ALEMAN, CORDERO, GALINDO & LEE.

Director

Subscriber

Agent

• ROXFIELD INVESTMENTS S.A.
• MAFE INV. S.A.
• GQ INVESTMENTS S.A.
• OXBOW HOLDINGS S.A.
• GESTFORD OVERSEAS, S.A.
• T.W.A. S.A.
• SHIPECOM LTD., S.A.
• FINTORRA LTD., S.A.
• FINBOAT GMBH CORP
• TECHSALE GMBH INC.
• BEATSON INC.
• RULINGTON INVESTMENTS S.A.
• MARTUS GMBH CORP.
• DELTIUM LTD., S.A.
• WISCONSIN DAIRY PRODUCTS S.A.
• HOLBORN WORLD ASSOCIATED INC
• VINIMEX INC.
• REEDSPORT HOLDING S.A.
• CASTLETON HOLDING S.A.
• THAXTON INTERNATIONAL INC.,
• ELSBERRY HOLDING S.A.
• SEDNA, INC.
• BOXFORD INVESTMENTS,S.A.
• BOOTHBAY OVERSEAS, S.A.
• CHAMPERY NAVIGATION CORP.
• CAJOU INTERNATIONAL CORP.
• URTEXCO, S.A.
• VICUS CORPORATION
• ULTRAMAR INTERNATIONAL INVESTMENT CO., S.A.
• GRADEL ASSOCIATES INC.
• PRIMAVERA COMPANY S.A.
• FERTICA, S.A.
• ELBERFELD TRADING, S.A.
• BODEGAS INTERNACIONALES S.A.
• STOCKVILLA CORP.
• KIRKDALE HOLDING S.A.
• MORNINGSIDE OVERSEAS INC.
• GLENVILLE INTERNATIONAL S.A
• GREENPORT HOLDINGS S.A.
• BIORTHO INTEROCEANIC BUSINESS INC.
• ST. GEORGES BANK & COMPANY INC. ST. GEORGES BANK
• ZENON PROPERTIES S.A.
• OCEAN SURVEY S.A.
• GRANDTAL INC.
• HAULIFF INC.
• MESSEL HOLDINGS S.A.
• BRIER ENTERPRISES S.A.
• LAM-TELCO INC.
• VINTAGE OVERSEAS S.A.
• TABO FINANCE CORPORATION
• ICS HOLDING S.A.
• ARION EQUESTRIAN INC.
• BENFELD TRADING S.A.
• TRADE WORD CORP.
• ALPHA INTERACTIVE INC.
• CARIBBEAN TECHNICAL IMPORTS (CARTEIM) LTD S.A.
• TRI-ST OVERSEAS INC, S.A.
• BURWELL INVESTMENTS CORP
• STONEHAGEN SIX INC
• STONEHAGEN FOUR INC
• SELBROOK INTERNATIONAL S.A.
• GAMBELL INVESTMENTS INC
• NUGGET INVESTMENTS INC.
• HALWILL HOLDINGS INC
• CSI INC.,
• B, S.A.
• TRICON ENERGY INC.
• ESCAZU, S.A.
• DINIMAR CORP.
• SUNSHINE REAL ESTATE & CONSULTING INC..,
• ORINOQUIA TRADING , S.A.
• CLOVER OVERSEAS CORP.
• DALINGTON INVESTMENTS CORP.
• DUFFTON INTERNATIONAL INC.
• KINLET OVERSEAS INC.
• CITADELA FINANCE S.A.
• GIBEL OVERSEAS INC.
• AVONSIDE HOLDINGS INC. ,
• RUMSEY INVESTMENTS, S.A.
• TECSEFIN CENTROAMERICA S.A.
• GLOBAL FINANCIAL INVESTMENT INC.
• HARCOURT INTERNATIONAL, S.A.
• WORLD CONNECT COMMUNICATION, S.A.
• SUBIC HOLDINGS S.A.
• ROTKO HOLDINGS CORPORATION
• SOLUCEL, COMPAöIA DISTRIBUIDORA DE SERVICIOS,TELECOMUNICACIONES Y CELULAR, S.A.
• NAXXOS SYSTEMS S.A.
• UNIVERSITY FUND INC.
• PRIMELLA INVESTMENT CORPORATION.
• BANFORD PROPERTIES S.A.
• SYMPHONY INTERNATIONAL CORP.
• REPUESTOS PANATRUCK, S.A.
• UNIGEMS CORP.
• MELTON ENTERPRISES INC.
• STOLLER FINANCE S.A.
• DELSEY INVESTMENTS S.A.
• COLTER HOLDINGS S.A.
• MILSBURY INTERNATIONAL INC.
• TRINWAY OVERSEAS S.A.
• FONTANELL TRADING S.A.
• CARGOAZUCAR, S.A.
• ROMI INVESTMENT OVERSEAS CORP.
• H. & D. INTERNATIONAL INC.
• INVERSIONES GAISAY S.A.
• DUQUE DE TARBACA, INC.
• KOGER COMMERCIAL CORP.
• PANAMERICAN MUTUAL INC.
• BANISTMO INVESTMENT FUND INC.
• BANISTMO ASSET MANAGEMENT, INC.
• BIENES Y VALORES S.H. S.A.
• DACAM INVESTMENT, S.A.
• FELTHAM INVESTMENTS, S.A.
• KERVICK INTERNATIONAL INC.
• EQUIPO Y DESARROLLO DE PROYECTOS, S.A.
• INMOBILIARIA LAGOMAR, S.A.
• HAMSTEAD INTERNATIONAL, S.A.
• WOODSIDE INVESTMENTS, S.A.
• NEW CONVENANT FOUNDATION, INC.
• CAMDA INVESTMENT, S.A.
• WESTWOOD OVERSEAS S.A.
• KESSEL INTERNATIONAL, S.A.
• VALKIN TRADING S.A.
• TRANS PACIFIC ENTERPRIZE CO., INC.
• LINKER OVERSEAS S.A.
• CLASSIC GERMANY CORP.
• BANCO UNO, S.A.
• U.S. PRODUCTS IMPORT & EXPORT, S.A.
• SKYMALL TRADING S.A.
• WINSTED HOLDINGS S.A.
• FENWICK OVERSEAS CORP.
• EXCEL INTERNATIONAL TRADING CORP.
• UNIMEDIOS DE CENTRO AMERICA, S.A.
• CARVER INVESTMENT CORP.
• HOLDEN TRADING S.A.
• FALLSTON TRADING S.A.
• INVERSIONES FINANTRAB, S.A.
• BIENES Y VALORES GRANADA, S.A.
• INMOBILIARIA MARESIAS, S.A.
• INVERSIONES JOMEL, S.A.
• INVERMAT, S.A.
• HANSFORD SHIPPING S.A.
• INVERSIONES HILZE S.A.
• WALBACK OVERSEAS S.A.
• RIVERFRONT TRADING, S.A.
• CHESTNUT OVERSEAS, S.A.
• ELWOOD INTERNATIONAL, INC .
• STAFFORD INVESTMENTS, S.A .
• HAVERHILL HOLDINGS INC.
• MAVERICK INTERNATIONAL IN C.
• DENNEX EQUIPOS INDUSTRIALES S.A.
• CONTEL FINANCE INC.
• HALE HOLDING INC.
• COMMODORE TRADING S.A.
• VANLULA INVESTMENT CORP.
• YULITO ENTERPRISES CORP. S.A.
• NORDINA INVESTMENT INC.
• NAUTICA OVERSEAS, S.A.
• NECAL S.A.
• HILLARY ASSETS LTD. S.A.
• INVERSIONES OMNIVISION, S.A.
• BAXLEHY TRADING S.A.
• PUERTO VIEJO MARINA DE YATES S.A.
• GREENSIDE INTERNATIONAL S.A.
• WEXFORD TRADING S.A.
• MONSERRAT SUDAMERICANA S.A.
• E.M.G. S.A.
• PANATRUCK STOP CORPORATION.
• PEN MARR SHOE COMPANY, S.A.
• INVERSIONES PAKATNAMU, S.A.
• TECNICARD DE PANAMA, S.A.
• EAGLE MARKETING S.A.
• SUMMER CORPORATION
• RADCLIFF INTERNATIONAL INC.
• OAKMONT TRADING S.A.
• CASTLEFALL OVERSEAS S.A.
• GREENSIDE OVERSEAS S.A.
• ASHTON INVESTMENTS S.A.
• APOLLO INVESTMENTS LIMITED CORP.
• INTERTRADING SERVICES OVERSEAS INC.
• MB INVESTMENTS INTERNATIONAL CORPORATION.
• CIELITO LINDO S.A.
• BANCSYS (PANAMA), S.A.
• PRO-NATURE PRODUCTS S.A.
• SELMONT OVERSEAS S.A.
• CALLAWAY FINANCE S.A.
• RIVERFALLS INTERNATIONAL INC.
• HAYWOOD INTERNATIONAL S.A.
• BENDALE INVESTMENTS S.A.
• WALCOTT OVERSEAS S.A.
• GRASSTON INVESTMENTS S.A.
• SUD-INVEST S.A.
• ROCHESTER FINANCE S.A.
• MANAGEMENT SERVICES ENTERPRISES S.A. (M.S.E. S.A.).
• INTERNATIONAL FINANCE AND MANAGEMENT S.A.
• RUSIA MOTORS S.A.
• MARTINIR S.A.
• BLAZE INTERNATIONAL INC.
• DENTAL IMPORT, S.A.
• COMTRADE INVESTMENTS S.A.
• FLOWER POWER, S.A.
• U.S. COMPUTERS.
• UNIFAM INVESTMENT, S.A.
• AKUYIKO CORP.
• MFM MACHINERY FOR MILKINDUSTRIES, S.A.
• U.B.A., INC.
• BAYTOWN HOLDING INC.
• MEDINA HOLDING INC.
• EMPORIA TRADING INC.
• GLENVIEW FINANCE CORP.
• AMERICAN TILE DE PANAMA, S.A.
• INVERSIONES LA MARAVILLA, S.A.
• PRODAN, S.A.
• TRANSAMERICA CONSOLIDATORS CARGO INC.
• TESSEL FINANCIAL CORP.
• CORPORACION FINANCIERA ALEGRE, S.A.
• MONTI S.A.
• COASTWAY INTERNATIONAL INC.
• HANSA EXPORT INC.
• MAYBROOK INTERNATIONAL INC.
• OPTIMA TELEMERCADEO CENTROAMERICA INC.
• MADIYU TRADING CORPORATION (MANDICORP).
• R/G ASSOCIATES INC.
• SILVERCIRCLE FINANCIAL CO. S.A.-
• DIRECT MARKETING COMMUNICATION INC.
• RAYVILLE INVESTMENTS INC.
• JOYAS Y RELIQUIAS, S.A.
• WITHAM OVERSEAS, S.A.
• DUTY FREE SELVA S.A.
• HOSPIEQUIP INTERNATIONAL CORP.
• ORAPINE CORPORATION
• AIRBUS INC.
• SKYLINE OVERSEAS, INC.
• MISSION EAST CORP
• RYBNIC ENTERPRISES CORP
• BARTLET INVESTMENTS S.A
• CORPORACION ALTAMIRA,S.A.
• WARBURG INVESTMENTS S.A.
• CORPORACION LAUSANA S.A.-
• EASTON FINANCE INC.
• STOCKWELL INTERNATIONAL INC.
• ASTON RESEARCH S.A. PANAMA
• PRESTWICK FINANCIAL CORP.
• GOLDCREST FILMS INC.
• CORPORACION DE INVERSIONES SARATOGA, S.A.
• COMPAöIA INMOBILIARIA PLAZA CINCUENTENARIO;S.A. -.-
• TARANAKI S.A.
• INVERSIONES DARVAL, S.A.
• SILHANKA INVESTMENT CO. INC.
• RUSSET MANAGEMENT INC
• FIRST CAMBRIDGE HOLDINGS INC.
• SIRAP INVESTMENTS LTD., S.A.
• NORTHVIEW, S.A.
• RESTAN, S.A.
• JAVARES SECURITIES INC.
• SEGUROS DEL MAR, S.A.
• J & A, INC.
• FORTABRA INTERNATIONAL INC.
• MORRISON MANAGEMENT INC.
• OLIVIA HOLDING CORP.
• FILANOL FINANCE S.A.
• BROADHURST CORPORATION
• MEATH INVESTMENT CORPORATION.
• MARY-GIO CORPORATION
• ROVARA CORPORATION.
• DENFIELD INTERNATIONAL S.A.
• PEARL ISLAND LIMITED S.A.
• FRAMEA S.A.
• LANDCHESTER INVESTMENTS S.A.
• BREMENFIELD CORP.
• KELRIGHT OVERSEAS S.A.
• VANAFORD OVERSEAS S.A.
• ASTRAL WINGS(HOLDINGS),INC.