LODI, Calif., March 15, 2006 (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, and stored-value card services, announced today that its Board of Directors has approved a two for one stock split for Shareholders of record as of March 23, 2006.
Stockholders of record at the close of business on March 23, 2006 will be issued one additional share of the Company's common stock for each share held. The additional shares will be distributed on April 1, 2006. Based upon current shares outstanding, the stock split is expected to increase the number of shares outstanding from nearly 17 million to approximately 35 million.
About Pacific
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, merchant processing and kiosk enabling devices. Pacific is comprised of three integrated divisions: Pacific Banking Services with its Point-of-Banking terminals (PBTs), Pacific Kiosk Corp. and Pacific Card 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 Financial Solutions at 877-649-0016 or visit their website at www.pfuo.com.