SOURCE: Parafin Corporation
LOS ANGELES, CA--(Marketwire - Sep 20, 2012) - ParaFin Corporation (PINKSHEETS: PFNO): (ISIN: US69912M4006) - The Resource Development Group, Inc. has informed ParaFin that they "are in final negotiations for the purchase of an additional company in Turkey. The first planning stage of a project has been started in a famous spa town in east Anatolia on a tract of land totalling 400.000 m².
The entire project will encompass the construction of a health and rehabilitations centre as well as a hospital with 400 beds and a usable area of 40.000 m².
The centre features medical treatments for various indications in such areas as orthopaedics, sports medicine, rehabilitation programs and psychosomatic diseases, as well as tourist and sports facilities. The treatments are not only directed at the patients themselves but also at such groups as national and international athletes and clubs as well as active vacationers in the summer and winter seasons who, in addition, place emphasis on medical supervision for regenerative purposes.
A 70% occupancy rate with a bed price of EUR 107,00 per day has been guaranteed by the government within the framework of preliminary negotiations.
The estimated turnover amounts to EUR 42 million per year."
ParaFin has recently negotiated an Agreement to acquire a fully diluted 25% interest in Resource Development Group, Inc.
The website of Resource Development Group, Inc. is www.resource-development-group.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 and Annual and Quarterly filings with www.Pinksheets.com 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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