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Technology Stocks : PFUO - Pacific Financial Solutions, Inc.

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From: jmhollen10/4/2006 7:50:04 AM
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Pacific Signs New Cashless ATM Management Contract; Number of Transactions Climbs 156 Percent

LODI, Calif., Aug 30, 2006 (PRIMEZONE via COMTEX) -- 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 Banking Services division has signed its newest client for managing Cashless ATM Teller Machines (Point of banking terminals). The California based client owns and operates PBTs in 6 western states and expects to operate over 250 units by years end.


Pacific's President, Cliff Goehring stated, "This newest customer increases our client list of managed PBTs to over 1,000 machines in 36 states. This new client gives Pacific the opportunity to demonstrate our continued commitment to excellence in customer care. We are now operating company owned units in 11 states. Pacific's reputation for quality processing of debit transactions continues to bring our Banking Services division additional customers. We are privileged to be a part of this ever growing industry."

Pacific Banking Services monthly debit transactions during the first half of 2006 have improved 156% over the same period one year ago.

Pacific Financial Solutions, Inc. (www.pfuo.com) is a premier global distributor of financial services and products and provides 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 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 and acquisitions. Pacific's global strategy centers on deploying both single and multi-use debit banking services and enabling devices worldwide.

SOURCE: Pacific Financial Solutions, Inc.
By Staff
CONTACT: Pacific Financial Solutions, Inc.
Barbara Thomas
bthomas@pfuo.com

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