SALT LAKE CITY, May 16, 2007 (PRIME NEWSWIRE) -- Pacific Financial Lending, Inc., a wholly owned subsidiary of Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing cashless ATM kiosks, Point-of-Banking (PBT) terminal technology, Alternative Financial Lending, Affinity "Gift to Give" prepaid gift and stored value cards, and full TV, Radio and Print Media services, announced today that Mr. Bruce Sutton, a Certified Fraud Examiner (CFE), has joined PFUO as its Controller.
"Since our merger with Pacific Financial Lending in March of this year, we had been searching for a strong management candidate to fill our Controller position. Mr. Sutton was highly recommended and holds a PhD in Management, a CBM, MTMA, and CFE," stated Bruce Grogg, CEO. Mr. Grogg continued, "Because we deal with consumer lending, Mr. Sutton's Certified Fraud Examiner (CFE) certification factors greatly into our corporate growth plans."
Mr. Sutton stated, "The level of energy and exceptional growth potential with PFUO was at the heart of my decision to come on board; meeting their existing management team was the deciding factor for me in accepting the position. This is a very vital time for PFUO and I am thrilled to have the opportunity to be a part of it."
Pacific Financial Lending continues to attract new clients and is on track to meet its objective of estimated revenues for 2007 of approximately $7.8 million.
About Pacific Financial Solutions, Inc.
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 & 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.