| [September 13, 2006] |
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INSERTING and REPLACING PayPro Incorporated Revenues up 440%
DALLAS --(Business Wire)-- Sept. 13, 2006 -- 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).
About PayPro Incorporated.
PayPro Incorporated (Pink Sheets:PYPR) 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.
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