LODI, Calif., Aug. 30, 2006 (PRIMEZONE) -- Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing Cashless ATMs featuring Pacific's Point-of-Banking (PBT) terminal technology, Affinity and Retail Gift cards and prepaid stored-value cards, announced today that its Pacific Banking Services division has signed its newest client for managing Cashless ATM Teller Machines (Point of banking terminals). The California based client owns and operates PBTs in 6 western states and expects to operate over 250 units by years end.
Pacific's President, Cliff Goehring stated, "This newest customer increases our client list of managed PBTs to over 1,000 machines in 36 states. This new client gives Pacific the opportunity to demonstrate our continued commitment to excellence in customer care. We are now operating company owned units in 11 states. Pacific's reputation for quality processing of debit transactions continues to bring our Banking Services division additional customers. We are privileged to be a part of this ever growing industry."
Pacific Banking Services monthly debit transactions during the first half of 2006 have improved 156% over the same period one year ago.
Pacific Financial Solutions, Inc. (www.pfuo.com) is a premier global distributor of financial services and products and provides its customers with a wide array of prepaid stored-value and kiosk enabling devices. Pacific is comprised of fully integrated divisions: Pacific Banking Services (Point-of-Banking terminals) 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. 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.