PANAMERSA Corporation/PayPro Inc. Fourth Quarter Net Earnings Up 545 Percent Over Third Quarter
PANAMERSA Corporation/PayPro Inc. Fourth Quarter
Net Earnings Up 545 Percent Over Third Quarter
FEBRUARY 15, 2007 – DALLAS & PANAMA CITY, PANAMA – PANAMERSA Corporation/Pay Pro Inc. (Pink Sheets: 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 Terrell. “I expect to see this trend increase even more now that we have our foundation solidified 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.
For more information please visit www.panamersa.com.
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