JUAN JOSE ESPINO SAGEL

Director

• BP YACHT MANAGEMENT INC.
• CLEAR SAILING S.A.
• UNITED TROPICAL WAYS INC.
• PILLAR UTILITIES S.A.
• BLU STATE HOLDINGS S.A.
• SAN JOSE PROPERTIES INC.
• BOCAS DEL MAR S.A
• DESIRABLE ENTERPRISES CO.S.A.
• SHANGHAI FASTENERS IMPORT CO. S.A.
• TIANJIN TUTLE INTERNATIONAL TRADE CO, S.A.
• BUSINESSPANAMA REAL ESTATE CORPORATION
• TITLE & ESCROW INC.
• ASYTOPIT LIMITED, INC.
• BUSINESSPANAMA CAPITAL CORPORATION
• BUSINESS PANAMA ADVISORY SERVICES INC.
• CORPORACION LA MOVIDA, S.A.
• 2 EAGLES FINANCIAL SERVICES, CORP.
• SERPENTINE HOLDINGS LIMITED,S.A.
• LINKWELL INDUSTRIES COMPANY LIMITED,S.A.
• FASTWELL INDUSTRIES COMPANY LIMITED,S.A.
• COMERCIAL CENTRO Y SUR, S.A.
• ALMEGA TRADING INTERNACIONAL, S.A.
• INDEPENDENT MERCHANT LIMITED, S.A.
• WEST GROUP LIMITED S.A .
• BERVERLY UNION LIMITED, S.A.
• CLASS FINANCE, INC.
• GASTON SERVICES, INC.
• ROYAL FINANCE, INC.
• CASTLE CENTER INC.
• PEX TRADE CORPORATION, S.A
• BECKERS COMPANY INC.
• CAMDEN BROKERAGE LIMITED, S.A.
• BALDWIN WORLDWIDE, INC.
• TALBOT PROFESSIONAL SERVICES, S.A.
• MACON INTERNATIONAL LIMITED, S.A.
• SUMTER INDUSTRIAL CORPORATION, S.A.
• EASTMAN FUND MANAGERS, S.A.
• KNOXVILLE ENTERTAINMENT, S.A.
• CANDLER PROFESSIONAL SERVICES, S.A.
• TIFT INFORMATION SERVICES S.A
• IRWIN COMMODITIES LIMITED, S.A.
• COMERSA INVESTMENTS, S.A.
• COOBER FUNDS MANAGEMNT INC.
• NEW WORLD SOLUTIONS INC.
• LIENZ MANAGEMENT FIRM, INC.
• DERBY ASSET PROTECTION,INC.
• ARMIDALE MANAGEMENT COMPANY, S.A.
• TIMOR OFFSHORE PROFESSIONAL INC.
• PORT CREEK PRODUCTS, INC.
• ADELAIDE PORTFOLIO MANAGEMENT,INC.
• WAGGA EXCUTIVES LIMITED, S.A.
• BELLUNO INTERNATIONAL LIMITED, S.A.
• CORONADO BRIDGE CONSTRUCTION LIMITED S.A.
• PERRY ON-LINE SERVICES, INC.
• CANTERBERRY AGENTS, INC.
• SERENA TRUSTEE SERVICES, INC.
• MONTEVIDEO PROPERTIES LIMITED S.A.
• BUENOS FISCAL INCENTIVES, INC.
• POINT SOLUTIONS LIMITED,S.A.
• SERA INTERNATIONAL,CORP.
• CAPITAL FINANCE LIMITED, S.A.
• TISCO SERVICES, INC.
• REALTY FINANCE GROUP, S.A.
• DELTA UNION LIMITED, S.A.
• TOPTOR,S.A.
• VELOTON, S.A.
• PELTON,S.A.
• ASCADIA, S.A.
• VECTRINOL, S.A.
• DANIUR,S.A.
• ELITOUN,S.A.
• FIBROCENTRO S.A.
• XTEND LIFE NUTRACEUTICALS, INC.
• CEDION, S.A.
• EXINT INVESTMENTS GROUP, S.A.
• TECHNOCOM LIMITED S.A.
• ADLAN,S.A.
• GONTEX, S.A.
• HELION, S.A.
• S.I.S. STUDIO ,S.A.
• GERRA CORPORATION S.A.
• LOGOTECH GROUP, INC.
• ST FINANCE CORPORATION, S.A.
• MIDFORD CORPORATION, S.A.
• RIGGS, INC.
• TRANSWORLD, INC.
• C I T INC.
• DEPESER LIMITED S. A.
• ROLTACK, S.A.
• SENITEX, S.A.
• ADOLINE, S.A.
• BRAMANTE CORPORATION, S.A.
• NASHFORD CORPORATION, S.A.
• GARTAND CORPORATION, S.A.
• REDSHELD CORPORATION S.A.
• PRAGADA CORPORATION S.A.
• DUPONT INTERNATIONAL BUSINESS, S.A.
• BAJA BLANCA S.A
• RED CONCH, S.A.
• EASTLAND CORPORATION, S.A.
• DAYBRIDGE ENTERPRISES, S.A.
• LOYAL FUND, S.A.
• MERIDA ENTERPRISES LIMITED, S.A.
• DELMARCO, INC.
• UKSON LIMITED, S.A.
• MIRABO CORPORATION, S.A.
• NILANA LIMITED S.A.
• PARKWELL CORPORATION, S.A.
• BELBROOK CORPORATION S.A.
• SHERVICK CORPORATION, S.A.
• EUROCAPITAL HOLDINGS GROUP, S.A.
• EUROCAPITAL OFFSHORE GROUP, S.A.
• SERVICE FINANCIAL GROUP (SERVIFIN), S. A.
• PLOY SUWAN, INC.
• LANDERS CORPORATION, S.A.
• WINDLOCK TRADING LIMITED S.A.
• GLOBAL TECH MANAGEMENT, S.A.
• LORIMER INTERNATIONAL, S.A.
• KETTERING TRADE GROUP, S.A.
• EXIN INVESTMENT, S.A.
• INGERSON EUROPEAN, S.A.
• MILLIGAN GROUP, S.A.
• STALTBERG S.A.
• GULFSTREAM LIMITED S.A.
• NAT TRADE CORPORATION, S.A.
• MELENIX, S.A.
• EXSTALT, S.A.
• BARRY & FOX, INC.
• MALLORY GROUP CORPORATION, S.A.
• ASTIN REX, S.A.
• FINALLIANCE CORPORATION S.A.
• WILLSON ENTERPRISES INC.
• EURO CONSULTING LIMITED INC.
• SPENSOR, S.A.
• COMLINES, S.A.
• PLATINUM INTERNATIONAL GROUP, S.A.
• RAFTER HOLDINGS INC.
• NORMANVILLE EUROPEAN, S.A.
• TROLLOPE TRADE & SERVICES, S.A.
• SARTON BUSINESS S.A.
• PEMBERTON GROUP S.A.
• WILBERT COMMERCIAL GROUP, S. A.
• STARK HOLDINGS, S. A.
• MORET INTERNATIONAL, S. A.
• HAY MANAGEMENT, S.A.
• CLARKE & TAYLOR, S. A.
• MCKINSEY & CO, S. A.
• LEMITON LIMITED, S.A.
• COMTEL MANAGEMENT LIMITED, S.A.
• VECTRAL SUIT, S.A.
• NEOMUSIC PRODUCTION, S.A.
• CENTRAL CRUISING,S.A.
• PAULTONS ALLIANCE, CORP.
• INTERNATIONAL EXCHANGE PANAMA, S.A.
• PET RESCUE, S.A.
• PINNACLE HEALTH INTERNAITONAL S.A.
• PANDAMORE SHIPPING CORP.
• WEIS OVERSEAS CORP.
• AMERECOM, S.A. (AMERICAS E-COMMERCE GROUP).
• PANCANAL.COM SERVICES, S.A.
• RUSLAN CONSULTANTS LIMITED S.A.
• ZARED, INC.
• IMPACT TECHNOLOGY, LTD.
• SKY EXPLORER CONTADORA, S.A.
• MISTER (MR) GADGET, S.A.
• TERNECA INTERNATIONAL PRODUCTS, INC.
• PRO TITE FASTENERS, INC.
• TALISKER INVESTMENTS S.A.
• INTERTEC HOLDING,INC.
• BUSINESS CONSOLIDATED CORP
• ITMAR FINANCES LTD.
• ATLAS MANAGEMENT SERVICES INC.
• UNIVERSAL INVESTMENT & FINANCES, S.A.
• SOLARTE GARDEN RESORT S. A.
• ARENA TRADING CORPORATION INC.
• MCP INTERNATIONAL, S.A.
• LEECH ENTERPRISE, S.A.
• ALFA EMPIRE INC.
• CENTRAL MANAGEMENT & TRADING CORP, S.A.
• WION TRADING CORPORATION S.A.
• CATALINA WATER SPORTS RESORTS S.A.
• SILVAL MEDIA LTD. S.A.
• D.P. SPORTCAR, S.A.
• GOTTHARD SERVICES, CORP.
• OCEANIC RECOVERIES INCORPORATED S.A.
• ATLANTIC UNITED TRADE INC.
• WESLEY INVESTMENTS & MANAGEMENT CORP.
• SURE & FIT SCREW CO., S.A.
• ASIA NUT & BOLT CORP INC
• THE ICE GROUP INTERNATIONAL, S.A.
• THE HARMONY BRAND TRADING INC.
• NORTHWEST INVESTMENTS, S.A.
• EASY FLY CONTADORA, S.A.
• C K D HOLDING, INC.
• CINCAR INVESTMENT INTERNATIONAL , INC.
• UNITED INTERNATIONAL SECURITIES INC.
• GLOBAL BOND AND SECURITIES MANAGEMENT,S.A.
• TECHNOLOGIES INTERNATIONAL, S. A.
• PANAMA JONES, INC
• DESARROLLO TURISTICO DE COIBA S.A.
• IMPULSE 161 S.A.
• SOCOCO AMERICAS CORP.-
• CONTEMPO COMUNICACION TOTAL, S.A.
• OMS IMP LIMITED, S.A.
• STAR SEARCH, CORP.
• EXPRESS INTERNATIONAL ENTERPRISES S.A.
• EXACTLY INVESTMENT, S.A.
• SERVICIOS GENERALES OGDEN S.A.
• PAN CHIBUSCO S.A.
• PANALEX INTERNATIONAL, INC.
• LAS PERLAS AQUA SPORTS, S.A.
• MONI TIERRAS, S. A.
• CENTRO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.- .- -

Subscriber

• IME BAYFRONT II, S.A.
• IME BAYFRONT I, S.A.
• AGRICULTURAL BUSINESS SERVICES S.A.
• ADVENTURESOME, INC.
• SOLOMON S.A.
• ALDAV S.A.
• CASTAWAY INTERNATIONAL INC.
• PNM, S.A.
• DAVPAUL, INC.
• EAGLECORP GROUP S.A.
• ARCHIPIELAGO INVESTMENT CORP.
• GOLDENSONG INTERNATIONAL INVESTMENTS INC.
• CENTRAL CORPORATE SECRETARIES INC.
• VIKINGO NINETEEN INC.
• VIKINGO ONE INC.
• VIKINGO TWO INC.
• VIKINGO THREE INC.
• VIKINGO FOUR INC.
• VIKINGO FIVE INC.
• VIKINGO SIX INC.
• VIKINGO SEVEN INC.
• VIKINGO EIGHT INC.
• VIKINGO NINE INC.
• VIKINGO TEN INC.
• VIKINGO ELEVEN INC.
• VIKINGO TWELVE INC.
• VIKINGO THIRTEEN INC.
• VIKINGO FOURTEEN INC.
• VIKINGO FIFTEEN INC.
• VIKINGO SIXTEEN INC.
• VIKINGO EIGHTEEN INC.
• VIKINGO TWENTY INC.
• SILVER FOREST INTERNATIONAL TRADING INC.
• GOLDEN BEACH TRADING CORP.
• GOLDEN LIGHT INVESTMENTS S.A.
• TROPICAL AMBITIONS, S.A.
• ONITS S.A.
• ELBO S.A
• NEW CENTURY CORPORATION, INC.
• POWER & LIGHT AMERICAN COMPANY GROUP, S.A.
• ARTONA HOLDING S.A.
• GLOBAL HOLDING INTERNATIONAL INC.
• DRS PANAMA S.A.
• CLEAN TECHNOLOGIES, INC
• DUN ATLANTIC S.A
• ROMEO TANGO S.A
• GEMWORKS MINING, INC.
• CUROCORP INTERNATIONAL LIMITED S.A.
• HERINET INC.
• INVEBER ,S.A
• DTA GENEOLOGICAL RESEARCH INC.
• THE DOMINICAN APPAREL CORPORATION ,INC.
• MEGA TECH CELLULAR CORP.
• GRAND LAKE INTERNATIONAL HOLDINGS S.A.
• BAHIA VENTURE INTERNATIONAL HOLDINGS CORP.
• GREEN BUTTERFLY INTERNATIONAL HOLDINGS, S.A.
• GREEN SEA INTERNATIONAL CORPORATION S,.A
• DESIRABLE ENTERPRISES CO.S.A.
• SHANGHAI FASTENERS IMPORT CO. S.A.
• TIANJIN TUTLE INTERNATIONAL TRADE CO, S.A.
• FAR SIDE TRADING INC.
• CASA NANA INC.
• PARADISE PROPERTY MANAGEMENT, S.A.
• BOCAS BOATS INC.
• BAMBINO HOLDINGS ,S.A
• DEUS MANAGEMENT, S.A.
• DMC MANAGEMENT S.A.
• BFC PROPERTIES S.A.
• PILLAR PANAMA, S.A.
• FRANKLIN WONG ASSETS CORPORATION INC.
• SUNGATE SECURITIES CORPORATION S.A.
• WEALTH PRODUCTIONS, INC.
• ASYTOPIT LIMITED, INC.
• EXECUTIVE OFFICES MANAGEMENT LIMITED, S.A.
• HAMILTON PROJECTS LIMITED, S.A.
• MDN GROUP LIMITED, S.A.
• FERRO ALLIANCE LIMITED S.A.
• NEK KOMMERZ, AG.
• SOLAREX LIMITED, S.A.
• INTERFLEX LIMITED, S.A.
• KFAM, INC.
• MONTPLAGE YACHT MANAGEMENT, S.A.
• ABLE LOAN LIMITED, S.A.
• TURNNELL TRADING, S.A.
• FRAGA TRADING CORPORATION, S.A.
• GAPA TRAVEL INC.
• MR. FAST, S.A.
• 2 EAGLES FINANCIAL SERVICES, CORP.
• SERPENTINE HOLDINGS LIMITED,S.A.
• CHUN YU WORKS, INC.
• OPVESTEC (OPTION INVESTMENTS & EQUITIES), INC.
• CUSSONIA, INC.
• MARLIN ENTERPRISES GROUP,S.A.
• GIG CORPORATION, S.A.
• MINERVA GROUP MANAGEMENT,INC.
• LINKWELL INDUSTRIES COMPANY LIMITED,S.A.
• FASTWELL INDUSTRIES COMPANY LIMITED,S.A.
• COMERCIAL CENTRO Y SUR, S.A.
• ALMEGA TRADING INTERNACIONAL, S.A.
• DRAGONS FOREVER LIMITED, S.A.
• INDEPENDENT MERCHANT LIMITED, S.A.
• EURONET GROUP, INC.
• LAVENDER HOLDINGS GROUP, S.A.
• ICE STAR HOLDINGS, INC.
• VITO FINANCIAL SERVICES, INC.
• CHROMA ENTERPRISES, INC.
• ENDO TRADING COMPANY, INC.
• ORCHID PROSPERITY, INC.
• LATO TRADING COMPANY, INC.
• ARNICA PROSPERITIES, INC.
• ENDIVE ENTERPRISES, INC.
• ASTER FINANCIAL SERVICES INC.
• ZOE MEDICAL RESEARCH, INC.
• GLOBAL MISSIONS, S.A.
• BREAKPOINT TRADING, INC.
• DIGI GRAPHICS INC.
• KINGS STUDIOS, INC.
• EXEPTIONAL EVENTS, INC.
• STEWART SOLUTIONS, INC.
• ARMANDA TRADING COMPANY, S.A
• ERMINE HOLDINGS INC.
• NEW WORLD SAFARIES, INC.
• GLENMOR PROPERTIES, INC.
• SHARPER FOCUS STUDIOS, INC.
• SURE SECURITY STORAGE, INC.
• IMAGE MARKETING, INC.
• CELINE INVESTMENTS, INC.
• TUSCANY CONSTRUCTIONS INC.
• E-INVESTMENT SOLUTIONS, INC.
• C7 GRAPHICS,INC.
• PACESETTER TECHNOLOGIES, INC.
• LANA INVESTMENTS, INC.
• SERGO HOLDINGS, INC.
• ERNA ENTERPRISES INC.
• HORIZON TRAVEL INC.
• ERMAN FACILITIES, INC.
• VERA FINANCIAL SERVICES, INC.
• ARA FILMS, S.A.
• WEST GROUP LIMITED S.A .
• BERVERLY UNION LIMITED, S.A.
• DYNACASH BUSINESS LIMITED, S.A.
• CLASS FINANCE, INC.
• GASTON SERVICES, INC.
• ROYAL FINANCE, INC.
• FORTIS TRADE CORP. S.A
• CASTLE CENTER INC.
• PEX TRADE CORPORATION, S.A
• BECKERS COMPANY INC.
• CAMDEN BROKERAGE LIMITED, S.A.
• BALDWIN WORLDWIDE, INC.
• PUTNAM MULTINATIONAL LIMITED, S.A.
• RUSSEL DELEGATES CORPORATION, S.A.
• MONROE INTERNATIONAL BROKERAGE, S.A.
• TALBOT PROFESSIONAL SERVICES, S.A.
• MACON INTERNATIONAL LIMITED, S.A.
• SUMTER INDUSTRIAL CORPORATION, S.A.
• SALEM ACCOUNTING SERVICES, S.A.
• EASTMAN FUND MANAGERS, S.A.
• UPSON FINANCIAL PLANNING, S.A.
• KNOXVILLE ENTERTAINMENT, S.A.
• CANDLER PROFESSIONAL SERVICES, S.A.
• TIFT INFORMATION SERVICES S.A
• IRWIN COMMODITIES LIMITED, S.A.
• COMERSA INVESTMENTS, S.A.
• GLOBAL SOFTWARE INTERNATIONAL CORP
• MERIDIAN YACHTING, S.A.
• COOBER FUNDS MANAGEMNT INC.
• LIENZ MANAGEMENT FIRM, INC.
• DERBY ASSET PROTECTION,INC.
• ARMIDALE MANAGEMENT COMPANY, S.A.
• LISMORE LEGAL SERVICES S.A.
• TIMOR OFFSHORE PROFESSIONAL INC.
• PORT CREEK PRODUCTS, INC.
• ESPERANCE FINANCIAL INTERMIDIARIES LIMITED, S.A.
• ADELAIDE PORTFOLIO MANAGEMENT,INC.
• WAGGA EXCUTIVES LIMITED, S.A.
• BELLUNO INTERNATIONAL LIMITED, S.A.
• UDINE FINANCIAL ADVISORS LIMITED, S.A.
• SALTA FINANCIAL SOFTWARE, INC.
• CORONADO BRIDGE CONSTRUCTION LIMITED S.A.
• PERRY ON-LINE SERVICES, INC.
• CANTERBERRY AGENTS, INC.
• TIROL ENTREPRENEURS LIMITED, S.A.
• SERENA TRUSTEE SERVICES, INC.
• MONTEVIDEO PROPERTIES LIMITED S.A.
• BUENOS FISCAL INCENTIVES, INC.
• POINT SOLUTIONS LIMITED,S.A.
• SERA INTERNATIONAL,CORP.
• PENBROKE CAPITAL INVESTMENTS, S.A.
• CAPITAL FINANCE LIMITED, S.A.
• TISCO SERVICES, INC.
• REALTY FINANCE GROUP, S.A.
• DELTA UNION LIMITED, S.A.
• MERIDIAN TRADE, CORP.
• TOPTOR,S.A.
• VELOTON, S.A.
• PELTON,S.A.
• ASCADIA, S.A.
• VECTRINOL, S.A.
• DANIUR,S.A.
• ELITOUN,S.A.
• FIBROCENTRO S.A.
• XTEND LIFE NUTRACEUTICALS, INC.
• CEDION, S.A.
• EXINT INVESTMENTS GROUP, S.A.
• TECHNOCOM LIMITED S.A.
• ADLAN,S.A.
• GONTEX, S.A.
• HELION, S.A.
• S.I.S. STUDIO ,S.A.
• GERRA CORPORATION S.A.
• LOGOTECH GROUP, INC.
• FINPRIME CORPORATION, S.A.
• EXINT INVESTMENT SERVICES, S.A.
• ST FINANCE CORPORATION, S.A.
• MIDFORD CORPORATION, S.A.
• RIGGS, INC.
• TRANSWORLD, INC.
• DEPESER LIMITED S. A.
• ROLTACK, S.A.
• SENITEX, S.A.
• LISTON ENTERPRISES, S.A.
• ADOLINE, S.A.
• DARION S.A.
• BELIMEX S.A.
• BRAMANTE CORPORATION, S.A.
• NASHFORD CORPORATION, S.A.
• GARTAND CORPORATION, S.A.
• REDSHELD CORPORATION S.A.
• PRAGADA CORPORATION S.A.
• DUPONT INTERNATIONAL BUSINESS, S.A.
• BAJA BLANCA S.A
• RED CONCH, S.A.
• CLINICA INTERNACIONAL DE ENFERMEDADES INFECCIOSAS, S.A.
• EASTLAND CORPORATION, S.A.
• DAYBRIDGE ENTERPRISES, S.A.
• LOYAL FUND, S.A.
• PRODUCTORA INTERNACIONAL CINEMATOGRAFICA, S.A.
• MONSANARES CORPORATION, S.A.
• MERIDA ENTERPRISES LIMITED, S.A.
• DELMARCO, INC.
• UKSON LIMITED, S.A.
• MIRABO CORPORATION, S.A.
• NILANA LIMITED S.A.
• NEWBERG, INC.
• PHOENIX INTERNATIONAL UNIVERSITY S.A.
• PARKWELL CORPORATION, S.A.
• BELBROOK CORPORATION S.A.
• SHERVICK CORPORATION, S.A.
• EUROCAPITAL HOLDINGS GROUP, S.A.
• EUROCAPITAL OFFSHORE GROUP, S.A.
• SERVICE FINANCIAL GROUP (SERVIFIN), S. A.
• PLOY SUWAN, INC.
• SHOW TIMES (PANAMA) S.A.
• LANDERS CORPORATION, S.A.
• WINDLOCK TRADING LIMITED S.A.
• GLOBAL TECH MANAGEMENT, S.A.
• LORIMER INTERNATIONAL, S.A.
• KETTERING TRADE GROUP, S.A.
• EXIN INVESTMENT, S.A.
• INGERSON EUROPEAN, S.A.
• MILLIGAN GROUP, S.A.
• STALTBERG S.A.
• GULFSTREAM LIMITED S.A.
• NAT TRADE CORPORATION, S.A.
• BERSON, S.A.
• MELENIX, S.A.
• EXSTALT, S.A.
• BARRY & FOX, INC.
• MALLORY GROUP CORPORATION, S.A.
• ASTIN REX, S.A.
• FINALLIANCE CORPORATION S.A.
• SPEER PAPER INTERNATIONAL, S.A.
• WILLSON ENTERPRISES INC.
• EURO CONSULTING LIMITED INC.
• SPENSOR, S.A.
• COMLINES, S.A.
• RAFTER HOLDINGS INC.
• NORMANVILLE EUROPEAN, S.A.
• TROLLOPE TRADE & SERVICES, S.A.
• SARTON BUSINESS S.A.
• PEMBERTON GROUP S.A.
• WILBERT COMMERCIAL GROUP, S. A.
• STARK HOLDINGS, S. A.
• MORET INTERNATIONAL, S. A.
• HAY MANAGEMENT, S.A.
• CLARKE & TAYLOR, S. A.
• MCKINSEY & CO, S. A.
• LEMITON LIMITED, S.A.
• COMTEL MANAGEMENT LIMITED, S.A.
• VECTRAL SUIT, S.A.
• DENIX TRADE, S.A.
• SENTRON, S.A.
• NEOMUSIC PRODUCTION, S.A.
• MAQUINARIA ACUICOLA INDUSTRIAL (MACUINSA), S.A.
• CENTRAL CRUISING,S.A.
• PAULTONS ALLIANCE, CORP.
• INTERNATIONAL EXCHANGE PANAMA, S.A.
• PET RESCUE, S.A.
• PINNACLE HEALTH INTERNAITONAL S.A.
• PANDAMORE SHIPPING CORP.
• RICHMAD INNOVATIONS GROUP, S.A.
• SG MARKETING LIMITED, S.A.
• WEIS OVERSEAS CORP.
• AMERECOM, S.A. (AMERICAS E-COMMERCE GROUP).
• NEW WORLD HOLDINGS, LIMITED, S.A.
• PANCANAL.COM SERVICES, S.A.
• RUSLAN CONSULTANTS LIMITED S.A.
• ZARED, INC.
• IMPACT TECHNOLOGY, LTD.
• MISTER (MR) GADGET, S.A.
• VALLASRAPIDAS, S.A.
• ANCLA PACIFICO, S.A.
• TERNECA INTERNATIONAL PRODUCTS, INC.
• PRO TITE FASTENERS, INC.
• TECH THREADED PRODUCTS
• TALISKER INVESTMENTS S.A.
• SCHROEDER COMMODITIES, S.A.
• SMART SECURITY & COMMUNICATION, INC.
• EL PALADAR, S.A.
• GLOBAL TRANSPORT GROUP, S. A.
• INTERTEC HOLDING,INC.
• MATTY MORA, S. A.
• BUSINESS CONSOLIDATED CORP
• TERRAMARE SHIP CHANDLER, S.A.
• SVS GROUP, INC.
• ITMAR FINANCES LTD.
• SOKOL FUNDING, S.A.
• UNIVERSAL INVESTMENT & FINANCES, S.A.
• RELIANCE CREDIT UNION INC.
• THE ICE LINE INC.
• VIKING GROUP S. A.
• SOLARTE GARDEN RESORT S. A.
• FIRST ESTATE CORPORATION
• FRAN OVERSEAS, S.A.
• ARENA TRADING CORPORATION INC.
• KASPERSKY LAB, S.A.
• MARKETING HORIZONS INC.
• AMPA INTERNATIONAL INVESTMENTS S.A.
• INDUSTAR CYBERNETICS CORPORATION S.A.
• INTERTEC INTERNATIONAL INVESTMENTS S.A.
• MCP INTERNATIONAL, S.A.
• FINANCIERA ATLANTICO, S.A.
• LEECH ENTERPRISE, S.A.
• THREE WHALES CORP. PANAMA, S.A.
• HAGI INMOBILIARIA, S.A.
• BURU TOURIST. CORP., S. A.
• ALFA EMPIRE INC.
• CENTRAL MANAGEMENT & TRADING CORP, S.A.
• WION TRADING CORPORATION S.A.
• CATALINA WATER SPORTS RESORTS S.A.
• S.M.C. CORPORATION S.A.
• FLOWERS EXPRESS, S. A.
• SILVAL MEDIA LTD. S.A.
• D.P. SPORTCAR, S.A.
• R. M. SERVICIOS Y DISTRIBUCIONES, S. A.
• TIME FASHION INTERNATIONAL S.A.
• VAPOR SYSTEMS PANAMA INC.
• OCEANIC RECOVERIES INCORPORATED S.A.
• S.P. FISH TRADING INC.
• MAAR CORPORATION, S.A.
• FUENTES DE VIDA, S. A.
• PANAONE COMPUTER SERVICES, S. A.
• PANAMA GUIDES & SERVICES, S.A
• ATLANTIC UNITED TRADE INC.
• WESLEY INVESTMENTS & MANAGEMENT CORP.
• KOUROS SERVICIOS GENERALES, S.A.
• SURE & FIT SCREW CO., S.A.
• ADVENTURES ENTERTAIMENT S.A.
• ASIA NUT & BOLT CORP INC
• MARINE INDUSTRIAL LABORATORIES S.A. (MILSA)
• THE ICE GROUP INTERNATIONAL, S.A.
• THE HARMONY BRAND TRADING INC.
• SCHERTAY TRADING S.A.
• INTEROCEANIC SECURITIES MANAGEMENT, INC.
• THE GERMAN CONSULTING GROUP, S.A.
• INTELLIGENT INTERNET COMMUNICATION SYSTEMS S.A.
• NORTHWEST INVESTMENTS, S.A.
• EASY FLY CONTADORA, S.A.
• C K D HOLDING, INC.
• CINCAR INVESTMENT INTERNATIONAL , INC.
• GRANSHIP SERVICES S.A.
• GHP CORP.
• WILNORTH INC.
• GLOBAL BOND AND SECURITIES MANAGEMENT,S.A.
• CHORRERA ANSA MUFFLERS, INC.
• AMERICAN MOTOR OIL CORP.
• J.T. AUTO SERVICES S.A.
• MEDIMAT SERVICES, S.A.
• SCHROEDER SCRAP S.A.
• LA TUöON, S.A.
• ODS STASH MARINE COMPANY, S.A. (OSMARINE)
• PANAMA MARINE PRODUCTS & SERVICES, CO., S.A.
• ANZ, INC.
• T.K. S.A.
• IMPULSE 161 S.A.
• KALDOK, S.A.
• HUA DA PANAMA INVESTMENT S.A.
• INTERNATIONAL TRADING CLUB HOLDING S.A.
• ONIX FINANCES INVESTEMENTS S.A.
• LANCE FINANCES INTERNATIONAL S.A.
• ROCKLAND FINANCES INTERNATIONAL, S.A.
• VENKA INTERNATIONAL INCORPORATED.
• OMS IMP LIMITED, S.A.
• TOP PRODUCTS INC.
• CHANTIN, S.A.
• ARQ-TECNOS S.A.
• VIDEO HOLLYWOOD S.A.
• PACIFIC VIEW S.A.
• STELLARIS S.A.
• TEXTILES SHIHAB, S.A.
• ERLANG WORLDWIDE, S.A.
• SAMASY HOLDING S.A.
• BUENO HOLDING S.A.
• PENTAGON GLOBAL COMMERCE INC.
• MARLICK OVERSEAS CORP.
• LAVETTE CAPITAL INC.
• BANHART HOLDINGS S.A.

Agent

• FRANKLIN WONG ASSETS CORPORATION INC.
• SUNGATE SECURITIES CORPORATION S.A.
• WEALTH PRODUCTIONS, INC.
• ASYTOPIT LIMITED, INC.
• HAMILTON PROJECTS LIMITED, S.A.
• MDN GROUP LIMITED, S.A.
• FERRO ALLIANCE LIMITED S.A.
• SOLAREX LIMITED, S.A.
• INTERFLEX LIMITED, S.A.
• KFAM, INC.
• ABLE LOAN LIMITED, S.A.
• TURNNELL TRADING, S.A.
• FRAGA TRADING CORPORATION, S.A.
• GAPA TRAVEL INC.
• MR. FAST, S.A.
• 2 EAGLES FINANCIAL SERVICES, CORP.
• SERPENTINE HOLDINGS LIMITED,S.A.
• CHUN YU WORKS, INC.
• OPVESTEC (OPTION INVESTMENTS & EQUITIES), INC.
• CUSSONIA, INC.
• MARLIN ENTERPRISES GROUP,S.A.
• GIG CORPORATION, S.A.
• MINERVA GROUP MANAGEMENT,INC.
• LINKWELL INDUSTRIES COMPANY LIMITED,S.A.
• FASTWELL INDUSTRIES COMPANY LIMITED,S.A.
• COMERCIAL CENTRO Y SUR, S.A.
• DRAGONS FOREVER LIMITED, S.A.
• INDEPENDENT MERCHANT LIMITED, S.A.
• LAVENDER HOLDINGS GROUP, S.A.
• ICE STAR HOLDINGS, INC.
• VITO FINANCIAL SERVICES, INC.
• CHROMA ENTERPRISES, INC.
• ENDO TRADING COMPANY, INC.
• ORCHID PROSPERITY, INC.
• LATO TRADING COMPANY, INC.
• ARNICA PROSPERITIES, INC.
• ENDIVE ENTERPRISES, INC.
• ASTER FINANCIAL SERVICES INC.
• ZOE MEDICAL RESEARCH, INC.
• GLOBAL MISSIONS, S.A.
• BREAKPOINT TRADING, INC.
• DIGI GRAPHICS INC.
• KINGS STUDIOS, INC.
• EXEPTIONAL EVENTS, INC.
• STEWART SOLUTIONS, INC.
• ARMANDA TRADING COMPANY, S.A
• ERMINE HOLDINGS INC.
• NEW WORLD SAFARIES, INC.
• GLENMOR PROPERTIES, INC.
• SHARPER FOCUS STUDIOS, INC.
• SURE SECURITY STORAGE, INC.
• IMAGE MARKETING, INC.
• CELINE INVESTMENTS, INC.
• TUSCANY CONSTRUCTIONS INC.
• E-INVESTMENT SOLUTIONS, INC.
• C7 GRAPHICS,INC.
• PACESETTER TECHNOLOGIES, INC.
• LANA INVESTMENTS, INC.
• SERGO HOLDINGS, INC.
• ERNA ENTERPRISES INC.
• HORIZON TRAVEL INC.
• ERMAN FACILITIES, INC.
• VERA FINANCIAL SERVICES, INC.
• ARA FILMS, S.A.
• WEST GROUP LIMITED S.A .
• BERVERLY UNION LIMITED, S.A.
• CLASS FINANCE, INC.
• GASTON SERVICES, INC.
• ROYAL FINANCE, INC.
• CASTLE CENTER INC.
• PEX TRADE CORPORATION, S.A
• BECKERS COMPANY INC.
• CAMDEN BROKERAGE LIMITED, S.A.
• BALDWIN WORLDWIDE, INC.
• TALBOT PROFESSIONAL SERVICES, S.A.
• MACON INTERNATIONAL LIMITED, S.A.
• SUMTER INDUSTRIAL CORPORATION, S.A.
• EASTMAN FUND MANAGERS, S.A.
• KNOXVILLE ENTERTAINMENT, S.A.
• CANDLER PROFESSIONAL SERVICES, S.A.
• TIFT INFORMATION SERVICES S.A
• IRWIN COMMODITIES LIMITED, S.A.
• COMERSA INVESTMENTS, S.A.
• MERIDIAN YACHTING, S.A.
• COOBER FUNDS MANAGEMNT INC.
• NEW WORLD SOLUTIONS INC.
• LIENZ MANAGEMENT FIRM, INC.
• DERBY ASSET PROTECTION,INC.
• ARMIDALE MANAGEMENT COMPANY, S.A.
• TIMOR OFFSHORE PROFESSIONAL INC.
• PORT CREEK PRODUCTS, INC.
• ADELAIDE PORTFOLIO MANAGEMENT,INC.
• WAGGA EXCUTIVES LIMITED, S.A.
• BELLUNO INTERNATIONAL LIMITED, S.A.
• CORONADO BRIDGE CONSTRUCTION LIMITED S.A.
• PERRY ON-LINE SERVICES, INC.
• CANTERBERRY AGENTS, INC.
• SERENA TRUSTEE SERVICES, INC.
• MONTEVIDEO PROPERTIES LIMITED S.A.
• BUENOS FISCAL INCENTIVES, INC.
• POINT SOLUTIONS LIMITED,S.A.
• SERA INTERNATIONAL,CORP.
• PENBROKE CAPITAL INVESTMENTS, S.A.
• CAPITAL FINANCE LIMITED, S.A.
• TISCO SERVICES, INC.
• REALTY FINANCE GROUP, S.A.
• DELTA UNION LIMITED, S.A.
• TOPTOR,S.A.
• VELOTON, S.A.
• PELTON,S.A.
• ASCADIA, S.A.
• VECTRINOL, S.A.
• DANIUR,S.A.
• ELITOUN,S.A.
• FIBROCENTRO S.A.
• XTEND LIFE NUTRACEUTICALS, INC.
• CEDION, S.A.
• EXINT INVESTMENTS GROUP, S.A.
• TECHNOCOM LIMITED S.A.
• ADLAN,S.A.
• GONTEX, S.A.
• HELION, S.A.
• S.I.S. STUDIO ,S.A.
• GERRA CORPORATION S.A.
• LOGOTECH GROUP, INC.
• EXINT INVESTMENT SERVICES, S.A.
• ST FINANCE CORPORATION, S.A.
• MIDFORD CORPORATION, S.A.
• RIGGS, INC.
• TRANSWORLD, INC.
• C I T INC.
• DEPESER LIMITED S. A.
• ROLTACK, S.A.
• SENITEX, S.A.
• ADOLINE, S.A.
• BRAMANTE CORPORATION, S.A.
• NASHFORD CORPORATION, S.A.
• GARTAND CORPORATION, S.A.
• PRAGADA CORPORATION S.A.
• DUPONT INTERNATIONAL BUSINESS, S.A.
• BAJA BLANCA S.A
• RED CONCH, S.A.
• CLINICA INTERNACIONAL DE ENFERMEDADES INFECCIOSAS, S.A.
• EASTLAND CORPORATION, S.A.
• DAYBRIDGE ENTERPRISES, S.A.
• LOYAL FUND, S.A.
• PRODUCTORA INTERNACIONAL CINEMATOGRAFICA, S.A.
• MERIDA ENTERPRISES LIMITED, S.A.
• DELMARCO, INC.
• UKSON LIMITED, S.A.
• MIRABO CORPORATION, S.A.
• NILANA LIMITED S.A.
• PARKWELL CORPORATION, S.A.
• BELBROOK CORPORATION S.A.
• AMAREL INVESTMENTS INC.
• EUROCAPITAL HOLDINGS GROUP, S.A.
• EUROCAPITAL OFFSHORE GROUP, S.A.
• SERVICE FINANCIAL GROUP (SERVIFIN), S. A.
• PLOY SUWAN, INC.
• LANDERS CORPORATION, S.A.
• WINDLOCK TRADING LIMITED S.A.
• GLOBAL TECH MANAGEMENT, S.A.
• LORIMER INTERNATIONAL, S.A.
• KETTERING TRADE GROUP, S.A.
• EXIN INVESTMENT, S.A.
• INGERSON EUROPEAN, S.A.
• MILLIGAN GROUP, S.A.
• STALTBERG S.A.
• GULFSTREAM LIMITED S.A.
• NAT TRADE CORPORATION, S.A.
• MELENIX, S.A.
• EXSTALT, S.A.
• BARRY & FOX, INC.
• MALLORY GROUP CORPORATION, S.A.
• ASTIN REX, S.A.
• FINALLIANCE CORPORATION S.A.
• SPEER PAPER INTERNATIONAL, S.A.
• WILLSON ENTERPRISES INC.
• EURO CONSULTING LIMITED INC.
• SPENSOR, S.A.
• COMLINES, S.A.
• PLATINUM INTERNATIONAL GROUP, S.A.
• RAFTER HOLDINGS INC.
• NORMANVILLE EUROPEAN, S.A.
• TROLLOPE TRADE & SERVICES, S.A.
• SARTON BUSINESS S.A.
• PEMBERTON GROUP S.A.
• WILBERT COMMERCIAL GROUP, S. A.
• STARK HOLDINGS, S. A.
• MORET INTERNATIONAL, S. A.
• HAY MANAGEMENT, S.A.
• CLARKE & TAYLOR, S. A.
• MCKINSEY & CO, S. A.
• LEMITON LIMITED, S.A.
• COMTEL MANAGEMENT LIMITED, S.A.
• VECTRAL SUIT, S.A.
• SENTRON, S.A.
• NEOMUSIC PRODUCTION, S.A.
• MAQUINARIA ACUICOLA INDUSTRIAL (MACUINSA), S.A.
• GUATEMALA PRIMERO S.A.
• PAULTONS ALLIANCE, CORP.
• RUSLAN CONSULTANTS LIMITED S.A.
• ANCLA PACIFICO, S.A.
• BUSINESS CONSOLIDATED CORP
• SVS GROUP, INC.
• ATLAS MANAGEMENT SERVICES INC.
• RELIANCE CREDIT UNION INC.
• THE ICE LINE INC.
• VIKING GROUP S. A.
• SOLARTE GARDEN RESORT S. A.
• FIRST ESTATE CORPORATION
• ACENTO GRAFICO, S.A.
• AMPA INTERNATIONAL INVESTMENTS S.A.
• INDUSTAR CYBERNETICS CORPORATION S.A.
• INTERTEC INTERNATIONAL INVESTMENTS S.A.
• LEECH ENTERPRISE, S.A.
• THREE WHALES CORP. PANAMA, S.A.
• BURU TOURIST. CORP., S. A.
• CENTRAL MANAGEMENT & TRADING CORP, S.A.
• CATALINA WATER SPORTS RESORTS S.A.
• SILVAL MEDIA LTD. S.A.
• GOTTHARD SERVICES, CORP.
• OCEANIC RECOVERIES INCORPORATED S.A.
• MAAR CORPORATION, S.A.
• FUENTES DE VIDA, S. A.
• PANAMA GUIDES & SERVICES, S.A
• ATLANTIC UNITED TRADE INC.
• WESLEY INVESTMENTS & MANAGEMENT CORP.
• KOUROS SERVICIOS GENERALES, S.A.
• SURE & FIT SCREW CO., S.A.
• ADVENTURES ENTERTAIMENT S.A.
• ASIA NUT & BOLT CORP INC
• MARINE INDUSTRIAL LABORATORIES S.A. (MILSA)
• THE ICE GROUP INTERNATIONAL, S.A.
• THE HARMONY BRAND TRADING INC.
• SCHERTAY TRADING S.A.
• INTEROCEANIC SECURITIES MANAGEMENT, INC.
• INTELLIGENT INTERNET COMMUNICATION SYSTEMS S.A.
• NORTHWEST INVESTMENTS, S.A.
• IMEMCORP S.A.
• EASY FLY CONTADORA, S.A.
• C K D HOLDING, INC.
• CINCAR INVESTMENT INTERNATIONAL , INC.
• GHP CORP.
• GLOBAL BOND AND SECURITIES MANAGEMENT,S.A.
• J.T. AUTO SERVICES S.A.
• ODS STASH MARINE COMPANY, S.A. (OSMARINE)
• TECHNOLOGY & TRADING CORP.
• ANZ, INC.
• T.K. S.A.
• IMPULSE 161 S.A.
• KALDOK, S.A.
• HUA DA PANAMA INVESTMENT S.A.
• INTERNATIONAL TRADING CLUB HOLDING S.A.
• ONIX FINANCES INVESTEMENTS S.A.
• LANCE FINANCES INTERNATIONAL S.A.
• ROCKLAND FINANCES INTERNATIONAL, S.A.
• VENKA INTERNATIONAL INCORPORATED.
• WINTEX INVESTMENTS S.A.
• SANTEE FINANCES INC.
• CONTEMPO COMUNICACION TOTAL, S.A.
• OMS IMP LIMITED, S.A.
• INMOBILIARIA DE LAS AMERICAS, S.A.
• ITS - PANAMA S.A.
• TOP PRODUCTS INC.
• INSTITUTO DE PROFESIONES TECNICAS, S.A. (INPROTEC, S.A.).
• CORPORACION NAGA S.A.
• EXACTLY INVESTMENT, S.A.
• DELTA AIR CONDITIONER SERVICES, S.A.
• GEMAJAGA, S.A.
• ROCKY BAY SERVICE, S.A.
• ARQ-TECNOS S.A.
• VIDEO HOLLYWOOD S.A.
• PANALEX INTERNATIONAL, INC.
• TEXTILES SHIHAB, S.A.
• PRETORIA INTERNATIONAL S.A.
• LAS PERLAS AQUA SPORTS, S.A.
• MOTION AND GRAPHIC, S.A.
• CENTRO LATINOAMERICANO DE COMERCIO EXTERIOR, S.A.- .- -
• REGUE TRADING S.A.