JAVIER AROSEMENA

Director

• EUROLATIN HOSPITALITY CORP.
• EUROLATIN DEVELOPMENT CORP.
• RIQUEZA DE TONOSI, S.A.
• SUPERACION PERSONAL, S.A.
• CARNIVALE HOLDINGS S.A.
• ACLA INVESTMENTS , INC
• A.B. EXPRESS, INC.
• RGK INVESTMENT INC.
• INMOBILIARIA DEL SOL ,S.A.
• ARGON SERVICES, INC.
• ARGON REAL ESTATE, INC.
• LODESTONE LTD., INC.
• USASIAN, INC.
• MAGNEGEN SYSTEMS INC.
• MAXIMUM MAGNETICS INC.S.A.
• JANES INVESTMENT CORPORATION
• VINO TINTO, S.A.
• SONOMA INVESTMENTS, CORP.
• AGROPANAMA INTERNATIONAL S.A.
• INMOBILIARIA GLORIELA, S.A.
• TACTICAS, S.A.
• ROMULUS HOLDING S.A.
• SENSATION K, S.A.
• INMOBILIARIA URUGUAY, S.A.
• SIRIUS BUSINESS CORP.
• GRUPO CANGREJO INVERSIONISTA, S.A.
• ROKA DEVELOPMENT, INC.
• AZUERO SUNSET REALTY INC.
• ARGON AVIATION, INC.
• CORONADO GOLF 12-B, S.A.
• RIVERSIDE 20-D, S.A.
• RIVERSIDE 23-C, S.A.
• CARIBBEAN STAR VILLAGE,INC.
• TANGIBLE ASSETTS GROUP PANAMA, INC.
• BALBOA H20 VIEW 17,INC.
• TEKEROS PANAMA, S.A.
• MORRO NEGRITO PACIFIC OCEAN PROPERTIES, INC.
• VISTAMAR PACIFICA, S.A.
• EMIR HOLDING, S.A.
• SILKWAY ENTERPRISES INC.
• PANAMA PINEAPPLE PLANTATION,INC.

Subscriber

• LA POSTA 1705,S.A
• INMOBILIARIA VISTA CUARENTA Y SIETE,S.A.
• IN MOBILIARIA MERIDIANO S.A
• CAURA DEVELOPMENT CORP.
• FRUITS OF PANAMA, INC.
• THE PANAMA INTERNATIONAL HOTEL SCHOOL, INC.
• MAREJO S.A
• EUROLATIN HOSPITALITY CORP.
• EUROLATIN DEVELOPMENT CORP.
• REAL ESTATE PROFESSIONALS, INC.
• GRUPO H & E, S.A.
• GRAND SUN INVESTMENT,CORP.
• GRAND PALM INVESTMENT, CORP.
• INVERSIONES PUNTO ALION PANAMA, S.A.
• INGENIERIA INSULAR, S.A.
• MOUNT BLACK REALTY CORPORATION
• GRAND TERRACOTA, INC.
• GRAND SIENA, INC.
• GRAND CORAL, INC.
• GRAND BLUE, INC.
• GRAND SCARLET INC.
• GRAND LAVENDER, INC.
• GRAND EMERALD, INC.
• GRAND ACQUA INC.
• GRAND AMBAR, INC.
• GRAND IVORY, INC.
• GRAND VIOLET, INC.
• GRAND RUBY, INC.
• GRAND TURQUESA, INC.
• GRAND YELLOW, INC.
• GRAND SAFIRO, INC.
• GRAND ORANGE, INC.
• GRAND RE, INC.
• GRAND MAGENTA, INC.
• GRAND GREEN, INC.
• GRAND SILVER, INC.
• ORINOCO GROUP, S.A.
• TRANSNICA TRADING ZONE, INC.
• INVERNICA INVESTMENT CORPORATION
• MOLMO INVESTMENT CORP.
• RIQUEZA DE TONOSI, S.A.
• MAGALLON NATIONAL SERVICE, INC.
• CONSTRUCTORA ALPINA,S.A.
• CONSTRUCTORA VERDE MAR,S.A.
• INMOBILIARIA RIVERSIDE, S.A.
• GOLDEN PANAMA PROPERTIES, INC.
• DIAMOND HOLDING INVESTMENT CORPORATION
• JW JARAMILLO PROPERTIES, INC.
• FIFI HOLDING CORPORATION
• SUPERACION PERSONAL, S.A.
• TERRA DEVELOPMENT & INVESTMENT CORP.
• B1 EXPERT SOLUTIONS,INC.
• UCCP CORPORATION
• PUNTA BARCO INVESTMENT, CORP.
• CARNIVALE HOLDINGS S.A.
• FARALLON RIVER & SEA DEVELOPMENT. S.A.
• CONSTRUCTORA TURQUESA, S.A.
• CONSTRUCTORA VICTORIA, S.A
• CONSTRUCTORA COLINA, S.A.
• CONSTRUCTORA MONTEGRANDE, S.A.
• MONACO INVESTMENT CENTER DOS, INC.
• MONACO INVESTMENT CENTER UNO,INC.
• PARQUE LEFEVRE CALLE 4, S.A.
• CITY HALL HOLDINGS, INC.
• ALMACENADORA ALMAR, S.A.
• OCEAN VEINTICINCO, S.A.
• OCEAN DIECINUEVE, S.A.
• CENTRO COMERCIAL ALBROOK GARDENS, S.A.
• TUCAN LOCO CORPORATION
• CORONADO BREEZE CORPORATION
• BBS CORPORATION.
• MIRAFLORES DEVELOPMENT CORP.
• ARCAVI INVESTMENT, CORP.
• OCEAN VEINTISEIS, S.A.
• INMOBILIARIA G & K, S.A.
• M. VASQUEZ ARQUITECTOS S.A.
• PROPERTY MANAGEMENT SOLUTIONS, INC.
• PARK PLACE INVESTMENT INC
• GRUPO ALTAMIRA, S.A.
• PORTO VECHIO, S.A.
• TORRE 160, S.A.
• OCEAN FUN WATERSPORTS, INC.
• PARADISE PROPERTIES INVESTMENT, INC.
• TREGUA HOLDING CORP.
• SAN GERMAN EQUITY CORP.
• NISPERO INVESTMENT INC.
• ACLA INVESTMENTS , INC
• PASEO DORADO, INC.
• URUGUAY DEVELOPMENT, CORP.
• RGK INVESTMENT INC.
• BRISAS MARBELLA 18-B,S.A.
• COSTA LAS PERLAS 39, S.A.
• COSTA LAS PERLAS 40, S.A.
• INMOBILIARIA DEL SOL ,S.A.
• REGNIWOL, INC.
• ARGON SERVICES, INC.
• ARGON REAL ESTATE, INC.
• GARCIA DEVELOPMENT,CORP
• CANTERA Y EQUIPOS EL MENHIR, S.A.
• RESIDENCIAL DON ESTEBAN, S.A.
• INVERSIONES RIMAJE ,S.A
• SAFETY & RESCUE SUPPLIES,INC.
• ALCE HOLDING, INC.
• PATAGONIA BUSINESS CORP
• PATAGONIA DEVELOPERS & CONSULTING,CORP.
• SOLFER, INVESTMENT, CORP.
• PALMERAS DEL ESTE, S.A.
• LIROMA INTERIOR DESIGN INC.
• JUBAR CONSTRUCTORES, S.A.
• MARINE SUMMER INC.
• MONKEY BUSINESS INC.
• MARINE WINTER INC.
• MARINE AUTUM INC.
• GREY OWL INVESTMENT CORP.
• MARINE SPRING INC.
• H.B. HOLDING CORPORATION
• I.L.M. HOLDING CORPORATION
• BUENA CASA, S.A.
• LAO INVESTMENT CORPORATION
• COSTA DE LAS PERLAS, S.A.
• CENTRO MEDICO CUATRO ALTOS DE COLON, S.A.
• JANES INVESTMENT CORPORATION
• P.R.V.C. S.A.
• VINO TINTO, S.A.
• MARBELLA BREEZE CORP.
• INMOBILIARIA PARK ONE, S.A.
• SPRINT REAL ESTATE, S.A.
• INMOBILIARIA PARQUE MARBELLA NO.6-A, S.A.
• SUPLI-SERVICIOS PANAMA, S.A.
• ALEVIC INVESTMENT CORP.
• YELLOW CAT INVESTMENT INC.
• BREAD & BUTTER DEVELOPMENT CORP.
• MAVIKA DEVELOPMENT CORP.
• GAMMA REAL STATE, INC.
• TAGA, S.A.
• ASTECA, S.A.
• TSH PROMOTORES S.A.
• BIENES RAICES OLAYVAR S.A.
• INTERNATIONAL LACOST DEVELOPMENT, INC.
• DELICIAS SALVADOREöAS S.A.
• INVERSIONES PASAMAR, S.A.
• BREEZE PARK, CORP.
• COSTA DEL ESTE BREEZE 41,S.A.
• INMOBILIARIA VISTA MARINA II, S.A.
• PARQUE DEL MAR 29A, S.A.
• NG LONG CORP., S.A.
• GRUPO CANGREJO INVERSIONISTA, S.A.
• TERRAPOLIS INC.
• GREAT VIEW HOLDING CORP.
• INVERSIONES LADERAS DEL MAR, S.A.
• ROKA DEVELOPMENT, INC.
• SOLARIUM HOTEL & BEACH CLUB, INC.
• GRAND COAST, INC.
• GRAND DIAMOND, INC.
• GRAND PEARL, INC.
• IMPULSO SOLUCIONES CREACTIVA S.A.
• TOTALITY FIRST INVESTMENT CORP.
• INMOBILIRARIA TORTUGA, S.A.
• CONSTRUCTORA, ELY, S.A.
• CONSTRUCTORA PELTOR S.A.
• CASA DEL MAR BEACH CORPORATION
• INMOBILIARIA PELICAN, S.A.
• AZUERO SUNSET REALTY INC.
• ARGON AVIATION, INC.
• CORONADO GOLF 12-B, S.A.
• RIVERSIDE 20-D, S.A.
• RIVERSIDE 23-C, S.A.
• PURASANA DE PANAMA,S.A
• ROYAL PRIME SERVICES, INC.
• PANAMA KNIGHTS, CORP.
• OMEGA HILLS, CORP
• JONATHAN MARTIN ZONA LIBRE,S.A.
• CARIBBEAN STAR VILLAGE,INC.
• TANGIBLE ASSETTS GROUP PANAMA, INC.
• PANAMERICAN AUTOMOTOR TRADING, CORP.
• PRIMEVERA PANAMA INVESTMENT, INC.
• J.J. MARINE INTERNATIONAL,CORP.
• EXPORTNEW, INC.
• BFH, INC.
• MORRO NEGRITO PACIFIC OCEAN PROPERTIES, INC.
• VISTAMAR PACIFICA, S.A.
• EMIR HOLDING, S.A.
• AGRO-RIQUEZAS DARIEN, S.A
• CATARSI HOLDING, CORP.
• TAPUSA PANAMA, S.A.
• BEST FRUITS,CORP.
• PH VICTORIA 21 C,S.A.
• TEN TOWER 25 A,S.A
• PANAMA PINEAPPLE PLANTATION,INC.
• ORINOKIA MINING, CORP.

Agent

• SOCIEDAD GRANDES CAOBOS, S.A.
• LEGIHE, S.A.
• AMSEGO, S.A.
• LAS MERCEDES INTERNACIONAL, S.A.
• INTERNATIONAL LACOST DEVELOPMENT, INC.