ParaFin Corporation's 25% Partner, Resource Development Group, Inc., Enters Into Partnership With Turkish Municipalities

LOS ANGELES, CA--(Marketwire - Oct 10, 2012) - ParaFin Corporation (PINKSHEETS: PFNO): (ISIN: US69912M4006) USA - The Resource Development Group, Inc. (RDG) has informed ParaFin that "the Turkish SYAT Ltd., a 100% owned cooperation partner of the Resource Development Group, Inc., is currently negotiating with various Turkish local authorities to establish joint project companies for the implementation of projects in the areas of environment, energy and public health. The discussions to date with local government officials and ministers in Ankara have been very promising. The Resource Development Group, Inc. is expecting the first project Company to be founded shortly. The Company structure will be based upon the PPPs (Public Private Partnerships) known in Germany.

"Manfred Brecht, the European Manager of the Resource Development Group, Inc., described the attractive support programs in Turkey as follows: 'Turkey is facing big harmonisation challenges in meeting the EU standards with respect to their anticipated entry into the European Union. Alone, the costs for adapting and maintaining the environmental requirements of the European Union have been estimated at EUR 60 - EUR 80 billion by the Turkish Environment and Forest Ministry. The funds will primarily be allotted to the water sector with the emphasis on fresh water and sewage. There is also a big demand for investment and modernization in the areas of energy and waste disposal.' As an official candidate for entry into the EU, Turkey will be sponsored by the European Union through the IPA (Instrument for Pre-Accession) mechanism. The basis for the European Union support of the IPA is divided into five primary areas which, in turn, are broken down into specialized operational programs and procedural packages. Three operational programs have been created for support in the principal area of regional development: environment, regional competitive position and transportation. The primary goals of the program are an increase in environmental protection, an improvement in the quality of life for the population, better access to fresh water as well as the expansion and the modernisation of sewage treatment and waste management facilities."

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

ParaFin Corporation
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