trend increase even more now that we have our foundation solidified and are just starting to execute our business plan. I am extremely pleased to be a part of the amazing grouping of companies that PANAMERSA holds."
Fourth quarter net earnings were $21.6 million verses third quarter net earnings of $3.9 million, with annual revenues of $46.4 million and year end net profits of $27.4 million.
"While we are happy to see these numbers, we are committed to becoming a fully reporting company on our way to becoming a NASDAQ listed company," added Terrell.
PANAMERSA Corporation/PayPro Incorporated (PINKSHEETS: PYPR) 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/PayPro Incorporated 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.
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