LODI, Calif., Dec. 12, 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 signing of another sizable management and processing agreement. This agreement with a California-based company increases PBT processing by nearly two hundred Cashless ATM machines which will be serviced by Pacific Financials Banking Services division. The units are currently deployed in National Quick Service Restaurants (QSR's), C-Stores, liquor stores and a variety of retail establishments.
"This is an attractive contract for us as it will continue to add significant revenues for Pacific through management and transaction fee income," commented Cliff Goehring, Pacific Financials President. Mr. Goehring continued, "This is a huge step forward in reaching the divisions revenue growth projections for next year. Pacific's PBT systems are designed and integrated to handle accounts of any size with our real-time processing and management platforms." This additional portfolio of managed PBT's is estimated to increase transaction revenues over $300,000.00 annually.
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), kiosks and Stored-Value card products and 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 & 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.