LODI, Calif., Aug. 7, 2006 (PRIMEZONE) -- Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing Cashless ATMs featuring Pacific's Point-of-Banking (PBT) terminal technology, Affinity and Retail "Gift" cards and prepaid stored-value cards, announced today that its Pacific Card Services division has signed a multi-year processing agreement for stored-value and "Gift" card processing with Cubis Financial Ltd. of Las Vegas, NV.
Phil Huston, Director of Development for Cubis, stated, "This agreement with Pacific's Card Services division and the several huge Affinity fund-raising initiatives that they are bringing to the table will have our IT department working overtime." Mr. Huston added, "Pacific's recent signing of 'curebreastcancer.org' and Dr. Bodai's new fund-raising campaign involving tens of thousands of devoted donors worldwide will now be able to purchase 'Gift' cards for loved ones at the curebreastcancer.org website. Each card purchased will have a portion of the card purchase go to 'Fund the Fight' for building awareness and funding for women's breast cancer research."
Pacific's President, Cliff Goehring, stated, "This relationship with Cubis and the strong professional and proven processing success they've already demonstrated to us will greatly enhance all of our Affinity programs." Mr. Goehring added, "This gives Pacific the opportunity to improve our continued commitment to excellence in Affinity debit card marketing."
Pacific expects to market tens of thousands of fund-raising "Gift" cards to the global Affinity market over the coming months and is currently working with several international, national and regional 501c3 organizations.
About Cubis Financial, Ltd.
Cubis Financial, Ltd. (www.CubisFinancial.com) is a financial services marketing company focused on the sub-prime credit card and stored-value card industries. Cubis provides on- and off-line solutions to finance and banking clients to launch, expand or enhance a cardholder portfolio. The firm provides a customizable, private labeled card platform that can support and service any gift, general spend, payroll or specialized card program.
About Pacific Financial Solutions, Inc.
Pacific Financial Solutions, Inc. (www.pfuo.com) is a premier global distributor of financial services and products providing customers with a wide array of prepaid debit, 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 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 products and services along with 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.