SOURCE: Parafin Corporation

March 15, 2010 11:55 ET

Board of Directors Vote to Revert to Fully Reporting Status and to Apply to Re-Instate the Shares of ParaFin to Trade on Bulletin Board

RENO, NV--(Marketwire - March 15, 2010) - ParaFin Corporation (PINKSHEETS: PFNO): The Board of Directors have voted to become fully reporting and to apply to re-instate the shares of the Corporation to trade on the Bulletin Board. In January, 2008, the Corporation went non-reporting on the advice of Counsel and the shares of ParaFin then traded on the Pink OTC Market under the symbol PFNO.PK.

While ParaFin shares were listed for trading on the Bulletin Board from 1982 to 2006, the Corporation filed all Annual reports (now 10-KSB) and filings, with Audited Financial Statements, and all Quarterly reports (now QSB). The last 10-KSB with Audited Financial statements filed by ParaFin Corporation with Edgar was for the year ending September 30, 2006.

The Financial statements for 2007, 2008 and 2009 have been prepared by Management but have not been Audited. Once the Financial Statements have been Audited, 10-KSB's and 10-QSB's for the years 2007, 2008 and 2009 will be filed with Edgar. When the 10-KSB's and 10-QSB's have been accepted for filing by Edgar, ParaFin Corporation will then apply to have its shares re-instated to trade on the Bulletin Board.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the companys Form 10-KSB iling and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

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