SALT LAKE CITY, May 30, 2007 (PRIME NEWSWIRE) -- Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing cashless ATM kiosks, Point-of-Banking (PBT) terminal technology, Alternative Financial Lending and Affinity "Gift to Give" prepaid gift and stored value cards, announced today the commencement of live testing and implementation of their newly acquired lending and collections software at its Pacific Financial Lending division (PFL).
Pacific's lending and collections departments have grown so rapidly and client demands for remote monitoring, full call recording, custom reporting and more, consequently made it a priority to update PFL's systems and software to the most sophisticated and user friendly that could be instituted. After many weeks of testing, PFL has made the decision to implement the newest release of the Loan Now software from Closed First Systems.
Bruce Grogg, CEO of PFUO, commented, "We had been looking at new hardware and software solutions that could handle all of our many clients' individual needs such as recording of every call from beginning to end, remote monitoring and call interrupt, email capability, auto dialer, auto letter sending, auto billing, and much more. Closed First clearly out-distanced all other choices in providing best-in-class solutions, and after our initial tests, it was clear that this system will allow PFL to continue to provide the highest level of client services."
PFUO remains on track to reach its revenue goals for 2007.
About Pacific Financial (www.PFUO.com)
Pacific Financial Solutions, Inc. (www.pfuo.com) is a premier global distributor of financial services and products providing 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 an Affinity Services Provider (ASP) for national and regional 501c3 organizations. PFUO also has Pacific Financial Lending, Inc. which encompasses pre-collections services, commercial leasing, and consumer lending, and Pacific Media Group, Inc. a full service TV, Radio, and Print advertising agency. Pacific's continued success is driven by corporate sales, ISO's sales as well as mergers and acquisitions. Pacific's global strategy centers on consumer lending, pre-collections services, media, and 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.