ALVARO ALFREDO ARIAS

Director

• CARILU INVESTMENTS, S.A.
• BERACA INTERNACIONAL, S.A.
• CORPORACION CAYO HUESO, S.A.
• BIENES IDEAL, S.A.
• AAM HOLDINGS INC.
• CORPORACION LOS PERROS, S.A.
• TENEDORA DE ARRENDAMIENTOS, S. A. (TASA)
• IDEAL BRANDS, INC.
• FRANQUICIAS SUPERIOR, S.A.
• CARNATION HOLDING CORP.
• GARSA CAPITAL CORP.
• CEDAR PINE INC
• GRUPO ALIMENTICIO IDEAL, S.A.
• CRICAL S. A.
• AGENCIAS ASA POSTERS, S.A.
• PACIFIC PULP & PAPER INC.
• ARAMO EUROPA INC
• INVERSIONISTA CHAROMAR, S.A
• INVERSIONES GABANICO S.A.
• REPRESENTACIONES ASA POSTERS PANAMA S.A.
• GUAYNABO HOLDINGS INC.
• LA RINCONADA, S.A.
• OPERADORES AEREOS, S.A.
• LOS URALES S.A
• INMOBILIARIA MAGICA S.A.
• LA BAJADA DEL VALLE, S.A.
• DESARROLLO MARFIL, S.A.
• DESARROLLO JADE, S.A.
• SERVICENTRO VILLA DE LAS FUENTES, S.A.
• ASA POSTERS (PANAMA) S.A.
• ROTULOS Y VALLAS, S.A. (ROVASA).
• INVERSIONES LEOCAL, S.A.
• EMPRESA FILATELICA Y NUMISMATICA, S.A.
• BIENES RAICES GUARISA, S.A.
• GENERAL TRADES AND SERVICES (G.T.S.) S.A.
• PW REAL ESTATE CORP.
• PW BUSINESS CORP.
• ARAMO FIDUCIARY SERVICES, INC.

Subscriber

• NEARNAVE, S.A.
• FRELU INVESTMENTS, S.A.
• VANELIZ INVESTMENTS, S.A.
• KOKE INVESTMENT CORPORATION
• AAM HOLDINGS INC.
• ARAMO EUROPA INC
• CORPORACION APPIA, S.A.
• CORPORACION ANZAC, S.A.
• CORPORACION TATICA S.A.
• CORPORACION TEMI, S.A.
• INVERSIONISTA LITAMAR, S.A.
• CORPORACION LIMAR, S.A.
• INVERSIONISTA LITATERE, S.A.
• MANECORE INC.
• BAREPLAY CORPORATION
• BALDSKI CORPORATION
• SHEERGOLD CORPORATION.
• BARONELLA CORPORATION
• ASSERT HOLDING CORP.
• TRICARE CORPORATION.
• EXTRA HOLDING CORP.
• MAXKEY CORPORATION
• FLORIDIAN REAL ESTATE INC.
• DOWRY CORPORATION
• CORALBURY FINANCE CORPORATION
• DESTAR CORPORATION
• EXTRAVALE CORPORATION
• MAXELL LATIN AMERICA, S.A.
• PUNTA BARCO RESORT, INC.
• MAXROSS CORPORATION.
• XXI CENTURY HOLDING CORP.
• RADIAL ENGINEERING INC.
• BANCO FEDPA, S.A.
• MUSMANNI CORP. INC.
• DEPOSITOS DE PETROLEO, S.A.
• UNITED CIRCLE INC.
• VECTOR TELECOM INC.
• CARLES, S.A.
• PRO.BODY S.A.
• A.C.T. INC.
• HESHVON, INC.
• CASH TRANSFER DE PANAMA, S.A.
• S.B.T. INC.
• A.B.C. COMMUNICATIONS, INC.
• SOCIEDAD UNO COCO SOLO S.A.
• SOCIEDAD DOS COCO SOLO S.A.
• SOCIEDAD TRES COCO SOLO S.A.
• SOCIEDAD CUATRO COCO SOLOS.A.
• SOCIEDAD CINCO COCO SOLO S.A.
• SOCIEDAD SEIS COCO SOLO S.A.
• SOCIEDAD SIETE COCO SOLO S.A.
• SOCIEDAD OCHO COCO SOLO S.A.
• B.T.& T. INC.
• AFITA INC.
• STRATEGIC MKT CORP.
• SANCEAL CORP.
• CANYON INVESTMENTS INC.
• BANGUI, S.A.
• ALCORP S.A.
• CORPORACION VIRREY, S.A.
• CORPORACION VALVIVIA, S. A.
• BILMA, S.A.
• CORPORACION MONTEVIDEO S.A.
• ALIMAR, S.A.
• BAMBARI, S.A.
• CORPORACION VIöAMAR, S..A
• IMPTY S.A.
• A.M.P. CONSULTING CORP.
• INMOBILIARIA VIDAJOSA, S.A.
• BAJOS DE LA LOMA, S.A.
• GENERAL MANAGEMENT ASSET GROUP FINANCE, CORP.
• PARKVILLE INVESTMENTS INC.
• INMOBILIARIA VISTA VERDES S.A.
• FAST INVESTMENT CORP.
• EQUIPMENT DISTRIBUTORS CORPORATION INC.
• INVERSIONISTAS ALINA, S.A.
• F & N INVESTMENTS INC.
• ALFRIED FINACE INC.
• GARMAC, INC., S.A.
• COUNTRY WHITE FINANCE INC.
• CRESTAR ENTERPRISES FINANCE INC.
• PROFIT ALLIANCE INC.
• NAPPA PROPERTIES FINANCE INC
• GRENVIEW INVESTMENTS INC.
• BLOCK INVESTMENTS INC.
• PROGROUP INC.
• BURBERRY INVESTMENTS INC.
• PRELL CORPORATION.
• PARALLEL LAND AND INVESTMENT CORPORATION.
• HIGHPLAINS CORP
• RACINE INC.
• FAIRFIELD PROPERTIES INC.
• GULF PETRO GAS, CORP
• AZALEA HOLDING INC.
• FRANKLIN GUARANTEE SECURITIES CORPORATION. -.-
• ZZZ INC
• DESARROLLO DEL MAR S.A.
• TGBA CORPORATION.
• CONDOMINIO LAS CASCADAS S.A.
• INVERSIONES CLARGON. S.A.
• WATER-WAYS SHIPPING CORP.
• ANNISA TRADING CORP.
• SPAZIO`S, S.A.
• BUSES FUTUROS S.A.
• INVERSIONES GABANICO S.A.
• PAN-ISRA TRADING, S.A.
• IMPSAT, S.A.
• T. INTERNATIONAL S.A. (PANAMA) SHIPPING CO.
• INVERSIONES ECUATORIANAS DE ULTRAMAR, S.A.
• CORPI S.A.
• INVERSIONES JMB, S.A.
• ROSS PROEKT, S.A.
• PRICKET CORPORATION.
• BELLA VISTA PROPERTIES INCORPORATED.
• PAMELA FINANCE INC.
• RONI INVESTMENT COMPANY.
• ALHEI INVESTMENT COMPANY, INC.
• IASOL INVESTMENT COMPANY.
• NOBOL INVESTMENT CORP.
• DAL CONSULTING INTERNATIONAL S..A (DAL CONSULTING)
• SMI INTERNATIONAL CORP.
• REPRESENTACIONES ASA POSTERS PANAMA S.A.
• IVAN SIERRA INVERSIONES S.A. IVASI. -.-
• SISTEMAS ENERGETICOS, S.A.
• DEEP SEA CORPORATION
• FOUR-L, INC.
• OCEANVIEW HOLDINGS INC.
• JOJAFRA ,S.A.
• FINANICERA MARAZUL, S.A.
• TULAROSA, S.A.
• FINANCIERA MARGO, S.A.
• INVERSIONISTA MATAMOROS, S.A.
• TAMARGO, S.A.
• FINANCIERA MONCLOVIA, S.A.
• PINEHURST FINANCE CORP.
• DRYBRANCH CORPORATION
• HALETHORP CORPORATION
• CHAPTICO OVERSEAS CORP.
• ETCHISON CORPORATION
• NORBECK CORPORATION
• DANIA INVESTMENT S.A.
• ADMINISTRACION FINANCIERA CONTINENTAL S.A. -.-
• MAGA OVERSEAS CORPORATION
• NORTH SHIELD CORPORATION
• INTEL COMMUNICATIONS CORP.
• BLU INTERNATIONAL S.A.
• WORLDMARKET TRADING CORP.
• MARJANI CORPORATION
• RAZIYA OVERSEAS INCORPORATED
• CEDRIC FINANCE INC.
• ROYAL IMPERIAL FINANCE CORP
• SOUTHAMPTON FINANCE CORP.
• SEREMAR TRADING CORP
• CORPORACION CONTINENTAL DE BIENES RAICES ,S.A
• BECTEL CORPORATION S.A.
• INTERMARINE ENTERPRISES, INC.
• FINANCIERA EXPRESS ,S.A
• PUNTO APARTE PUBLICIDAD S.A. -.-
• NAGOYA OVERSEAS CORP
• FINE EXPORTS INC.
• CONSULT - AMERICA, S.A.
• INVERSIONES EL TESON, S.A.
• FONTE CINDAM PANAMA INC.
• GUAYNABO HOLDINGS INC.
• SIM INVESTMENT CORP.
• ROTHSCHILD INSTITUTE ECOLOGICAL DEVELOPMENT (LATIN AMERICA )INC .
• CONTINENTAL INTERNATIONAL LEASING INC.
• MERCADO DE INVERSIONES, S.A.
• DIVERSIFIED OVERSEAS INCORPORATED
• AGASAJOS, S.A.
• PLAZA KENSINGTON CORP.
• TALLER HOSPICAR, S.A.
• INMOBILIARIA ROROGA, S.A.
• SQUARE HOLDINGS CORP.
• LATIN AMERICA FINANCE CORP.
• ADMINISTRADORA CEDEX, S.A.
• A.S. OVERLAND FUNDS, INC.
• PROSEU PANAMA, S.A.
• WINSTEAD FINANCE CORP.
• BRIDGE FINANCIAL CORP.
• OVERLAND FINANCIAL CORP.
• PANAMA BROADCASTING SERVICE ,S.A.
• LONEMAR, S.A.
• CUSMAR CORPORATION.
• MERLAS CORPORATION.
• BALTHAZAR OVEREAS,S.,A.
• INVERSIONES PUNTA UVA ,S.A.
• AIRPAK DE PANAMA, S.A.
• RIVERPLACE CORP.
• TIMBALIER CORPORATION.
• TAIGA, S.A.
• INMOBILIARIA HERRERANA, INC.
• ALMACENADORA CONTINENTAL, S.A. (ALCO)
• NAGAHAM INVESTMENTS S.A.
• PTY INVESTMENT CORP.
• PYRAMID EXPORT LTDA. CORP.
• GROTE INTERNATIONAL ASSOCIATION OF PANAMA LTD. S.A.
• DOLE AVIATION INC
• ROCK VALLEY CORPORATION
• APPLE SERVICES CORP.
• MOUNT STANLEY FINANCIAL CORP.
• VENTURE CONSOLIDATED MANAGEMENT INC.
• G.R. S. INTERNATIONAL INC.
• ALWAYS MARINE INC, S.A.
• INVERSIONES VILLA DEL SUR,S.A. -.-
• TAKEUCHI FINANCE CORP.
• NORTH PLATEAU HOLDINGS CORP.
• COMPAöIA BIQUE ,S.A.
• BIRAS CREEK HOLDINGS CORP.
• EMPRESAS VISCAYA,S.A..
• WEST BAY FINANCE CORP.
• NORTH HARBOUR FINANCE CORP.
• VILLA PENINZULA FINANCE CORP.
• PACIFIC MOUNTAIN CORP.
• PKI INVESTMENTS CORP.
• FINANCIERA MULTIVALORES , S.A.
• WORLDIDE COMMERCIAL GROUO CORP.
• WASEA TRADING CORP.
• MATSUURA FINANCE CORP.
• TE PE S.A.
• PETROTECH HOLDINGS, INC.
• OKAWACHI CORPORATION
• MASAYOSHI CORPORATION
• INTEROCEANIC ENGINEERING CONSULTANT CORPORATION
• TAIWAN INTERNATIONAL INVESTMENT CORPORATION
• CHANG AND LEE INTERNATIONAL CORPORATION
• TRANSINTEROCEANIC TRADING CORP.
• INVERSIONES TAIWANERAS PARA AMERICA LATINA,S .A.
• VALLE DEL SOL, S.A.
• PANANA ENERGY CORP.
• GENERAL MANAGEMENT ASSET GROUP, CORP
• MAGCOL INTERNATIONAL INC.
• MITSU INVESTMENT OVERSEAS CORP.
• CAJUN HOLDINGS INC.
• IZU HOLDING CORP.
• RICKOFF PENINSULA CORP.
• STAR INVESTORS, S.A.
• MAKOTO RIVER, INC. .
• UNITED INVESTORS,S .A.
• AMIDA HOLDINGS, INC.
• FARVIEW HOLDINGS CORPORATION.
• METROVENTAS, S.A.
• FARVIEW CORPORATION
• MSG INVESTMENTS S.A.
• INTERAMERICANA DE EXPORTACIONES E IMPORTACIONES S.A (INDEISA)
• JORGEL, INC.
• SUPERIOR FINANCE INC -.-.
• PANAMARMOL S.A
• AKIO ELECTRONIC JAPAN LTD .SA
• VALNAT INC.
• BANISTMO TRADING CO., INC.
• LICORES DE CENTRO AMERICA, S.A.
• NAUTILUS HOLDING CORP.
• FOODRATE CORPORATION.
• ENTERPRISE CAPITAL INVESTMENTS, INC.
• L`AIGLON INVESTMENTS, INC.
• WORTHHOLDINGS CORP.
• ROSELAND VIEW INC.
• EAGLEVIEW CORPORATION.
• CROWNRIDGE INC.
• SEAVIEW HOLDINGS CORP
• FAMCAR INC.
• BUELNA INC.
• HELICOPTEROS DEL ISTMO, S.A.
• COMPAöIA COMERCIAL ANTILLANA, S.A.
• GREATYIELD CORPORATION.
• STRADELLA, S.A .
• TOWER SECURITIES, INC. -.-
• DISDOU S.A. -.-
• INVERSIONISTA RIOSERENO, S.A.
• INVERSIONES CATAMARAN S.A. (INVERAN S.A.)
• GOODRATE CORPORATION.
• HIGHGROUND INVESTMENTS CORP.
• HIGHRETURNS INVESTMENTS CORP.
• CANIS MAJORIS INT'L INC.
• OROBUENO S.A.
• MAGCOL S.A.
• PLASTICS AND TRANSPORT TECHNOLOGY S.A.
• MANCHESTER INTERNATIONAL CORP.
• HEPTA CORP,
• WESTECH INC
• SEABREEZE FINANCIAL INC
• LUER S.A.
• CARE BUSINESS MANAGEMENT,INC.
• ACME FISHING CORP
• REGENCE CORP.
• LAY HOLDINGS INC
• GOODYIELD CORPORATION.
• LISOLDE, S.A.
• PRIVATE HOLDINGS INC.
• PACIF ATLANTIC CONSOLIDATED INC.-
• INVERSIONISTA OTERO, S.A.
• JOMER OVERSEAS CORP
• INBERNA S.A.
• MEDICOS LABORALES ASOCIADOS S.A.
• SUPER SIETE S,A,
• PANAMA COTTON SALES INC.
• COMPAöIA DE FINANZAS DIRO S.A.
• M.T. V. INTERNATIONAL S.A.
• DIPLOTRADING CORPORATION
• INVERSIONISTA MONTERO S.A
• CORPORACION CHEMIN S.A
• INVERSIONES KUTUPA S.A
• QUEENMANOR CORPORATION
• KINGVIEW CORPORATION
• FRIZEL S.A
• BARROCO HOLDINGS COMPANY INC
• CORPORACION DE INVERSIONES KONIZA S.A
• CHACARA HOLDINGS INC
• CERAMICA RIOPLAT S.A.
• HEAVY EQUIPMENT & PARTS INCORPORATED
• TECHNOLAB, S.A.
• FISOTEL INVESTMENT CORP.
• ARIDE HOLDINGS INC.
• SBM DESIGNS, INC.
• HETIR INVESTMENT CORP.
• ST. CLOUD OVERSEAS CORP.
• VAMPELT CORPORATION.
• PLAINWELL HOLDINGS INC.
• FARIBAULT INVESTMENT CORP.
• MAY JUNE CORP.
• VASA HOLDING INC.
• RPM INT'L INC.
• SEDECA CENTROAMERICANA S.A.
• RIDEN POWER INC
• R.A.J. INVERSIONES S.A
• AMPER CORP
• ROTOR S.A
• DOUBLE DIAMOND INC
• LOS URALES S.A
• D.S. INVERSIONES S,A
• SEDECA DE PANAMA S.A.
• VITRUVIO S.A.
• LA CHOZA DE LUCRE, S.A.,
• MATERIALES OROZCO, S.A.
• LAS SIETE EMES, S. A.
• TOWER WAREHOUSING SERVICES, INC.
• MAGUILACUTY INVESTMENTS INC.
• COSTA RICA OUTDOORS CORPORATION.
• OSTRIS INC.
• PIONEER INTERNATIONAL OVERSEAS S.A. (PIOSA).
• ARGUS INTERNATIONAL CORPORATION.
• RAMI OVERSEAS S.A.
• CLAWFOOT FINANCING INC. -.-
• CAROLINA A HERNANDEZ S.A.
• TAIWAN INVESTMENT CORP.
• ALL MATERIALS SUPPLY CORP.
• IMPRESIONES PREVENTIVAS HONDURENAS ( I. P. H. ) S.A.
• LOVENCARE CORPORATION,
• ICARUS INC.
• FASTY HOLDINGS INC.
• AGATE S.A.
• ROCHESTER CONSTRUCTION AND DEVELOPMENT (GUERNSEY) CORPORATION
• CONFERENCE MANAGEMENT SERVICES, INC.
• SEQUOIA CORP.
• ORKAN FINANCIAL INC.
• ONIS OVERSEAS CORP.
• CORPORACION ANADE,S.A. -.-
• BATOR HOLDING INC.
• BARNUM OVERSEAS INC.
• POLMOTOR, INC.
• DESARROLLOS FINANCIEROS LATINOAMERICANOS S.A.
• ALMACENAJE CENTRAL S.A.
• BARSON ENTERPRISES S.A.
• INTERNATIONAL COMMERCIAL ADVIDERS INC.
• KINGSVILLE CORPORATION
• CONDOR INTERNATIONAL CORPORATION
• BELHAVEN CORPORATION
• KLASSICORP INTERNATIONAL, S.A.
• KLASSICORP DE PANAMA, S.A.
• ARIPE INVESTMENT CORP.
• MIRAJO INVESTMENT CORP.
• HALMORE INTERNATIONAL CORP.
• RIGBY CORPORATION.
• COLMOR HOLDING CORP.
• NYGARD CORPORATION
• GOLDEN FOODS INC.
• INTRINSIC VALUES CORP.
• ELM TREE STABLES S.A.
• CABOTO INVEST OF PANAMA, INC.
• CIMA ELECTRONICS, S.A. (CESA)
• JULIA S COMPAöY LTD. INC.
• CHULA VISTA CORPORATION S.A.
• SAN FRANCISCO PROPERTY INC.
• SAN DIEGO PROPERTY INC.
• LA JOLLA PROPERTY INC.
• MP INT`L INC
• GRUPO DETER S.A.
• OPERADORA INTERNACIONAL TURISTICA,S.A.
• VALVIEW CORPORATION
• VALMORE INTERNATIONAL CORP.
• ATLANTIC TECH INC.
• LAS HORMIGUITAS CORPORATION
• COMPANIA DE INVESIONES EL CASTILLO, S.A.
• COMPANIA DE INVERSIONES VELAIR, S.A.
• COMPANIA DE INVERSIONES OLD STAR, S.A.
• NINER CORPORATION
• DESDEMONA FINANCIAL CORP.
• BARONY CORPORATION
• AIRPAK FINANCIAL CORP. (AIFCO)
• INVERSIONES PRIMOROSAS, S.A.
• CORPORACION FINANCIERA MAYA, S.A.
• INVERSIONES PINO AZUL, S.A.
• LANDRY ENTERPRISES INC.
• OLDTREE CORP.
• QUENTIN INTERNATIONAL CORP.
• ROLAND OVERSEAS INC.
• NATIONAL TRADING DE PANAMA, S.A.
• ELSINOR CORPORATION
• INVERSIONES KOALAPAN,S.A.
• DOWAGER ENTERPRISES INC.
• MAKE OIL PETROLEUM COMPANY INC.
• CORPORACION PENORA, S.A.
• CORPORACION POMEDA, S.A.
• DELAIN FINANCIAL SERVICES CORP.
• INVERSIONES CHANGUI, S.A.
• ALEWAY HOLDING INC.
• COMPANIA AMOLY,S.A.
• L.C.TRADING INC.
• ROBLE VIEJO, S.A.
• NAVIERA DEL FARALLON, S.A.
• SILVER BULLET HOLDINGS INC.
• BROWSON ENTERPRISE CORP.
• GARLDAND TRADING SECURITIES INC.
• PIONEER INTERNATIONAL PANAMA, S.A. (PIPSA)
• PAVIRO, S.A.
• ISAL MEX CORP.
• ASESORIAS Y REPRESENTACIONES INTERNACIONALES, S.A.
• PIONEER INTERNATIONAL LATIN AMERICA,S.A.( PILASA) -.-
• NIGHT S.A.
• CORPORACION PULLHAM, S.A.
• KIOS CORPORATION
• VARO HOLDING INC.
• DEMPSEY S.A.
• SULTANA HOLDING, S.A.
• MISURA, S.A.
• RT DATA BASE, S.A.
• A. W. INTERNATIONAL CORP.
• VIROGETICS,S.A.
• CARIBBEAN TOURS CORP.
• PALM TREE INVESTMENT CORP. -.-
• RIVERSIDE VIEW INC.
• SEA WIND INVESTMENTS INC.
• NAYLOR HOLDING CORP.
• NOTERP CORPORATION
• GLASBY HOLDING CORP.
• TENDORE CORPORATION
• JONATHAN TRADING COMPANY INC.
• BIENES RAICES SANTA FE, S.A.
• MONTERO SOCIEDAD DE INVERSIONES, S.A.
• INVESIONES ANAGRAMA, S.A.
• TNP HOLDING CORPORATION
• CROKER HOLDING INC.
• SAN MARCOS INTERNATIONAL CORPORATION -.-
• CORPORACION WESTMINSTER,S.A.
• ULTRA PARTES,S.A.
• CROWN ROYAL TRADING CORP -.-
• ROYAL TRADING INTERNATIONAL CORP
• ATLANTIS AIR TRANSPORTS INC.
• CORPORACION CONTINENTAL, S.A.
• MEDICAL TRADING CORPORATION.
• SERVICIOS INTERNACIONALES PANAMA, S.A.
• CORRETAJES DE SEGUROS Y SERVICIOS GLOBALES, S.A.
• MANOCO HOLDINGS, INC.
• INVERMARKET, S.A.
• AGROGRUPO PANAMA, S.A.
• EMPRESAS CATANIA S.A.
• EMPRESAS FLORENCIA S.A. -.-
• BIENES RAICES AVENIDA A, S.A. -.-
• EMPRESAS GALAPAGOS, S.A.
• PANAMA ENTERPRISES DEVELOPMENT CORPORATION
• LOAL REALTY, INC.
• EMPRESA CONSTRUCTORA DE ROTULOS, S.A.(EMCORO)
• ROCKVILLE OVERSEA CORPORATION
• GREENBACK FINANCIAL SERVICES, INC.
• LIMAN CORP
• LA BAJADA DEL VALLE, S.A.
• MASWAL HOLDING INC.
• J.G.PALMEIRA TRADING, S.A.
• DESARROLLO EL VALLE, S.A.
• DOUBLE BAY I985, INC.
• JAMER INVESTMENT CORP.
• RAMIGIEL, S.A.
• SIR JONATHAN INVESTMENT CORP.
• ALSECO CORP.
• KENDOR CORP.
• AMERICAN DOMINION CORP.
• CORPORACION NANZAL, S.A.
• CORPORACION VIANEY, S.A.
• AMERICAN FOREIGN CURRENCY & FINANCIAL SERVICES CORPORATION (AFCORP)
• SERVICENTRO VILLA DE LAS FUENTES, S.A.
• ALMACENADORA DEL ISTMO, S.A.
• BEAMIZ, S.A.
• METROPOLITAN INVESTMENTS CORPORATION INC. (METROCORP)
• ROMCO INVESTMENTS COMPANY, S.A. -.-
• ROMANCE INVESTMENTS COMPANY, S.A. -.-
• A.L.INVESTMENTS, INC.
• ILAN, S.A.
• NEGOCIOS DE CAMBIO, S.A.
• FINANCIERA Y VALORES CORPORATIVOS, INC. (FINCORP)
• MARINA CORP.
• MEBLAB-PHARMACIA INTERNATIONAL INC.
• CORPORACION MUNDIAL DE CORRETAJES, S.A.
• URRACA HOLDING COMPANY INC.
• ASA POSTERS (PANAMA) S.A.
• ROTULOS Y VALLAS, S.A. (ROVASA).
• LIBRADA INTERNATIONAL,S.A.
• OVERSEAS UNION CREDIT AND FINANCE CO. S.A. (OUC&FSA;)
• J.G. INVESTENTS, INC.
• STATUS S.A.
• PESCADO DEL GOLFO S.A.
• STAR WAY S.A.
• MONACO GROUP FUND, S.A.
• MERCADO DE VALORES DE PANAMA, S.A.
• PAN-ASIAN TRADE EXPORT, S.A.
• MEGA SEAFOOD TRADERS, INC.
• LUBRICANTES DELTA, S.A.
• GEORGIA TRANSWORLD INC.
• CHARENTE ENTERPRISES INC.
• INVERSIONES MALTA, S.A.
• ADMINISTRADORA PALO ALTO, S.A.
• DOMAR INVESTMENTS, S.A.
• ONTARIO CAPITAL INC.
• PIZZARELLA, S.A
• SOWLEY COMMERCIAL AND INVESTMENTS, INC
• APOLSI INVESTMENTS, INC
• OISTINS, S.A.
• G.H.S. INTERNATIONAL, INC.
• G. T. INTERNATIONAL, INC.
• SANTA DANIELA, S. A.
• DIHROCA HOLDINGS, S.A.
• MILESTAR HOLDINGS, S.A.
• LUBRICANTES DELTA S.A.
• TAIS PARFUMS, S.A.
• EMPRESA FILATELICA Y NUMISMATICA, S.A.
• L.K. INVESTMENTS, INC.
• DISTRIBUIDORA L. M. , S. A.
• ALEXANDRA DE FRANCIA, S. A.
• CHIQUILINAS INVESTMENT CORP.
• ARTE GRAFICO INTERNACIONAL, S. A.
• CHALLENGER TRAVELING SERVICES INC.
• DEARFA, S.A
• J O T I, S.A.
• LONG GROVE TRADING LIMITED, S.A.
• GRUPO FINANCIERO DEL ISTMO, S.A.
• PETROFINANCIERA, S.A.
• PRECIOUS METALS-WORLDWIDE, INC.
• SOCIETE NATIONALE DE COMMERCE (PANAMA),S.A.
• INMOBILIARIA EL INGENIO, S.A. .-
• VENAM, S.A.
• CAVENTERPRISES, S.A.
• INVERSIONES OLANI, S.A.
• SAX-HILL CORP.
• MEREDOSIA INVESTMENT, S.A.
• VANPRODUCE DE CENTROAMERICA, INC.
• PANAMEöA DE PETROLEO, S.A. -.-
• SOCIEDAD URBANIZADORA DE LAS PERLAS, S.A.
• CARIBBEAN JEWELERS CORPORATION
• PETROLEOS DELTA, S.A. (DELTA)
• INMOBILIARIA ESCAZU, S.A.
• DANCINE, S.A.
• PANARASI INVESTMENT CORPORATION
• INVESTMENTS RESORTS INTERNATIONAL, INC.
• AIRFAIR, INC
• INVERSIONES TISMA, S.A.
• STRATHSPEY CORPORATION
• GUABRO INCORPORATED.
• KASHAMIN FINANCIAL SERVICES INC.
• JUEGOS CIENTIFICOS DE EL SALVADOR, S.A.
• JUEGOS CIENTIFICOS DE HONDURAS, S.A.
• JUEGOS CIENIFICOS DE GUATEMALA, S.A.
• GRENH SECURITIES CORP.
• ELLENDER OVERSEAS CORP.
• G.E.C. PANAMA INC.
• LIBERTY PEAK CORP.
• GRAYSHORE INVESTMENTS CORP.
• COLVILLE HOLDING INVESTMENTS INC.
• KOOSKIA CORPORATION,
• OAK HARBOR OVERSEAS INC.
• RED OWL INVESTMENTS CORP.
• ELDEREW HOLDING CORP.
• SPORTSWEAR GROUP INC.
• H. T. S. INC.
• ABADDON INVESTMENTS INC.
• ROSEBURG INVESTMENTS INC.
• CIPE INVESTMENTS CORPORATION.
• HEISLER OVERSEAS INC.
• ORO CREEK CORPORATION.
• TUNDRA VALLEY INC.
• CORPORACION WINLOCK,S.A.
• CORPORACION OKANAGAN, S.A.
• GREENSWARD FINANCIAL SERVICES INC.
• MISSOULA HOLDING CORP.
• JORDAL CORPORATION.
• KEOS CORPORATION.
• TAROL CORPORATION
• GADAN CORPORATION.
• BREMERTON OVERSEAS INC.
• NORTH BEND INC.
• SILURIAN INTERNATIONAL CORP.
• VABRISSA HOLDING CORPORATION
• LUDFORT CORPORATION
• DERWIN CORPORATION
• RIMORD CORPORATION
• OLIVE BIRCH CORP.
• INVERSIONES JOMAFI, S.A.
• INVERSIONES LEUCADIA, S. A.
• COMERCIALES NEPTUNO, S.A.
• FICSA LEASING CORPORATION
• REMESAS LATINOAMERICANAS, S.A.
• ROYAL LAKE CORPORATION
• INVERSIONISTA RIO VERDE, S.A.
• KAPFEL, S.A. -.-
• C.C. OVERSEAS GROUP INC.
• GLOBAL MANAGEMENT ASSET GROUP, INC.
• ARRENDADORA DEL ISTMO, S.A.
• EMPRESAS RADEM, S.A.
• JUEGOS CIENTIFICOS DE CENTROAMERICA, S.A. -.-

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