ParaFin Corporation's Partner, Resource Development Group, Inc., Confirms EUR 25 Million Cost for Spa Project in Eastern Turkey

LOS ANGELES, CA--(Marketwire - Sep 26, 2012) - ParaFin Corporation (PINKSHEETS: PFNO) (ISIN: US69912M4006) -- The Resource Development Group, Inc. has confirmed to ParaFin "That the investment for the first phase of the project totals EUR 25 million with a portion of this amount being covered by subsidies from the European Union and local governments.

"A heated spring with medicinal waters is on the property which has existed for over 800 years and is known throughout Turkey for its therapeutic properties. The mineral water, that is very rich in bicarbonate, chlorine, sodium and carbon dioxide, flows out the ground at temperatures between 39 and 45 degrees Celsius direct into the spa town. The water is used for medicinal drinking and baths and helps in the rehabilitation of rheumatism, and psychic exhaustion as well as muscle, nerve and joint disorders.

"The Resource Development Group, Inc. is planning to build a training camp for soccer clubs and a hotel complex on the property. The investment here totals EUR 25 million. Tourism in the region received a big boost in 2010/2011 because of large successful sporting events and an additional investment of US $ 300 million."

ParaFin has recently negotiated an Agreement to acquire a fully diluted 25% interest in Resource Development Group, Inc.

The website of Resource Development Group, Inc. is www.resource-development-group.com 

ParaFin Corporation

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