SALT LAKE CITY, Dec. 6, 2007 (PRIME NEWSWIRE) -- Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing Alternative Financial Lending with Collections Services (PFL) and full Media production and Advertising services (PMG) announced today the completion of a merger with College Financial Services, Inc. (CFS) (www.collegefinancialservices.com) of Salt Lake City, UT.
Pacific's dramatic growth during this past year in its Lending division's collections department and Pacific's Media Seminar Division has brought about unique relationships with several of PFUO's clients. One of those clients was College Financial Services, Inc. and after negotiations CFS shareholders agreed to merge with PFUO.
Bruce Grogg, CEO of PFUO commented, "this merger with CFS came as a result of our relationship built over the past few months as CFS was one of our existing Seminar clients." Mr. Grogg continued, "our growing reputation for excellent customer service, professional customer handling, and our ability to implement and manage seminars, was what won over CFS and their shareholder's to merge with PFUO."
College Financial Services, Inc. revenues exceed $1,200,000 year to date. PFUO revenues are expected to increase by approximately $4,000,000 in 2008.
About Pacific Financial
Pacific Financial Solutions, Inc. is a premier global distributor of financial services and products providing its customers with fully integrated divisions: Pacific Financial Lending and Pacific Media Group a full service advertising group. 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.
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.