MARGOT HERMINIA HUTCHINSON

Director

• GUINOT, S.A.
• HUBERA, S.A.
• ALI REZA SHIPPING,S.A.
• ADDUS MARINE LTD, S. A.
• ILOVIVA S.A.
• CONSORCIO METALURGICO PANAMENO, S.A.
• ANDROS INTERNATIONAL, S.A.
• INOFFSEC INTERNATIONAL OFFSHORE SERVICE, S. A. -.-
• ORBEXPORT (PANAMA) S.A.
• INTERNATIONAL FINANCE BALMORAL, S.A.
• SIROLIZ, S.A.
• CIL INTERNATIONAL INC.
• SANTA ROSA CORPORATION, S.A.
• CORPORACION C.V.L. S.A.
• INTERNACIONAL VILA, S.A.
• PANAMA INTERNATIONAL INVESTORS CORPORATION, S.A.
• BOW WARD CORPORATION, S.A.
• INTERNATIONAL BOJ, S.A.
• DELIGNY INVESTMENTS, S.A.
• AGENCIAS MARITIMAS PANAMERICANAS, S.A.
• INTERCAMBIO VACACIONAL, S.A.
• JANZOUR, S.A.
• BIENES RAICES EL VALLE, S.A.
• TIKERAK SHIPPING COMPANY, INC.
• COMPANIA DE BIENES RAICES LUCANOR, S.A.
• CIA. OCHO RIOS, S.A.
• TURENPE, S.A.
• CHANERY, S.A.
• HUGONOT, S.A.
• PIEDRA, S.A.
• RECURSOS, S.A.
• MIMAR PROYECTOS, S.A.
• BONDAD INVIERNO, S.A.
• VASTAGO LAGO, S.A.
• HEREDAD ZAFIROS, S.A.
• FABRICA, S.A.
• CUALQUIER, S.A.
• EDENZA Y CIA, S.A.
• CIQ-CONSORCIO INDUSTRIAL QUIMICO DE PANAMA, S.A.
• VALOIS COPPEL AND CO., S.A.
• MATIAROME, S.A.
• KIG CORPORATION.
• OUTER CAMP, S.A.
• INMOBILIARIA MALAGA, S.A.
• VARNITA, S.A.
• EDOTEX INTERNACIONAL, S.A.
• COTE D'AZUR NAVIGATION CORP. -.-
• JONY CAY, S.A.
• SERVICIOS INTERNACIONALES DE TRANSPORTES, S.A.
• TELEMARINA, S.A.
• MICHEL OVERSEAS OF PANAMA, S.A.
• PANAMA ADVENTURES INC.
• CDHB INTERNATIONAL, S.A.
• JUPITER ENTERPRISES S.A.
• KARMA INVESTMENT, S.A.
• PAVERA INTERNACIONAL S.A
• ATLANTIC FREIGHT FORWARDERS, S.A.
• M. H. INTERNATIONAL TRADING CORP, S.A.
• CHERUBIN S.A.
• SOUTHERN CROSS CONSOLIDATED MINING CORP.
• FASHION ACCESSORIES CONSULTANT, S.A.
• MILTON TRADING CO., S.A.
• WEST PAC MANAGERS, S.A.
• WEST PAC MANAGERS, S.A.
• CIA. LINAPAL, S.A.
• VAISLY, S.A.
• ACOJOE, S.A.
• TRANS-MERIDIAN DEVELOPMENT CORP., S.A.
• COMPANIA MARITIMA MEXICANA, S.A.
• CIA. DE NAVEGACION DEL CARIBE, S.A.
• FILOTRADE, INC.
• MINI-BAZAAR, S.A.
• P.G. & D., S.A.
• ROCALIZA, S.A.
• DEMARCRU, S.A.
• AVENTUM TRADING, S.A.
• KARTAK TRADING, S.A.
• KURTOSIS TRADING INTERNATIONAL, S.A.

Subscriber

• YUCASYL, S. A.
• ATIKAFIA, S. A.
• COMPANY LIQUIDATION INC.,
• SILVER DRIVE,S.A.
• INVERSIONES CELIBEL,S.A.
• LINSELAN, S.A.
• JIMCON, S.A.
• JEBSALM, S.A. -.-
• HYKE, S.A.
• KHAMSIEH, S.A.
• ARBAS, S.A.
• JAPS, S. A.
• DAMUZ, S.A.
• CEDIBEA, S.A.
• GUINOT, S.A.
• HUBERA, S.A.
• LATHAM FINANCE CORPORATION,S.A.
• ALI REZA SHIPPING,S.A.
• SERVICIO DE INVESTIGACION Y SEGURIDAD DEL CARIBE,S.A.
• GALASPORTO, S.A.
• HELADOS MONTE BLANCO, S.A.
• ASSETS PROTECTION CONSULTANTS INC.
• MAC ASESORES, S.A.
• EURO-AMERICAN CORPORATE-SERVICES INC.
• FINANCIERA SUPREMA, S. A.
• ILOVIVA S.A.
• TRANS CONTINENTAL MONEY CONSULTANTS (TRAMOC, S.A.)
• WGN INVESTMENTS, S.A.
• H. U. D. INTERNATIONAL S.A.
• UNIVERSAL DEVELOPMENT, CORP.
• PANAMANIAN INTERNATIONAL MONETARY FUNDS, S.A.
• ADELE CORPORATION
• BEN CORPORATION, S.A.
• INVERSIONES REBARBIER, S.A.
• EUROCOLOR, S.A.
• BLOK MARINE DEVELOPMENT CORP.
• MODERN PRODUCTS INTERNATIONAL INC.
• IPA-ISORAST INTERNATIONAL, S.A.
• CONSORCIO METALURGICO PANAMENO, S.A.
• MAPAMA, S.A.
• RANDAMI, S.A.
• ZENA, S.A.
• ROBERT ARNOLD S. A.
• ELECTRA CORPORATION, S.A.
• DECORA A.G. S.A.
• ANDROS INTERNATIONAL, S.A.
• GREAT INAGUA CO.,S. A.
• INOFFSEC INTERNATIONAL OFFSHORE SERVICE, S. A. -.-
• ORIDO, S.A.
• INTERCONTINENTAL FINANCE ANDROS, S.A.
• INTERNATIONAL FINANCE BALMORAL, S.A.
• PAN TRADING CORPORATION, S.A.
• UNIDOM VENTURE CAPITAL, S.A.
• SIROLIZ, S.A.
• CIL INTERNATIONAL INC.
• CONSIGNACIONES DEL REAL, S.A.
• GRUPO CADAVID, S.A.
• SANTA ROSA CORPORATION, S.A.
• CORPORACION C.V.L. S.A.
• DELGAR, S.A.
• INTERNACIONAL VILA, S.A.
• PANAMA INTERNATIONAL INVESTORS CORPORATION, S.A.
• LEMMO, S.A.
• FELLERS CORPORATION, S.A.
• FIRST CANADIAN REIMBURSEMENT, CORP., S.A.
• INTERNATIONAL BOJ, S.A.
• DELIGNY INVESTMENTS, S.A.
• AGENCIAS MARITIMAS PANAMERICANAS, S.A.
• PRITSONS, S.A.
• TELE-CINE PRODUCTIONS INC.
• LEGAS INVESTMENT, S.A. -.-
• JABRA INVESTMENTS, S.A.
• DABRA INVESTMENT, S.A.
• CHICHITA INVESTMENT, S.A.
• ALKEMAL, S.A.
• BIO PANAMA, S.A.
• PATRILU INVESTMENT, S.A.
• PICARO, S.A.
• JUAN GRUBER, S.A.
• LEVY FORTUNA, S.A.
• MARGARET WALKER S.A.
• CEREZA, S.A.
• INTERNATIONAL DARIEN INVESTMENT, S.A.
• SERVICIOS MARITIMOS MUNDIALES, S.A.
• MICHAEL STERLING S. A.
• DELGADO, S.A.
• WORLDWIDE PROPERTY MANAGEMENT COMPANY, INC.
• DILLON INVESTMENT COMPANY, S.A.
• MUNDIAL INVERSIONES, S.A.
• JAMES CONNERS S. A.
• THE ATLANTIC SAVINGS CORPORATION.
• MARION BENSON S.A.
• JAIDAN, S.A.
• RENUEVO, S.A.
• LIMPIA ALOMAR, S.A.
• ESSES Y CIA, S.A. -.-
• OLMAR INVESTMENT, S.A.
• CONCENTRADOS TROPICALES, S.A.
• INTERCAMBIO VACACIONAL, S.A.
• CARIBBEAN BLUE, S.A.
• INMOBILIARIA ZAWIAT, S.A.
• INVERSIONES EL MATAR, S.A.
• CORPORACION BENGHAZI, S.A.
• MAHMOUDI, S.A.
• TENJUST, S.A.
• INTERNATIONAL VACATION MARKETING, S.A.
• INMOBILIARIA LOS ANDES, S.A.
• CIA. INTERNACIONAL MARI-MAR S.A.
• DESARROLLO MONTEVERDE, S.A.
• BIENES RAICES EL VALLE, S.A.
• ZALAMEA INTERNATIONAL, S.A.
• SANVADI S.A.
• EDALVIPE S.A.
• BAENA MAR, S.A.
• PAULCE EXPORTING CORPORATION.
• ISLAND GROUP HOLDING COMPANY, S.A.
• ELIZABETH GREEN S.A.
• FLOPRACO, S.A.
• MIDEAST FINANCING CORPORATION.
• LATANIA EXPORT, S.A.
• JIM JONES S. A.
• MAN'S FATE, S.A.
• AGAMEZ, S.A.
• ALREDEDORESPROPIETARIOS, S.A.
• INMOBILIARIA ST. SALVY, S.A.
• BIENES RAICES ALDO RONDES, S.A.
• BIENES RAICES ST. LOUIS, S.A.
• CIA. DE BIENES RAICES WALLEG, S.A.
• TOPSA INTERNATIONAL CO. S.A.
• COMPANIA DE BIENES RAICES LUCANOR, S.A.
• ARGAMASA, S.A.
• ARAM LAWSON S. A.
• SINEURI, S.A.
• ACOLA, S.A.
• CIA. OCHO RIOS, S.A.
• LINEAS INTERCONTINENTALES DE CARGA, S.A.
• BRANLY INVESTMENTS OF FLORIDA INC.- -.-
• TURENPE, S.A.
• CHANERY, S.A.
• HUGONOT, S.A.
• DUFRENE, S.A.
• WORDL WIDE TRADING ENTERPRISES INC.
• CHYSUCA, S.A. -.-
• PIEDRA, S.A.
• RECURSOS, S.A.
• MIMAR PROYECTOS, S.A.
• MIBAR, S.A.
• CRISAN, S.A.
• CHOPAN, S.A.
• DATATEC INTERNACIONAL, S.A.
• BONDAD INVIERNO, S.A.
• VASTAGO LAGO, S.A.
• HEREDAD ZAFIROS, S.A.
• FABRICA, S.A.
• CUALQUIER, S.A.
• COCHEROS PERLAS, S.A.
• EDENZA Y CIA, S.A.
• OVERSEAS PROPERTIES (EUROPE), S.A.
• VALOIS COPPEL AND CO., S.A.
• SADLER AND CO., S.A.
• ALMACARGA, S.A.
• MATIAROME, S.A.
• HAMERSMITH CORPORATION
• BRIBARA, S.A.
• DIEHL,SPEYER & BROWN INTERNATIONAL S.A.
• INTERANDES LTD., S.A.
• HIGHGATE CORPORATION.
• AMOJON CORPORATION
• TRAMONTO, S.A.
• FOMENTO DEL COMERCIO EXTERIOR, S.A.
• ESPEJOS Y TROQUELADOS
• MISTOLIN DE PANAMA, S.A. -.-
• ITAMAR, S.A.
• KORROSION KONTROLLERS, S.A.
• KIG CORPORATION.
• OUTER CAMP, S.A.
• MATOR, S.A.
• FORECASTLE FILMS LTD., S.A.
• COMPANIA DE LAS INDIAS, S.A.
• HIMGLOR, S.A.
• EURO-MONEY MANAGERS INC.
• P.M. CONSULTORES ASOCIADOS, S.A.
• NICHIMEX, S.A.
• AMOWELL, S.A.
• INMOBILIARIA MALLORCA, S.A.
• SOLAL, S.A.
• OLIVER, S.A.
• INMOBILIARIA MALAGA, S.A.
• H.E. Y ASOCIADOS, S.A.
• CONSTRUCCIONES AGROINDUSTRIALES, S.A.
• CAFENSE, S.A.
• POTOCKI, S.A.
• EPISA, S.A.
• CEPABRI, S.A.
• VARNITA, S.A.
• EMERALD ROCK LTD., S.A.
• PRINCE EMERALD LTD., S.A.
• EMERALD PRINCESS LTD., S.A.
• FLOCAR INVESTMENTS, S.A.
• ENERGY AND MINERALS CORPORATION
• OXFORD CAMBRIDGE ASSOCIATES LTD., S.A.
• INTERNATIONAL FACTORS INCORPORATED
• HUTSANY, S.A.
• PROJECT DESIGN CORPORATION
• INMOBISIC, S.A.
• ERDINE JOINT VENTURE ENTERPRISES, S.A.
• TRAPARCA, S.A.
• LAND INVESTORS JOINT VENTURE ENTERPRISES, S.A.
• MAMERLIPA, S.A.
• ROSANA CO., LTD.
• TIERRA COMMODITY CORPORATION, S.A.
• PETROLEUM INCORPORATED ASSOCIATION, S.A.
• SCELLY, S.A.
• BRANDA, S.A.
• EURRESEM, INC.
• VACATION WEEK, S.A.
• EXPLORERS CAPITAL CORPORATION
• JONY CAY, S.A.
• MARGO TOURS, S.A. -.-
• FAOLIN, S.A.
• PROMOTORA Y DISTRIBUIDORA, S.A. (PRODISA).
• CARLOHUN, S.A.
• EQUIPO PESADO RODRIGUEZ, S.A.
• JOSEPHCO, S.A.
• ARABASIAN INVESTMENT CORPORATION, S.A.
• PIKULANE, S.A.
• ESTRELLA DEL ESTE, S.A.
• ROTELCON, S.A.
• BACARA- INTERNATIONAL, S.A.
• MARUNOUCHI, S.A.
• MILANO, S.A.
• VENTUARI, SA.
• SAYONA, S.A. -.-
• OBERANTY, S.A.
• INTERNATIONAL FILM ASSOCIATES, INC.
• ILAN INTERNACIONAL, S.A.
• ILANIT INTERNACIONAL, S.A.
• SERVICIOS INTERNACIONALES DE TRANSPORTES, S.A.
• TELEMARINA, S.A.
• MICHEL OVERSEAS OF PANAMA, S.A.
• CHATEAU D'ISLE, S.A.
• TAUREAN, S.A.
• INTERCO PANAMA, S.A.
• MEDIOS PUBLICITARIOS INTERNACIONALES, S.A.
• SERCOMO, S.A.
• EDITEX, S.A.
• OLIVER INTERNATIONAL CORPORATION
• TAYETIN, S.A.
• C.J. BOYKE, S.A.
• ALFONSO MUNOZ PANAMA, S.A.
• INTER UNITED MANAGEMENT SERVICE, S.A.
• CDHB INTERNATIONAL, S.A.
• INSTITUTO ECONOMICO INTERNACIONAL ,S.A.
• TARLAC S.A.
• RETZA, S.A.
• COMPREX INTERNATIONAL, S.A.
• SABIB, S.A.
• CHAI, S.A.
• PEROSBOL, S.A.
• EUROTECH INTERNACIONAL, S.A.
• BUSINESS SECURITY, INC.
• FILCOLOR CORPORATION, S.A.
• STORTI, S.A.
• E.Y.R. INVESTMENTS, S.A.
• MINKA, S.A.
• NATURAL TRADING, CO. S.A.
• PAN BRAS TRADING CO. S.A.
• EURO-AMERICAN INTERNATIONAL SERVICES CORP.
• GENCO INVESTMENTS, S.A.
• LIDIJO, S.A.
• RAMDON HOLDINGS, S.A.
• BRADLEY LIMITED, S.A.
• MARMO INVESTMENT, S.A.
• CALIFORNIA MOBIL, S.A.
• KARMA INVESTMENT, S.A.
• CASECO S.A
• PAVERA INTERNACIONAL S.A
• BEST GARMENTS ENTERPRISE INCORPORATED,S .A.
• TERRAZAS DEL PALMAR, S.A.
• ATLANTIC FREIGHT FORWARDERS, S.A.
• RUED INVESTMENTS INC. S.-A.
• TZ INTERNATIONAL S.A. -.-
• CHARMA ENTERPRISE, S.A.
• ALMACEN IVETTE VESTIER LA CASSONA, S.A.
• RINTOL INVESTMENTS, S.A.
• M. H. INTERNATIONAL TRADING CORP, S.A.
• MERCOM INTERNATIONAL, S. A.
• YOCKY INTERNACIONAL S.A. -.-
• SINFOMAL S.A.
• CHERUBIN S.A.
• RONATHAN S.A.
• GALASTUR, S. A.
• DORADAS S.A.
• NOICOPRO, S.A.
• ELERBAK S.A.
• GEMMA'S TRAVEL S.A.
• LAUROTAL, S.A. -.-
• CLUB MARINA CHAGRES SA
• RAIN, S.A.
• REFOSCO, S.A.
• NOCOTE, S.A.
• SOLVENTE INVESTMENT, S.A.
• ASESORIA HOTELERA, S.A. -.-
• PITA, S.A.
• MOGANA, S.A.
• SOUTHERN CROSS CONSOLIDATED MINING CORP.
• SEVERINO METAL INDUSTRIES, S.A.
• FASHION ACCESSORIES CONSULTANT, S.A.
• UNITED DUNCAN BROS, S.A.
• MILTON TRADING CO., S.A.
• WEST PAC MANAGERS, S.A.
• CORPORACION ARGUA, S.A.
• PANAMENA DE SERVICIOS, S.A.
• CORPORACION OLORCA, S.A.
• CIA. LINAPAL, S.A.
• MOIRET, S.A.
• VAISLY, S.A.
• CORPORATION TOMINA,S.A.
• ACOJOE, S.A.
• TRANS-MERIDIAN DEVELOPMENT CORP., S.A.
• LEYHAR INTERNATIONAL, S.A.
• COMPANIA MARITIMA MEXICANA, S.A.
• CIA. DE NAVEGACION DEL CARIBE, S.A.
• FILOTRADE, INC.
• MINI-BAZAAR, S.A.
• P.G. & D., S.A.
• KERSENDA, S.A.
• GUIDO INTERNACIONAL, S.A.
• BOSFICH, S.A.
• NAVIERA MITCHEL LTD., S.A. -.-
• HALLY S.A.
• FELTIP, S.A.
• AFRICANAS DE MADERA, S.A.(AFRIMASA,S.A.)
• ROCALIZA, S.A.
• CASMAR S.A.
• THE UNION SECURITY AND EXCHANGE COMPANY, S.A.
• ISU-ISORAST UNIVERSAL, S.A.
• DEMARCRU, S.A.
• SYMCHA INTERNACIONAL,S.A.
• SEETRANS OFFSHORE LTD.,S.A.
• NINACA, S.A.
• HELIOP, S.A.
• CAMERTE, S.A.
• CARAL INTERNACIONAL, S.A.
• FAIRLINE TEXTILE INC.
• CASEMPE, S.A.
• AVENTUM TRADING, S.A.
• KARTAK TRADING, S.A.
• KURTOSIS TRADING INTERNATIONAL, S.A.
• SERVICIOS TECNICOS COMTEL, S.A.
• RELKERNE CORP. S.A.

Agent

• LINSELAN, S.A.
• ALI REZA SHIPPING,S.A.
• GALASPORTO, S.A.
• ADDUS MARINE LTD, S. A.
• HELADOS MONTE BLANCO, S.A.
• MAC ASESORES, S.A.
• TELE-SYST INC.
• CONSTRUCTORA L.B.C., S. A.
• FINANCIERA SUPREMA, S. A.
• ILOVIVA S.A.
• TRANS CONTINENTAL MONEY CONSULTANTS (TRAMOC, S.A.)
• HISA HOFLER INTERNATIONAL, S.A.
• WGN INVESTMENTS, S.A.
• H. U. D. INTERNATIONAL S.A.
• MADERAS EXOTICAS, S.A. (MADEXA)
• MISA-MELDORFER INTERNATIONAL, S.A.
• BEN CORPORATION, S.A.
• INVERSIONES REBARBIER, S.A.
• MANER, S.A.
• BLOK MARINE DEVELOPMENT CORP.
• KIMDEL, S.A.
• CONSORCIO METALURGICO PANAMENO, S.A.
• MAPAMA, S.A.
• RANDAMI, S.A.
• ZENA, S.A.
• ELECTRA CORPORATION, S.A.
• DECORA A.G. S.A.
• ANDROS INTERNATIONAL, S.A.
• INOFFSEC INTERNATIONAL OFFSHORE SERVICE, S. A. -.-
• N. SINGH Y CIA., S.A.
• INTERCONTINENTAL FINANCE ANDROS, S.A.
• PAN TRADING CORPORATION, S.A.
• CIL PANAMA, S.A,
• UNIDOM VENTURE CAPITAL, S.A.
• DECOLOSAL, S.A.
• SIROLIZ, S.A.
• CIL INTERNATIONAL INC.
• CONSIGNACIONES DEL REAL, S.A.
• CORPORACION C.V.L. S.A.
• DELGAR, S.A.
• INTERNACIONAL VILA, S.A.
• PANAMA INTERNATIONAL INVESTORS CORPORATION, S.A.
• COMPUDATA ASOCIADOS, S.A.
• MEYSER TOUR, S.A.
• LEMMO, S.A.
• SCRIBNER Y CIA., S.A.
• BOW WARD CORPORATION, S.A.
• FIRST CANADIAN REIMBURSEMENT, CORP., S.A.
• INTERNATIONAL BOJ, S.A.
• DELIGNY INVESTMENTS, S.A.
• AGENCIAS MARITIMAS PANAMERICANAS, S.A.
• HOTELES DEL INTERIOR, S.A.
• LEGAS INVESTMENT, S.A. -.-
• DABRA INVESTMENT, S.A.
• CHICHITA INVESTMENT, S.A.
• BIO PANAMA, S.A.
• PATRILU INVESTMENT, S.A.
• INVERSIONES B. B., S.A.
• PICARO, S.A.
• LEVY FORTUNA, S.A.
• CEREZA, S.A.
• INTERNATIONAL DARIEN INVESTMENT, S.A.
• SERVICIOS MARITIMOS MUNDIALES, S.A.
• DELGADO, S.A.
• JIDANSI, S,A.
• JAIDAN, S.A.
• RENUEVO, S.A.
• OLMAR INVESTMENT, S.A.
• CONCENTRADOS TROPICALES, S.A.
• INTERCAMBIO VACACIONAL, S.A.
• INMOBILIARIA ZAWIAT, S.A.
• INVERSIONES EL MATAR, S.A.
• JANZOUR, S.A.
• TENJUST, S.A.
• INTERNATIONAL VACATION MARKETING, S.A.
• INMOBILIARIA LOS ANDES, S.A.
• BIENES RAICES EL VALLE, S.A.
• SANVADI S.A.
• PAULCE EXPORTING CORPORATION.
• WORLD WIDE AVIATION SERVICES, INC.
• EMPRESA MUNDIAL DE SERVICIOS, S.A. (ESPANOL) - WORLD TRADE SERVICE ENTERPRI SES, INC. (INGLES)
• FLOPRACO, S.A.
• MIDEAST FINANCING CORPORATION.
• TRANSMARISCOS, S.A.
• AGAMEZ, S.A.
• INMOBILIARIA ST. SALVY, S.A.
• COMPANIA DE MADERA HENRIQUEZ Y ALCAZAR, S.A.
• BIENES RAICES ALDO RONDES, S.A.
• BIENES RAICES ST. LOUIS, S.A.
• CIA. DE BIENES RAICES WALLEG, S.A.
• REDIMEX, S.A.
• COMPANIA DE BIENES RAICES LUCANOR, S.A.
• CIA. OCHO RIOS, S.A.
• BRANLY INVESTMENTS OF FLORIDA INC.- -.-
• TURENPE, S.A.
• CHANERY, S.A.
• HUGONOT, S.A.
• DUFRENE, S.A.
• CHYSUCA, S.A. -.-
• PIEDRA, S.A.
• RECURSOS, S.A.
• MIMAR PROYECTOS, S.A.
• MIBAR, S.A.
• CRISAN, S.A.
• TALLER DE MECANICA UNIVERSAL, S.A.
• CLUB DE PLAYA GORGONA JAYES, S.A.
• J. J. CROSS INC.
• CONFECCIONES MOMO, S.A.
• BONDAD INVIERNO, S.A.
• VASTAGO LAGO, S.A.
• HEREDAD ZAFIROS, S.A.
• FABRICA, S.A.
• CUALQUIER, S.A.
• DOMINIK Y CIA., S.A.
• OVERSEAS PROPERTIES (EUROPE), S.A.
• VALOIS COPPEL AND CO., S.A.
• SADLER AND CO., S.A.
• MATIAROME, S.A.
• BRIBARA, S.A.
• TRAMONTO, S.A.
• PAN EXPORT, S.A.
• ITAMAR, S.A.
• MODAS SISIS, S.A.
• KIG CORPORATION.
• OUTER CAMP, S.A.
• P.M. CONSULTORES ASOCIADOS, S.A.
• NICHIMEX, S.A.
• INMOBILIARIA MALLORCA, S.A.
• SOLAL, S.A.
• INMOBILIARIA MALAGA, S.A.
• H.E. Y ASOCIADOS, S.A.
• CAFENSE, S.A.
• HAWAI INTERNATIONAL, S.A.
• EPISA, S.A.
• CEPABRI, S.A.
• FINTRADE LTD, S.A.
• VARNITA, S.A.
• GIRAG PANAMA, S.A.
• INVERSIONES COSMOPOLITANAS, S.A. - COSMOPOLITAN INVESTMENTS,INC.
• BALAGUER, S.A.
• FLOCAR INVESTMENTS, S.A.
• INTERNATIONAL FACTORS INCORPORATED
• LUNA Y MORENO CIA., S.A.
• EDOTEX INTERNACIONAL, S.A.
• LINCAS, S.A.
• INMOBISIC, S.A.
• CORPORACION DE SERVICIOS COMBINADOS, S.A.
• ERDINE JOINT VENTURE ENTERPRISES, S.A.
• TRAPARCA, S.A.
• LAND INVESTORS JOINT VENTURE ENTERPRISES, S.A.
• MAMERLIPA, S.A.
• INVERSIONES JOMAR, S.A.
• LINSANY, S.A.
• CONSTRUCTORA SORAK, S.A.
• BRANDA, S.A.
• ELARON, S.A.
• VACATION WEEK, S.A.
• EXPLORERS CAPITAL CORPORATION
• PANAMA INTERNACIONAL ENTERPRISE, S.A.
• EQUIPO PESADO RODRIGUEZ, S.A.
• JOSEPHCO, S.A.
• ARABASIAN INVESTMENT CORPORATION, S.A.
• PIKULANE, S.A.
• ESTRELLA DEL ESTE, S.A.
• BACARA- INTERNATIONAL, S.A.
• MILANO, S.A.
• MADRID, S.A.
• INTERNATIONAL FILM ASSOCIATES, INC.
• ILAN INTERNACIONAL, S.A.
• TELEMARINA, S.A.
• MICHEL OVERSEAS OF PANAMA, S.A.
• CHATEAU D'ISLE, S.A.
• TAUREAN, S.A.
• INTERCO PANAMA, S.A.
• MEDIOS PUBLICITARIOS INTERNACIONALES, S.A.
• PANAMA ADVENTURES INC.
• SERCOMO, S.A.
• CONDOMINIO FELI, S.A.
• EDITEX, S.A.
• OLIVER INTERNATIONAL CORPORATION
• C.J. BOYKE, S.A.
• ALFONSO MUNOZ PANAMA, S.A.
• INTER UNITED MANAGEMENT SERVICE, S.A.
• CDHB INTERNATIONAL, S.A.
• INSTITUTO ECONOMICO INTERNACIONAL ,S.A.
• TARLAC S.A.
• COMPREX INTERNATIONAL, S.A.
• TORNEL CORPORATION, S.A.
• CHAI, S.A.
• PEROSBOL, S.A.
• EUROTECH INTERNACIONAL, S.A.
• BUSINESS SECURITY, INC.
• FILCOLOR CORPORATION, S.A.
• HUDANG, S.A.
• STORTI, S.A.
• RW MONEY MANAGEMENT & CONSULTING CORPORATION
• E.Y.R. INVESTMENTS, S.A.
• MINKA, S.A.
• NATURAL TRADING, CO. S.A.
• PAN BRAS TRADING CO. S.A.
• GENCO INVESTMENTS, S.A.
• LIDIJO, S.A.
• MARMO INVESTMENT, S.A.
• CALIFORNIA MOBIL, S.A.
• DABALSA Y AMIGOS, S.A.
• PAVERA INTERNACIONAL S.A
• BEST GARMENTS ENTERPRISE INCORPORATED,S .A.
• TERRAZAS DEL PALMAR, S.A.
• RUED INVESTMENTS INC. S.-A.
• CHARMA ENTERPRISE, S.A.
• ALMACEN IVETTE VESTIER LA CASSONA, S.A.
• RINTOL INVESTMENTS, S.A.
• M. H. INTERNATIONAL TRADING CORP, S.A.
• YOCKY INTERNACIONAL S.A. -.-
• CONSULTORIA MOSES S.A.
• CHERUBIN S.A.
• GUARITA, S. A.
• GALASTUR, S. A.
• SHESHERE`S, S.A.
• T.P. DATTA Y CIA., S.A.
• LORIMEX HOLDING CORP.
• GEMMA'S TRAVEL S.A.
• RAIN, S.A.
• REFOSCO, S.A.
• NOCOTE, S.A.
• DONIVEST, S.A.
• SOLVENTE INVESTMENT, S.A.
• MOGANA, S.A.
• SOUTHERN CROSS CONSOLIDATED MINING CORP.
• SEVERINO METAL INDUSTRIES, S.A.
• FASHION ACCESSORIES CONSULTANT, S.A.
• MIRAMOI S.A.
• UNITED DUNCAN BROS, S.A.
• MILTON TRADING CO., S.A.
• CORPORACION ARGUA, S.A.
• RUBIELOS, S.A.
• CASMAR S.A.
• SERVICIOS TECNICOS COMTEL, S.A.
• INMOBILIARIA INVERSIONES FUTURAS, S.A.