SOURCE: Parafin Corporation

February 13, 2006 15:50 ET

ParaFin Acquires P__CE, Inc. (Personal Computing Environments), Makers of Ergonomic Computing Stations

PALM SPRINGS, CA -- (MARKET WIRE) -- February 13, 2006 -- ParaFin Corporation (OTC BB: PFNC) announced today that it has agreed to purchase P__CE, 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).

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 refers to its new environment as the "anti-cubicle" (www.mypce.com). 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 multiple 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.

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.

Contact Information

  • Contact:
    ParaFin Corporation
    Telephone: (877) 613-3131
    Facsimile: (866) 613-3131
    E-Mail: ceo@parafincorp.com