LODI, Calif., Dec. 14, 2005 (PRIMEZONE) -- Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing cashless ATM and wireless POS devices featuring Pacific's Point-of-Banking (PBT) terminal technology, Merchant Processing and stored-value cards, announced today the appointment of Dr. Steve Van Hauen to its board of directors. Dr. Van Hauen, an accomplished real estate developer, is the owner, Chairman and CEO of Santa Fe Investment Corporation, a real estate and financial firm. Dr. Van Hauen has a Ph.D. in Accounting and Finance and has taught at both the undergraduate and graduate level in several major universities throughout the Southwest.
Cliff Goehring, Pacific Financials' President, commented, "Dr. Van Hauen adds significant managerial depth to our organization and we are excited that he is joining our board. He brings vast experience in financial services, education, and governmental auditing, and we are confident that his strategic alliances with a large number of clients and major universities will prove beneficial to our future growth. We look forward to his active contributions."
About Pacific
Pacific Financial Solutions Inc., a premier global distributor of financial services and products, provides its customers with a wide array of prepaid stored-value and kiosk enabling devices. Pacific is comprised of three integrated divisions: Point-of-Banking terminals (PBTs), Global Kiosk Corp. and Pacific Card Services. 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 banking services and enabling devices worldwide.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcome to be materially different from those anticipated and discussed herein. 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.
For more information, call Pacific at 877-649-0016 or visit their website at www.pfuo.com.