ParaFin Acquires PCE, Inc., Makers of Ergonomic Computing
Stations
PALM SPRINGS, CA--(MARKET WIRE)--Feb 13, 2006 -- ParaFin
Corporation (OTC BB:PFNC.OB - News) announced today that
it has agreed to purchase PCE, Inc. [Personal Computer Environments
(PCE), www.mypce.com]. A manufacturer and marketer of high-end
workstations, PCE has developed a radical new design for
the computing environment.
PCE's revolutionary design is patent pending. The design
has garnered impressive international media attention on
CNN, and in Wired and Popular Science magazines. Its computing
stations are already being used by prominent international
clients such as Hewlett Packard (Singapore), Mussel Shoals
College in Alabama and True Corporation (formerly Asia Telecom,
Thailand).
The agreement allows ParaFin to acquire up to 100% of PCE.
ParaFin President and CEO, Sid Fowlds, said the key to the
agreement was not just a cutting-edge product, but the fact
that ParaFin was acquiring PCE's experienced production,
sales and marketing team.
An efficient and radical re-design of the personal computer
workspace, PCE's new environment has been called the "anti-cubicle."
It is a striking C-shaped design that extends one or more
LCD monitors directly in front of the user. It puts users
in the center of their computing, communications and entertainment
devices. The innovative design is ergonomically engineered
to reduce users susceptibility to repetitive stress injuries
and musculoskeletal disorders, such as carpel tunnel syndrome.
Today the average employee now spends more than half their
waking hours doing their jobs and managing their lives on
a computer in front of a LCD screen.
Because of PCE's radical modular design, the units can
be customized for a broad range of business and entertainment
applications that utilize computers and monitors. Those
include call centers, computer programmers, CAD/product
design, education, financial, brokerage, most healthcare
and hospital offices, security monitoring, and video gaming.
ParaFin's negotiations to enter into a Farmout Agreement
with Black Gas Energy LLC have been terminated without an
agreement by mutual consent.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements,"
as that term is defined in Section 27A of the United States
Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements in this press release,
which are not purely historical, are forward-looking statements
and include any statements regarding beliefs, plans, expectations
or intentions regarding the future. These forward-looking
statements are made as of the date of this news release,
and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results
could differ from those projected in the forward-looking
statements. Although we believe that the beliefs, plans,
expectations and intentions contained in this press release
are reasonable, there can be no assurance those beliefs,
plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-KSB for the 2004
fiscal year, our quarterly reports on Form 10-QSB and other
current reports filed from time-to-time with the Securities
and Exchange Commission.
Information on PCE is available at www.mypce.com.
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