JUAN CARLOS ESPINOSA JIMENEZ

Director

• EMPRESAS GARZON, S.A.
• PACIFIC HILL 2-11, S.A.
• ALVES & CO . ASSETS, INC.
• SKETCH, INC.
• DESARROLLO INMOBILIRIO_CERRO CHAME,S.A.
• PACIFICA DE FINANZAS S.A.
• RED BULL, INC. (TORO ROJO, S.A.).
• GANADERA RIO ORIA, S.A.

Subscriber

• COSTA ORO REALTY, CORP.
• FOCUS FS, INC.
• SOL TERRA GROUP, CORP.
• PINEVERE CORP
• MENTOR REALTY CORP.
• PACIFIC HILL 2-11, S.A.
• HEXUS, CORP.
• BADGER LAND TITLE, CORP.
• R & C GROUP, CORP.
• GRAPHICS & PAPER INTERNATIONAL,S.A.
• KING COLE REALTY, CORP.
• VIAJES VINTUR, S.A.
• PLINCO ,S.A.
• ASR INVEST LTD S.A.
• VON ALVEN CORPORATION
• WARBURG CAPITAL HOLDING LTD S.A.
• DIGILUME, INC.
• ARGO SOFTWARE SOLUTIONS, INC.
• CORPORACION FARMACIAS CHAVARRIA CENTROAMERICANA, S.A.
• DSS INTERNATIONAL INC.
• INFINITY DEVELOPMENT,CORP.
• NEPTUNE REALTY, CORP.
• DOLPHIN CREST,S.A.
• BELLA VISTA TRUMP, S.A.
• BELLA VISTA CAUSEWAY, S.A.
• RED SEA GROUP CORPORATION
• OCEAN & PARTY INDUSTRIES,CORP.
• DEVELOPMENT & INDUSTRIES, INC.
• UNITRAP HOLDING, CORP.
• ANTENA AGENCIA NAVIERA, S.A.
• LATIN AMERICAN HOUSES, CORP.
• STAR SPECIAL CORPORATION INC.
• FSI GROUP, CORP.
• PROGRAM ADVISERS, INC.
• FOUR WINDS TRADING, CORP.
• FABIEN VALENTIN, INC.
• BIO GAS & OIL SWISS S.A.
• GRUPO EL ROMPIO, S.A.
• PREXTON, S.A.
• ADVANCE CAPITAL CORP.
• ALVES & CO . ASSETS, INC.
• AGE MANAGEMENT PANAMA, INC.
• GET RX, S.A.
• RX MALL,S.A.
• THE WORLD ARTIST CONNECTION INC.
• SILVERTHORNE CAPITAL INVESTMENT,INC.
• PAPPER INTERNATIONAL, S.A.
• MAVITAGE, S.A.
• NOUVEAU CHILO,INC.
• BOMABO, S.A.
• MARFER HOLDING, INC.
• DABOMA, S.A.
• PERPAD, INC.
• LOTABO, S.A.
• NOUVEAU CHILO I, INC.
• MABOC, S.A.
• CARINIGO CORPORATION
• NUTABO, S.A.
• TABONU CORPORATION
• NOUVEAU CHILO III, INC.
• THE NEW HONG KONG, INC.
• NOUVEAU CHILO V,INC.
• BOMARTI,S.A.
• NOUVEAU CHILO IV, INC.
• SEVERAN INVESTMENTS INC.
• RIO CONDE, S.A.
• DOS MARS DEVELOPMENT CORP.
• GOLDEN ELPIDA,S.A.
• INTERINVESTMENTS PRIVATE CORP.
• HAMILTON MOUNT PLEASANT, INC.
• FLUEX, INC.
• NEW YORK SHORE NETWORK, INC.
• PCDC MANAGEMENT SERVICES, INC.
• LATIN AMERICAN DEFAULT SOLUTIONS, INC.
• LOGS OF PANAMA, S.A.
• INMOBILIARIA SOLEIL PLAZA, S.A.
• PROMOTORA ZIMA TOWER, S.A.
• PANAMA DREAM HOMES, INC.
• SKETCH, INC.
• MICHELLE GORGONA, S.A.
• GATUN LAKE ESTATES, INC.
• PREMIER LOFT 8B, S.A.
• UNIVA CAPITAL MANAGEMENT, INC.
• MUNAQUITA HOLDINGS, INC.
• WSAI HOLDINGS, INC.
• KRAVET, S.A.
• MUSTAFF TRADING, CORP.
• SOUTHWEST SERVICE AND SALES PROS, INC.
• DTBS, INC.
• INTERNATIONAL FOREIGN TRADE COMPANY, INC.
• COSMOPOLITAN PROPERTIES, INC.
• GREAT NORTH STAR INTERNATIONAL, INC.
• THREE ORANGES, INC.
• LANDMARK DEVELOPERS, INC.
• GABBY GORGONA,S.A.
• GIGI GORGONA, S.A.
• ALOTREND, S.A.
• KAFTON TRADE, INC.
• METRECK INTERNATIONAL, INC.
• YO MISMO, S.A.
• JOSALIN JEEPSTER, S.A.
• TEN GRAND CHILDREN, CORP.
• GLORIELA GORGONA, S.A.
• CAROLYN ARENOSA, S.A.
• GILMAN INVESTMENT COMPANY INC.
• GALVIN INVESTMENT COMPANY INC.
• APEX GLOBAL TRADING INC.
• GLOBALECOM INC.
• CASH PLUS FINANCIAL CONSULTANTS, INC.
• ALESSANDRIA CORPORATION INC.
• MAGNUM INTEGRATED TECHNOLOGIES, INC.
• VICEROY CAPITAL, CORP.
• VICEROY METALS, INC.
• BERLINA INVESTMENTS, INC.
• TURF IS EARTH INC.
• CARMEN AYALA, S.A.
• MONKEY ISLAND REALTY INC.
• PROPIEDADES DEL ISTMO S.A.
• ZEFAROS TRADING INC.
• ROMTON INC.
• BETRONDO INC.
• INCA CONCEPT INC.
• DESARROLLO INMOBILIRIO_CERRO CHAME,S.A.
• ITHACA PROPERTIES INC.
• INTERNATIONAL EXCHANGE GROUP, INC.
• PATTON INVESTMENTS INC.
• MP 30C, INC
• A 1201, CORP.
• GRENADA INTERNATIONAL SERVICES, INC.
• REX TRUCKING & LOGISTICS,S.A.
• RONLIN PROPERTIES, INC.
• GLOBAL INTERNET SERVICES, INC.
• PANAMA PARASAILING AMADOR, INC.
• PANAMA WATERSPORT ADVENTURE, INC.
• SHIP POINT PROPERTIES, INC.
• AUSTERLITZ INVESTMENTS INC.
• HILAR TRADE GROUP, INC.
• TRANSNATIONAL DEALERS, CORP.
• OFFSHORE EXPRESS LTD., INC.
• MACTOOLS, INC.
• DISCOVERY BAY HOLDINGS, INC.
• SUCCESS THROUGH ADVERTISING, INC.
• PREMIUM REAL ESTATE,S.A.
• OVERSEAS CAPITAL SOLUTIONS, INC.
• PLAMAX LIMITED, INC.
• SALCON TRADE, S.A.
• SCOOTERS OF AMERICA,CORP.
• PACIFIC SPORTING FUND HOLDING, INC.
• FROLST HOLDING,S.A.
• INVESTPROPERTIES AMERICA, INC.
• CHOKOM, S.A.
• PANAMA PARASILING CORP.
• ABCOSTURA, INC.
• CAPITALES EMERGENTES, S.A.
• BEACH DEVELOPMENT CORPORATION.
• TTS S.A.
• ABL GROUP, INC.
• TRASATLANTIC SEA TRADING CORP.
• AURORA TRADE CORP.
• GRUPO ALIA, S.A.
• FORE INVESTMENTS INC.
• NIDES FINANCE CORPORATION
• INTERNATIONAL GOLDSTORE CORP.
• CONSORCIO DE GESTION CAPITAL, S.A.
• PAN-AMERICAN STEEL PRODUCTS, INC.
• TIKAL CONSULTORES ESPECIALIZADOS, S.A.
• JR GROUP, INC.
• PINTOMA S.A.
• TCM SERVICES, S.A.
• MIDGLOBAL ENTERPRISES,INC.
• TIKAL MANAGEMENT, INC.
• FAS & CO CAPITAL INC
• IDEA PUBLICIDAD, INC.
• HOS INVESTMENT GROUP INC.
• INMOBILIARIA TRASATLANTICA,S.A.
• TIMSHAL, INC
• ATLANTICA DE INVERSIONES CORPORATIVAS S.A.
• GLOBAL FX MANAGERS, S.A.
• NEWCASTLE TRADE, CORP.
• MUNDO INTIMO 507, S.A.
• LIVE WELL PHARMACUETICALS INC.
• DINYAN INTERNATIONAL, S.A.
• ORLAN SHIPPING COMPANY, S.A.
• ECONOCONSULT LTD, INC.
• MAXIMUS MANAGEMENT, S.A.
• LAUDATA INTERNATIONAL, CORP.
• INTEREXPRESS LOGISTIC SERVICES, INC.
• GREENEST GROUP,INC.
• OIL AND GAS MANAGEMENT COMPANY, S.A.
• GF STEAMSHIPS S.A.
• YACHT & SAIL INVESTMENTS S.A.
• MISSION 3,INC.
• XPLODE MEDIA NETWORK, INC.
• FRACTAL FILMS, S.A.
• GRANT FUNDING SEARCH,INC.
• ASCOT CROSSING, CORP.
• SETTLEMENT GROUP S.A
• MOUNTAIN TREASURES, INC.
• THE MEAR MARKETING GROUP,INC.
• ARARAT GROUP, CORP.
• DRAMA TECH MARKETING INC.
• FAMILY CREDIT SOLUTIONS,CORP.
• ALL AMERICAN DRUGGIST, INC.
• ISETTLEMYDEBT, S.A.
• ALPHA CREDIT, S.A.
• ADFUND, CORP.
• CREDIBLE, CORP.
• PININFARINA, CORP.
• PINARELLO CORP
• GIPCA GESTION INTEGRAL DE PROYECTOS C.A., INC.
• PMV CONSULTORES S.A.
• ALMANDRABA REALTY, CORP.
• CASA DE MATERIALES 3H, S.A.
• ROMERO-IBAÑEZ, S.A.
• S & G SISTEMAS DE PANAMA, S.A.
• SUBVZLA DE EL SALVADOR, INC.

Agent

• PINTOMA S.A.