Saean Group Inc. (SEAN): Pacific Financial Prepares for Reorganiz...

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Monday, 05/12/2008 9:57:44 AM

Monday, May 12, 2008 9:57:44 AM

Pacific Financial Prepares for Reorganization and Completes Stock Reversal

LODI, Calif., May 12, 2008 (PrimeNewswire via COMTEX) -- Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing cashless ATM kiosks,Point-of-Banking (PBT) terminal technology and Affinity "Gift to Give'' prepaid gift and stored value cards, announces the divestiture of all subsidiaries in a bulk sale completed in April; all three (3) divisions were divested in preparation for a complete reorganization.

As of May 9, 2008 a stock reversal of 1 for 7 was also completed in preparation for the reorganization. NASDAQ received the necessary documentation to process the reverse split for Pacific Financial Solutions Inc. and the new symbol as of this date is PCFN.

This divestiture and stock reversal completes Pacific's preparation for a pending merger.

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