SOURCE: Parafin Corporation

February 29, 2008 13:20 ET

ParaFin Corporation Signs Agreement for the North American Distribution Rights to the World's First "Smokeless Cigarette"

PALM SPRINGS, CA--(Marketwire - February 29, 2008) - ParaFin Corporation (ParaFin) (PINKSHEETS: PFNO): the Board of Directors of ParaFin today announced having signed an exclusive Agreement for the North American distribution rights to the world's first "smokeless cigarette." The agreement is between ParaFin and Rauchless Inc. (Rauchless) of Nashville, TN.

Rauchless, which means "smokeless" in German, has developed a complete smoke free device, identical in appearance to a cigarette, that gives smokers the same oral sensation of smoking a cigarette without the harmful effects of burned tobacco and of generating second hand smoke. PFNO's President commented: "Rauchless were the first to acknowledge exactly what a smoker wants to feel, taste and experience, without becoming a pariah on a flight, in restaurants and at the workplace."

The management of ParaFin sees the potential of Rauchless as a billion dollar business. Rauchless' VP of Sales Thomas Schroepfer deems this an achievable goal if only "one percent (1%) of the country's smokers stay inside their office or workplace and smoke two 'Rauchless' cigarettes in the morning and in the afternoon."

Although the electronics of what looks like a cigarette are currently manufactured in China, under the direction of Rauchless' inventor and Vice President of Research & Development, Dr. Robert Wang, the filter and the aroma which give the stick its soul will be made in the USA and Western Europe. For further information go to the Rauchless web site www.rauchless.com.

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 company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at 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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