SALT LAKE CITY, March 12, 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 and Affinity "Gift to Give" prepaid gift and stored value cards, announces the completed merger with Pacific Media Group, Inc. (PMGI) of Salt Lake City, UT. The merger brings best-in-class in print, radio and TV media creative and placement capability to PFUO.
This union between Pacific Financial Solutions, Inc. and Pacific Media Group, Inc. brings PFUO a full service direct response media and advertising agency. PMGI has radio, TV and print groups that offer complete turn-key solution for creative, creation, media buying and sales fulfillment.
"PMGI offers a resolute approach in presenting our clients with a comprehensive advertising solution for direct response firms advertising needs based upon their specific business stratagem," said Bruce Grogg, CEO of PFUO. Mr. Grogg added, "PMGI has immense knowledge and experience in direct response marketing and they have the capitalist drive and hands-on knowledge which helps clientele achieve their strategic business goals."
This merger is expected to bring PFUO revenues in excess of $3.5 million in 2007.
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 & 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.