FRANCISCO GONZALEZ-RUIZ ALVARADO

Director

• GADMA S.A.

Subscriber

• CONSTRUCTION EQUIPMENT AND ENTERPRISES CORP. -.-
• QUEEN OCEAN MARITIME, S.A.
• ROYAL INTERNATIONAL MARKETING CORP.
• LATEAL S.A.
• BALIBO S.A.
• OMNIA DEVELOPMENT CORPORATION,S.A.
• ORIENTAL PEARL MARITIME, S.A.
• TROPAMAR S. A.
• VARASTRO S. A.
• WINDWARD INVESTGMENT CORPORATION.
• SHUTTLE CORPORATION
• LANDLORD TRADING CORPORATION
• YAISA INVESTMENT CORP.
• MAGALY HOLDING S. A.
• ICENITH INVESTMENT INC.
• ACCESORIOS WANG, S.A.
• SERVICIOS DE INGENIERIA WANG WP,S.A.
• MASARIK TRADING COMPANY S.A.S
• MOBILIA,S.A.
• MESSIDOR CORP., INC.
• GORDON FINANCE S.A.
• BALZAN CORP.INC.
• CONSTRUCCIONES Y DEMOLICIONES, S. A.
• SOLDO HOLDING S.A.
• LIBATT INVEST S. A.
• ADEN INTERNATIONAL FINANCE S.A.
• FIBERTEC, S. A.
• SERVADIM, S. A.
• FIMERCOR, S.A.
• QUICKFIN, S.A.
• TOPTRADE, S.A.
• FINASHELL, S.A.
• KERASIM, S.A.
• ATENAIS, S.A.
• KARATINA, S.A.
• WERFELD, S.A.
• VESOUL S.A.
• VIZAPUR,S.A.
• FULTREX,S.A.
• VANDALEC S.A.
• SOLMEC, S.A.
• CHOLAPUR, S. A.
• DENAIN, S.A.
• AMAPOU, INC.
• ORTIZIA INC
• ALIENI, S.A.
• TOGATI, S.A.
• RADO LTD.,S.A.
• PORTUS, INC.
• PADOVEST CORPORATION
• TRANSGLOBE LTD., S.A.
• FINGLOBE LTD. S.A.
• TECTRADE LTD. S.A.
• TECMANAGEMENT LTD. S.A.
• E.A.E. TRADING COMPANY S.A.
• VERDICT, S.A.
• TAQUIN INC.
• TALIONIS, SA.
• QUERENS, S.A.
• PINZON Y CANO, S.A. (PICASA)
• SILOCONSULT INC.
• ROTULOS INTERIORANOS, S. A.
• NATIBERTAL INC.
• SELDUNA, S.A.
• CORDUNA FINANCE AND TRADING INC.
• TRUCAP SECURITIES INC.
• MEDORIENT CHARTERING INC.
• J.S. HOLDINGS CORPORATION
• INDO SAUDI INTERNATIONAL CORPORATION INC.
• FOURMI INVESTMENT, S.A.
• TAMPION INVESTMENT CORP.
• DEVGULL, INC.
• GLOBAL MANAGEMENT AND SERVICES COMPANY, INC.
• SOUTH-DIA, S.A.
• MARJOLI, S.A.
• MANICORDE, S. A.
• BALAMA CORP.
• MARPATRIC, S. A.
• LUGIMAR, S. A.
• PERTINSA COMPANY INC.
• CREDIVAL INVESTMENTS PANAMA, S.A.
• M. E. INTERNATIONAL SERVICES, INC.
• COMPANIA NAVIERA EL ALMIRANTE S. A.
• CRAGUER INVESTMENT, S.A.
• UNITED ORBIS, INC.
• GAMA COLOR S.A. -.-
• MIDALAN, S.A.
• J.V. PERSAND Y COMPANIA PANAMA, S. A.
• MAQUINARIAS LOS ANDES, S. A.
• GRUPO DIEZ S. A. -.-
• SCIENCE COORDINATION AND DEVELOPEMENT INC.
• SHAFER GENERAL USINES PROMOTER CORP.
• INTERMARINE DE PANAMA, S.A.
• BASRAH INTERNATIONAL CONTRACTING COMPANY S.A.
• SERVICIOS DE INGENIERIA WANG, S.A.
• SOFREXPORT ENGINEERING INC.
• TAYTA CORPORATION
• NICKPAL INVESTMENT INC.
• AGRIPOL INC.
• NOLAGUS, S.A.
• GLIMERA, S.A.
• MEFRANOL, S.A.
• DUWIBENT, S.A.
• BASORALIA, S.A.
• CILOPRIM, S.A.
• REAL SECURITIES INC.
• FINANZAG WASSERMANN INTERNATIONAL CORPORATION
• GALAGRO, S.A.
• PLANAGRO, S.A.
• KALAR TRADING, S.A.
• OSTADE, S.A.
• VESERIS, S.A.
• MACHI-RENT S.A.
• PRODUCTOS ROCHE INTERAMERICANA, S.A. (PRISA) .-
• DONAU FINANCIERA S.A.
• INTERNATIONAL TAX AND INVESTMENT PLANNING SERVICES, S.A.
• SUPLIDORA MONCAR, S.A.
• BORALE INC.
• OZON INC.
• MCN DEVELOPMENT INC.
• TILLA INVESTMENTS S.A.
• RACHI CORPORATION, S.A.
• INTERNATIONAL BIOLOGICAL MACHINERY CORPORATION, S.A.
• TRADE GARDENS CORP.
• OCBYOMIO, S.A.
• PHOTOGRAPHEX, INC.
• OCEAN TERRACE COMPANY, INC.
• YEATS CORPORATION
• TRADE HAWK, INC.
• APURE PLAZA, S.A.
• BALLADIN SHIPPING CORP.
• PALERSA CORPORATION INC.
• CAPITAL RESOURCES INC.
• JOWAPE CORP. INC.
• ARABIAN INDUSTRIAL CORPORATION
• STERWARTEN CORPORATION
• ASWAN SHIPPING COMPANY, S.A.
• RIO CIBILO CORPORATION
• ENGINEERING FOR AEROSPACE, NAVAL AND INDUSTRIAL TECHNOLOGY, S.A.
• TETZEL INC.
• SALTEX TRADING CORPORATION
• DUPRE ET FRERES, S.A.
• PHOENIX FILM DEVELOPMENT CORPORATION
• CINEMASHARES LTD., S.A.
• LORKEN RICA OF PANAMA, S.A.
• RINGHY CORPORATION
• SISTIANA CORPORATION
• LUPAGIO, INC.
• NODIN, INC.
• SCALIGER CORP., S.A.
• CLAYTON CENTER INC.
• LABORATORIO BIOLOGICO DE PANAMA S.A.
• KODROS INC.
• WORLD AND DATA PROCESS ING SERVICE, INC.
• LORKEN HOUSING OF PANAMA, S.A.
• INTERPETRO INVESTMENT INC. PANAMA
• CAPE HORN INVESTMENT, S.A.
• CARGO SUPPLY, S.A.
• RAMSES INVESTMENT CORP.
• SAMA INTERNACIONAL (G.S.) S.A.
• BYBLOS INVESTMENTS AND TRADING CORP.
• J.G.R.F. INTERNATIONAL CONSULTANTS, S.A.
• LEVINA, S.A.
• MIDANA, S.A.
• LEPARA, S.A.
• PARUSA, S.A.
• LUXOR TRADING CORPORATION.
• LARTIANO INC.
• TARDIVEL, INC.
• LYSDALE INC.
• MYRTE, S.A.
• CENTRAL TRADING AND SHIPPING COMPANY LTD., S.A.
• PAN OCEAN CHARTER LTD. S.A.
• OTOKAR, S.A.
• TTP PANAMA LTD. S.A
• REFLEJOS, S.A.
• INTERCONTINENTAL PRINTING AND PUBLISHING & CO.
• REDECO TECHNICAL ENGINEERING DEVELOPMENT CORP.
• KLASOLI INVESTMENT CORP.
• DILIAMAR INVESTMENT CORP.
• PLESTEMAR INVESTMENT CORP.
• TARZINA, S.A.
• ELLIS PARTNERS INC.
• L.A.I.T., S.A. (LATIN AMERICAN INTERNATIONAL TRADING)
• ORDACO, S.A.
• YERRIL, S.A.
• YAMBERKI, S.A.
• CHAUMONT PARTNERS, INC.
• KONRIEU, S.A.
• TECHNOECONOMIC (BASAT) CORPORATION LTD.
• ISCHIA, S.A.
• CHENONCEAUX PARTNERS INC.
• RESTORINT S.A.
• CHEVERNY PARTNERS, INC.
• LUMEL FINANCING CORP.
• ESTAMI HOLDING, CORP.
• YERRI INVESTMENT CORP.
• SIRINIA HOLDING CORP.
• LOMELINA FINANCING CORP.
• TECNOASSISTANCE, S.A.
• MISECO MIINERAL SEARCHING EQUIPMENT COMPANY, INC.
• WILTRADING, INC.
• YANN PARTNERS INC.
• MARMORENA, S.A.
• MURALTO, S.A.
• ORSELINA, S.A.
• COLGO HOLDINGS, S.A.
• GAX FINANCE CORPORATION.
• HILTI TRANSATLANTIC S.A.
• MAZARADA, INC.
• BETAGERON CORPORATION
• SHIPPING AND TRADING OVERSEAS COMPANY, INC.
• GORUMAR, S.A.
• LIGRIST, S.A.
• S.A.L.K.I.N., S.A.
• TECRIL, S.A.
• GRIZZLI, S.A.
• ARROW DEVELOPMENT CORP.
• WESTLAKE DEVELOPMENT CORP.
• AMEROP MANAGEMENT GROUP LTD., S.A.
• LASEYMA INC.
• SANTRESA, S.A.
• EUROPAN INTERNATIONAL, S.A.
• POSOLAN, INC.
• HIGHLEINCORP, S.A.
• BLENCORP INC.
• BIELOVAR, INC.
• CERVIA, S.A.
• MINOS COLOCOTRONIS ENTERPRISES, S.A.
• CADMO INVESTMENT INC.
• SOFILU, INC.
• HOME SHOPPING SHOWCASE (HSS), S.A.
• HOME SHOPPING CLUB (HSC), S.A.
• HOME SHOPPING NETWORK DIRECT (HSND)S.A.
• XALIEDA CORP.
• SIRRA INC.
• HERCULES CONSULTING INC.
• DOSA DE PANAMA S.A.
• MEGA DISEöO, S.A.
• SHALP INTERNATIONAL CORPORATION
• LATINA LTD. INC.
• VALORES MIRALVALLE S.A.
• ACHE BOOKING AGENCY INC.
• SERVICIOS A DOMICILIO, S.A.
• PRINCESS KOLLECTION, S.A.
• C4, S.A.
• TRANS-NAVY LTD. INC.
• SCHLESEX CORPORATION
• FRESTAR CORPORATION.
• VIEWPOINT INTERNATIONAL .SA.
• CONQUEROR ENTERPRISES S.A.
• CROSTATA S.A.
• FELLIMUN S.A.
• SEGUROS ALPHA-OMEGA S.A.
• INVERSIONES KANARIS S.A.
• TIGI LATINOAMERICA, INC.
• YOLERY, S.A.
• CHAMFORT CORPL.
• INVESTMARKET HOLDINGS S.A.
• SIADI, S.A.
• HALLIBURTON COMPANY PANAMA INC.
• NINETYWO INVESTMENT CO. S.A.
• CINQ ETOILES INVESTMENTS INC.
• WORLWIDE SEAFOOD EXPORT INC.
• KANTARO INVESTMENT S.A. !
• INMOBILIARIA CANAJAGUA, S.A.
• LEDEMAR, S.A.
• COLGEST INC.
• BALDUNG S.A.
• OCEANARROW LTD. INC.
• SEACROSS INTERNATIONAL LTD. INC.
• INT'L SMD DISTRIBUTION, INC.
• QUISQUEYA GARMENT S.A.
• RICOVALLE S.A.
• COVERLING INC.
• ORTRADE CORP.
• SEALORD LTD., INC.
• SEAKING LTD., INC.
• D'CLASE INDUSTRIE, S.A.
• CP CONSULTING AND PLANNING CORP.
• KONIA INVESTMENTS INC.
• TARNOW S.A.
• INUVIK S.A.
• MANACOR INC.
• BIALA CORP.
• CHIDLEY CORPORATION.
• SERVICIOS INDUSTRIALES DON BOSCO S.A.
• QUALITY PLUS, S.A.
• SALOAR, S.A.
• FINANCIAL TROPICAL ENTERPRISE, INC.
• SUMMERBIRD LTD INC.
• BULKCARRIERS INVESTMENTS LIMITED INC.
• GRABO, S.A.
• KONIEL S.A.
• SEDLER S.A.
• KINGSHILL PLAZA S.A.
• ROCKTREE HOLDING CORP.
• PANMAIL S.A.
• CONSTRUCCIONES Y TRANSPORTES DEL CANAJAGUA, S.A.
• AMERICAN SANITARY CORPORATION
• DINIZ CORPORATION
• KINGSLAND FINANCE CORP
• NAVIHANDLING INT. LTD. INC.
• INVESTRADE INT. LTD. INC.
• ADMINISTRADORA DE NEGOCIOS E INVERSIONES, S.A.
• MERCADEO Y VENTAS DE PANAMA, S.A.
• INFOSISTEMAS APLICADOS, S. A.
• GRUPO DE INVERSIONES CARIBE, S.A.
• DISTRIBUIDORA DE LIBROS, S.A.
• COMPOSICION Y ARTES GRAFICAS, S.A.
• SEMPERE INVERSIONISTA , S.A.
• ANABELLA INTERNACIONAL, S.A.
• INTERNATIONAL BUSINESS PANAMA S.A.
• A. D. INC.
• NOTREDAME INVESTMENTS CORPORATION
• REMORKTECH INV. INC.
• TRANSANCRE INV. INC.
• ZINTRADE FINANCE CORPORATION.
• ALKAID FINANCE INC.
• GARDELINE INVESTMENT S.A.
• PANAMANIAN ELECTRICAL RESOURCES INC. (PERI)
• DISTRIBUIDORA GONLASER, S.A.
• WINDLIGHT S.A.
• YELLOWTOWN S.A.
• TRANSMER LTD. INC.
• AMERICAN OIL INC.
• TRANSERANO LTD. INC.
• HINSALE S.A.
• PINASCO S. A.
• ROCAFUERTE S. A.
• UNITEC UNITED TECHNOLOGY CORPORATION ,S.A.
• INTERNATIONAL OIL AND PETROLEUM CONSULTANTS, INC.
• GRUPO ESPECIALIZADO DE SEGURIDAD E INVESTIGACIONES ,S.A._(GRESINSA) -.-
• GRUPO INTERNACIONAL DE INVERSIONES S.A.
• SCIENCE AND TECHNOLOGY INC.
• HORIZON RESOURCES, INC.
• ARROYO INTERNACIONAL S.A.
• GRISYOLI, S.A.
• GROWERS HOLDINGS INC.
• AGAMI, S.A.
• BURGO, S.A.
• PARFUMS CHRISTIAN LACROIX AMERICA LATINA S.A.
• ROSEPLAZA CORP.
• GABMARI S.A.
• ROSWOOD INCORPORATED.
• FRASCUELO DOS S.A.
• MUSICAL, S.A.
• CENTRAL AMERICAN ENGINEERS INC.
• CASTLECOMER INC.
• NAMIBI HOLDING S.A.
• KINGSHILL INTERNATIONAL S.A.
• SATO LTD. INC.
• EUROLATINA TEXTIL S.A.
• TAJAMAR CORP.
• ISP PANAMA INV INC.
• VANIPI LTD. INC.
• CERANU LTD. INC.
• DISMERCASA DE PANAMA, S. A.
• RIVERGATE FINANCE CORP.
• MORAYSHIRE S.Aü
• BRETTONWOODS S.A
• INTERNATIONAL MARKETING RESOURCE INC.
• DYKEM LATIN AMERICA SOCIEDAD ANONIMA,
• POLYGLYCOAT DE PANAMA S-A
• CORMONT, S.A.
• BROWNSVILLE INCORPORATED.
• NORDKYN CORPORATION
• FERMI PROPERTIES INC. S.A
• PEFER PROPERTIES INC. S.A.
• TARA MANAGEMENT INTERNATIONAL CORPORATION
• NEW CONSULTANTS SERVICES TRADING INC.
• VENUSIA LTD. INC.
• ASIMU LTD. INC.
• HILLARY FARM CORP.
• HENDERSON BREEDERS INC.
• MALBEC FINANCE S.A
• SAM TRADING CORPORATION
• NUEVA POLAR, S. A.
• STUC LTD. INC.
• BIO LTD. INC.
• RUDY INVESTMENT INC.
• SOTIGEST INTERNATIONAL INC.
• PACIFIC BELL ASIA INC.
• SIRTILI CORP.
• NAXEL, S.A.
• CONVERSE INC.
• S.P.P. FINANTIAL CORP. S.A.
• GUIRAL, S. A.
• BERTRI INVESTMENTS, INC.
• YELLOWSTONE SERVICES CORP.
• EASTLAND TRADING CORP.
• BAUM, S.A.
• RONEGA LTD. INC.
• ARSEGO LTD. INC.
• LARIMNA PROPERTIES INC.
• PROVICASA, PROYECTO VILLARREAL CANO, S.A.
• TOFEE CORPORATION INC.
• DANISH TURNKEY DAIRIES LTD. S.A.
• OLTEMA, S.A.
• KITANO, S.A.
• GUTACHER ANLAGEN A.G.
• ESTOSA INVESTMENT CORP.
• BURFORD FINANCE & TRADING CORP.
• INDIGO BLUE INC.
• INTERFOOD INTERNATIONAL CORPORATION
• DALIDEIS INC.
• ZENGEL CORP.
• GENERIUS CORPORATION
• BRANEXPORT CORPORATION
• CHINIPO S.A.
• DINTEL S.A.
• TNORIUS, S.A.
• GILMERA, S.A. -.-
• INTERMIN ASIA, S.A.
• IVADAR FINANCIAL CORPORATION
• FREMBON TRADING CORPORATION
• SARATEL FINANCIAL CORPORATION
• COMCRAFT SECRETARIAL SERVICES S.A.
• ALBERTA FOOD INTERNATIONAL INC.
• AMAM INTERNATIONAL S.A.
• POLYPHEME INC.
• RESEARCH AND PLANNING INC.
• INTERNACIONAL DE INVERSIONES DIVERSAS S.A.- .--
• DONELLY, S.A.
• INTERNATIONAL BUREAU FOR MARKETING INC. (INBUMAR)
• INTER-WORLD PETROLEUM CO. INC.
• POLYNICE, S.A.
• BODEGA LA PARRANDA, S.A.
• PANVEST CORPORATION
• IRRIGACION TECNICA (IRRITEC), S.A.
• R. C. I. INVESTMENT CORP.
• OLATEG, S.A.
• METINTER LIMITED INC
• MILANCY LTD. INC.
• TIMALARNY LTD. INC.
• EMPOWERY LTD. INC.
• VISCOUNTY LTD. INC.
• VELOUSIA LTD. INC.
• CAVISA INTERNATIONAL, S.A.
• ALIGRAIN, S.A.
• COTTON INVESTMENT CORPORATION
• INTRAGAZ S.A.
• KLIMKE INTERNATIONAL HOLDING S.A.
• BAJOUNTY LTD., INC.
• MALIETTA LTD. INC.
• MAYORALTY LTD., INC.
• COMPANIA MARITIMA DANAKOS, S.A. -.-
• KOSMONAFTIS MARITIME AGENCY,S.A.
• TRANSAM STUD, INC.
• ELSALEH DEV. CO. INC.
• SERA FOURNITURES AGRICOLES ET INDUSTRIELLES, S.A.
• AMERIMP-AMERICAN IMPORT & EXPORT CO. INC.
• ERIS TRADING, MARKETING & MACHINERY DEVELOPMENT CORP.
• LAMRA S.A.LTD.
• DRAJAU, INC.
• YALEI, S.A.
• CENTURY (UK) LIMITED, S.A.
• OMNIUM SHIPPING CORP.
• MIRAFLORES DIECIOCHO, S.A.
• DELTA MARINE SUPPLY INC.
• PROCLAMUS TRADE INC.
• RUVAR CARIBBEAN, INC.
• IVA WORLD CORPORATION
• RINKA CORPORATION
• TWO LON INVESTMENTS, INC.
• SOULAC COMPANY INC.
• MONADELPHE INC.
• LYRIQUE INVESTMENTS S.A.
• ONEIDA INDUSTRIES S.A.
• MINTAKA CORPORATION
• OPAL FINANCE CORP.
• LOROINOR PRODUCTIONS INC.
• LARABELLO COMPANY INC.
• TOSCO COMPANY INC.
• COMPANIA SHIBUNIN S.A.
• ORNATURE TRADE S.A.
• INVERSIONES TORONKA S.A.
• VORONKA, S.A.
• SUFO (TWO) INC.
• NOTHIGAR TRADE S.A.
• MERCOROUGH PLAZA S.A.
• LONG LAKE ESTATE INC.
• ORLEFF INC.
• PLANTUM TRADE INC.
• USTALAYA S.A.
• AKSINIA S.A.
• CORPORACION RASIMU S.A.
• HAMADRYADE S.A.
• LUDIVINE FINANCIAL, S.A.
• LOCADIAS INDUSTRIAL INC.
• GUANAMBI, S.A.
• ERENDIRA CORPORATION
• CANAGRAL, S.A.
• BRICASSAR FINANCIAL INC.
• AKAGERA COMPANY, S.A.
• AZARIO FINANCIAL CO. INC.
• SALIKA FINANCIAL CO. INC.
• CUIRA LTD.PANAMA S.A.
• PRICE OVERSEAS INC.
• MYRTIFORME, S.A.
• VERACOLOR, S.A.
• TREMANCE, S.A.
• JOHN GALT AND COMPANY LIMITED S.A.
• NAWARA STUD COMPANY S.A.
• YANOIL INVESTMENTS INC.
• CARIBBEAN BASIN INVESTMENT CORPORATION
• SIROVEN CORP.
• ETERNIT CORP
• CHARAMAR S.A.
• CHINEGAR S.A.
• ODONT-VARIA, S.A.
• ARTIC OCEAN SEAFOODS INC.
• HEMEROCALLE INC.
• PARABELLA INC.
• MYRIOPDE, S.A.
• CENTIANA CORP.
• TARANTA INVESTMENTS, INC.
• WELT BAU INTERNATIONALE, S.A. WELT BAU INTERNATIONALE A.G. (EN ALEMAN)
• OSTLEY LTD. INC.
• BURNS LTD. INC.
• MATWILS LTD. INC.
• RYDER LTD. INC.
• POLONIUM, INC.
• GEOMATEX EXPLORATION LTD. INC.
• MEMO LIMITED INC.
• TYPHONE INC.
• SIRANOUCHE, S.A.
• SQUALINE, S.A.
• TRADE RESOLVE, INC.
• GINKGO INC.
• MAHONIA CORP.
• HELCANIOS CORP.
• CYPHOR CORP.
• GATAEL CORP.
• SERTANIL CORP.
• CLEARON CORP.
• ERMANIE, S.A.
• PARAL HOLDING INC.
• ACCLIVITY ESTATES, INC.
• FUNGUS INC. -.-
• TRALCO INVETMENTS, INC.
• ROLDAN INVESTMENTS, CORP.
• MOHICAN INVESTMENTS, S.A.
• LASTFORD INVESTMENTS, S.A.
• OREGON PLAZA, S.A.
• DODGE ALLIED INC.
• UXDA INC.
• YABOTI INC.
• CORPORACION JIA S.A.
• DELICATESSEN BERTA DE PELAEZ, S.A.
• CORPORATION LLANTUR S.A.
• INVERSIONES VILAIMA S.A.
• LUZNAVES, S.A.
• ANIMARCAS, S.A.
• RIVENA, S.A.
• WMB INTERNATIONAL CORPORATION
• WAKEFIELD HOLDING LTD.INC.
• GRASPIN INC.
• FREJ TRADING INC.
• MONMECA S.A.
• GLAYMOUR COMMERCIAL S.A.
• POKADO INC.
• AYATO COMMERCIAL INC.
• VELICADA FINANCE INC.
• MAGANIOS CORPORATION
• KERAMOS INDUSTRIAL INC.
• JAIPUR COMMRCIAL INC.
• JARAYA INDUSTRIAL INC.
• VENZIANO PRODUCTIONS S.A.
• ZAYATANA CORPORATION
• SASSAFRA COMPANY INC.
• AKARIAS PRODUCTIONS INC.
• JOANINA INDUSTRIAL, S.A.
• MYCRIAM FINANCE, CORP.
• MORPHIA COMPANY INC.
• PIZANO INC.
• LASSA COMMERCIAL INC.
• SIROCCO INDUSTRIES, S.A.
• LIPICIA COMPANY INC.
• RAJUAN INVESTMENTS, INC. (E. DE A.)
• JADJUR TRADING CORP. G.A.J.
• KATGAP TRADING INC.
• PHAETONAS CORPORATION S.A.
• INTERNATIONAL VALVE INDUSTRIES INC
• VELASQUEZ Y LOPEZ, S.A.
• SERVICIO AERONAUTICO DE PANAMA, S. A. (SAPASA)
• TINABUL, S.A.
• LA TAIFIENNE INC.
• IRONBERRY CORP. S.A.
• CRIANZA Y REPRODUCCION, S.A.(C.Y.R.)
• MINESANCO INC.
• SELECTED VINTAGES INTERNATIONAL (SVISA) S.A.
• TRANSATLANTIC GRAIN INC.
• MYRI INDUSTIAL CORP.
• MANTEQUILLA S. A.
• APPIANO INDUSTRIAL INC.
• BISKAYA CORPORATION
• NIAMA, S.A.
• ZAKUSKA COMPANY INC.
• CARSWELL FINANCIAL INC.
• KARSIS INDUSTRIES INC.
• VENORA INTERNATIONAL INC.
• CHALLOW COMMERCIAL INC.
• MARATEA INDUSTRIAL S.A.
• CHINTILA ASSOCIATED CORP.
• EASTERN COUNTIES, S.A.
• PIKE'S PEAK CORPORATION
• INVERSORA NEVADA, S.A.
• VEPOL MANAGEMENT CORP
• KIDIANA INC
• ORANUL MANAGEMENT CORP
• SOFTCENTRE, S.A.
• ARBOL SOMBRA INC
• CATRA UNO S.A
• SUMMA HOLDING INC
• SAXON PLAZA CORP.
• GOSCO INC.
• WALLY INTERNATIONAL, S.A.
• CEDAR HILL CORP.
• MARMORIE S.A
• TRANSPORTES MADURO, S.A.
• LATIN ENGINEERING TURNKEY AND SERVICE INCORPORATED
• EXPO STYLE S.A.
• NETZINE, S.A.
• VAUBAN INVESTMENTS INC
• VASARI INVESTMENTS INC.
• JADMIR CORP.
• TRADE FRAME, S.A.
• TUDELA, S.A.
• CRUDA FARM, S.A.
• MICRO SERVICE,S.A.
• XAPECO, S.A.
• TOHELE INVESTMENTS S.A.
• YANATILI, S.A.
• KARIKAL, S.A.
• ELANO INVESTMENTS S.A.
• SALINAS ENTERPRISES INC.
• L. MON & ASOCIADOS, S.A.
• PLAINPALAIS, S.A.
• BISIDORE INC.
• INVERSIONES JOAV S. A.
• BILCO CORPORATION
• KARPOUSI INC.
• CHEPIN S.A.
• ARGONAUT MERCHANT INC.
• NORTHGATE FINANCE INC.
• GAKOP CORPORATION.
• DONEREIL TRADE INC.
• SOMARCA INC.
• HAFOGI TRADE CORPORATION
• PRODUCCIONES FRACAM S.A.
• RAKTAK INC.
• GAM ERMITAGE INVESTMENTS INC. D
• ESTURGAL INC
• AMERTRANS S.A.
• ENGINESELL S.A.
• BLINIS INC.
• HALLIBURTON LOGGING SERVICES (M.E.), S.A.
• QUICKSHELL S.A.
• AXHOLD INC.
• GREYSTONE PROPERTIES INC.
• AFRISELL S. A.
• TOOLSELL S. A.
• CAMIONES COMERCIAL Y FINANCIERA, S.A.
• SAZI, S.A.
• INTAKUNA, S.A.
• PUBLISALES INTERNATIONAL INC.
• CORPORACION LOS PINOS, S.A.
• DUVAL-INDUSTRIAL FOREIGN TRADING CORPORATION
• KOTUMI INC.
• U. S. CHEMICAL INDUSTRIES CORP.
• KIRKFORT TRADE INC.
• MAILLANE, INC.
• WYLAND INVESTORS, INC.
• HOLLYHILL INC.
• CHRISTEV INC.
• ROCHESCA INC.-
• FILLAKIS, S.A.
• TAMBAY CORP.
• MAGIQUE S.A.
• EXTRO INVESTMENTS, S.A.
• INVERSIONES MARKELA S.A.
• DIMETU INVESTMENT INC.
• KIMBOS INVESTMENT INC.
• FLAKIS INVESTMENT INC.
• INVERSIONES SESIBEL S.A.
• MINERHELIX INTERNATIONAL, INC.
• UNITEC PANAMA TRADE, INC.
• EMBARCADERO LINES, S.A.
• NEGGIO TRADING INC.
• PAMBIO TRADING INC.
• GOMEZ TOMAZ ASOCIADOS, S.A. CANCELACION DE LICENCIA
• PRESA, INC.
• ZAGACOM INVESTMENTS, INC.
• LETTIZUR INVESTMENTS INC.
• PROMO AD, S.A.
• STONE AGENCY INC.
• ZOYSIA INVESTMENTS INC.
• AREDACAR, S.A.
• VITIZA, S.A.
• JAHRA, CORP.
• WESER, S.A.
• HARATVEL TRADING S.A.
• COLBY TRADING AND INVESTMENT CORP, INC.
• FULEJI CORP.
• COBUSA,CORPORACION OBUS, S.A.
• MFD INTERNATIONAL CORP. INC.
• CHARIVARI, S.A.
• ARKENSA, S.A.
• ZISLEY TRADE, S.A.
• ALPHA-SIGMA CHEMICALS INCORPORATED -.-
• CRATER CHEMICALS INCORPORATED
• PERSAN TRADE, S.A.
• INDART TRADE, S.A.
• TESTINOR TRADING INC.
• TRISANA HOLDING S.A.
• PRAMIRA HOLDING S.A.
• EDENDALE, S.A.
• DALMANGO, S.A.
• DICEME S.A.
• HARLASCHKA INVESTMENT AND FINANCE CORPORATION.
• PROMALI, S.A.
• EUROANDINA TRADING COMPANY, INC.
• PULPSELL LTD. S.A.
• PAINTTRADE LTD. S.A.
• OLYMPIAN INTERNATIONAL BUSINESS CORPORATION
• MECEMON INVERSIONISTA S.A.
• BALUCCI, S.A.
• FUMIGADORA INDUSTRIAL, S.A.
• IROLMED CORPORATION
• XURAN INC.
• WARA CORPORATION
• HARAS LOS GUAYACANES, S.A.
• AMERICAN CASTER CORP.
• MAPLEFIELD, S.A.
• SUNSHADE, S.A.
• RAIVAC INC.
• YAZAMAN BLOODSTOCK COMPANY S.A.
• PILLAR INVESTMENT, S.A.
• INVERSIONES GIACOMO, S.A.
• GLOBAL ASSISTANCE INC.
• HERGESSE INC
• TIVAL INVESTMENTS INC
• AIRSEA & LAND HOLDING, S. A.
• VILLACH INVESTMENTS INC.
• VILLANDRY INVESTMENTS INC.
• GEVECA, CORP.
• PRUNELLA INC.
• ARBITRAL,S.A.
• LIGARIS S.A.
• GULF STAR SHIPPING LTD.INC.
• PROFESIONALES INCORPORADOS DE INGENIERIA Y ARQUITECTURA
• CORPORACION GUANAJA S.A.
• TECNOCONSULT INTERNACIONAL S.A.
• AVERY LTD. INC.
• WORLDWIDE LTD. INC.
• EYELINE LTD. INC.
• SPEEDWAY LTD. CORP.
• TRADINSA - J.S. HOLDING LTD., INC.

Agent

• UKOLA, CONSULTORES DE SEGUROS, S.A.