LODI, Calif., Oct. 27, 2005 (PRIMEZONE) -- Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing cashless ATM and wireless POS devices, merchant processing, and prepaid stored-value cards, utilizing Pacific's Point-of-Banking (PBT) terminal technology, announced today the integration of the asset purchase of over 500 Washington, Oregon, Idaho and Montana independent payphone locations. This acquisition will add an increase in EBITDA of approximately $200,000.00.
"This purchase pushes Pacific's revenues to nearly $2,000,000 annually. The addition of this revenue stream is extraordinary for our company, along with the 400 new retail customers, this acquisition will allow our sales and marketing team to introduce and place dozens of new PBT's devices, additionally allowing for sales of many of our other financial products and prepaid services," commented Cliff Goehring, Pacific's president. Mr. Goehring continued, "When you look at the combined revenue potential of the payphones plus new PBT placements into this captive market, Pacific will significantly boost revenues in 2006."
About Pacific Financial Solutions Inc.
Pacific Financial Solutions Inc., a premier global distributor of financial services and products, provides its customers with an array of prepaid stored-value and kiosk enabling devices. Pacific is comprised of three integrated divisions: consumer services, providing customer care; Point-of-Banking terminals (PBTs); and product service and maintenance. Pacific is a location services provider (LSP) for national and regional retail merchants. Pacific's continued success is driven by corporate sales, ISO's sales, as well as mergers and acquisitions. Pacific's global strategy centers on deploying both single and multi-use debit enabling devices worldwide.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The company's past performance is not necessarily indicative of its future performance. The company does not undertake, and the company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement. For more information, call Pacific at (877) 649-0016, or visit their website at www.pfuo.com.