SALT LAKE CITY, March 13, 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, Media Agency Services and Affinity "Gift to Give'' prepaid gift and stored value cards, is pleased to announce that the company's recent acquisition of Pacific Financial Lending, Inc. and Pacific Media Group, Inc. both of Salt Lake City, UT has prompted the Grand Opening of a larger facility to accommodate the mergers and a suitable new location in Salt Lake City, Utah has been leased. PFUO's Corporate Headquarters is also moving into the new location.
Bruce Grogg, a resident of Utah and newly appointed CEO and President of PFUO agreed with the company board of directors, that with so many of the companies new assets being located in Utah, it simply made economic sense to relocate the corporate headquarters to the new offices in Utah.
"With the addition of the two new subsidiaries, and the relocation of the corporate headquarters offices to Utah, there is a brand new buzz and a real feeling of anticipation in the air from all of our employees and more importantly the shareholders I have personally spoken with," Stated Bruce Grogg CEO of PFUO. Mr. Grogg continued, "This is already starting out to be an incredibly exciting year for PFUO and I'm pleased to see growth in our client base and company revenues exceeding expectations."
About Pacific Financial (www.PFUO.com)
Pacific Financial Solutions, Inc. 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 three fully integrated divisions: Pacific Banking Services (Point-of-Banking terminals), Pacific Card Services and Pacific Financial Lending. 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, Affinity sales as well as mergers and acquisitions. Pacific's global strategy centers on deploying both single and multi-use debit banking products and lending services along with stored-value debit card services 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.