SOURCE: Parafin Corporation

ParaFin Corporation

August 27, 2012 10:48 ET

Strategic Cooperation Between Resource Development Group Inc. and ParaFin Corporation

LOS ANGELES, CA--(Marketwire - Aug 27, 2012) - ParaFin Corporation (PINKSHEETS: PFNO): ParaFin Corporation (ISIN: US69912M2026) announces that it has entered into a long term strategic cooperation with Resource Development Group, Inc. (RDG) to ensure the implementation of RDG's projects and financial objectives.

ParaFin Corporation (ISIN: US69912M2026) will act as a refinancing partner for individual projects of Resource Development Group, Inc. and thus directly participate in the activities of the Resource Development Group.

ParaFin Corporation (ISIN: US69912M2026) is also seeking to acquire 25% of the fully diluted equity of Resource Development Group, Inc.

Resource Development Group, Inc. has already completed agreements in the areas of crude oil production, waste disposal, ship-building for inland waterways and holds a LOI for the reintroduction of the "Mystery Drink". Further announcements will follow.

This strategic cooperation represents an explicit long-term alliance for ParaFin Corporation (ISIN: US69912M2026).

The website of Resource Development Group, Inc. is www.resource-development-group.com

ParaFin Corporation

Disclaimer
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 and Annual and Quarterly filiungs 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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Contact Information

  • ParaFin Corporation
    5190 Neil Road, Suite 430
    Reno, Nevada USA 89502
    e-Mail: ceo@parafincorp.com
    Web: parafincorp.com
    (213) 985-3136