Message #1 From:
NewsBot Date: August 7, 2006 06:01:00 AM
PFUO News Cubis Financial Signs New Stored-Value Card Vendor; Pacific Financial Solutions Inc. Joins the Ranks of Cubis Clients
LAS VEGAS--(BUSINESS WIRE)--Aug. 7, 2006--Cubis Financial, Ltd. is pleased to announce that Pacific Card Services, a division of Pacific Financial Solutions Inc. (Pink Sheets: PFUO), has signed a multiyear service agreement for stored-value and gift card support services.
"Our agreement with Pacific Card Services opens the door to hundreds of new stored-value and gift card distribution channels around the country," said Phil Huston, director of development for Cubis Financial.
Pacific Financial Solutions is a leader in providing cashless ATMs featuring point-of-banking terminal technology, gift cards and prepaid stored-value cards at locations throughout the United States.
"Cubis Financial received our business because of its proven track record and strong professional support services," said Cliff Goehring, president of Lodi, Calif.-based Pacific Financial Solutions. "We are confident that this new relationship will greatly enhance our affinity programs and debit card marketing success."
Pacific will market tens of thousands of fund-raising gift cards to the affinity market during the remainder of 2006. The firm currently is working with several national 501c3 organizations, including CureBreastCancer.org, to establish fund-raising opportunities. Cubis Financial will provide the back-end processing services for these cards.
"Pacific's arrangement with CureBreastCancer.org provides individuals the opportunity to purchase gift cards on the organization's Web site with a portion of proceeds going to fund the fight for a cure," said Derek LaFavor, CEO of Cubis. "We are absolutely thrilled to partner with Pacific Card Services and to contribute to this great cause."
About Cubis Financial, Ltd.
Cubis Financial, Ltd. (www.CubisFinancial.com) is a technology-driven financial services marketing company. The firm manages stored-value card and sub-prime credit card programs for its clients. Cubis provides on- and off-line solutions to launch, expand or enhance a cardholder portfolio. Cubis' customizable, private labeled card platform supports any gift, general spend, payroll or specialized stored-value card program. Cubis specializes in turnkey card solutions.
About Pacific Financial Solutions Inc.
Pacific Financial Solutions Inc. (www.pfuo.com) is a premier global distributor of financial services and products, providing its customers with a wide array of prepaid stored-value and kiosk enabling devices. Pacific is composed of fully integrated divisions: Pacific Banking Services (point-of-banking terminals) and Pacific Card Services. Pacific is a location services provider for national retail merchants. Pacific's continued success is driven by corporate sales, independent sales organizations' sales as well as mergers and acquisitions. Pacific's global strategy centers on deploying single and multiuse debit banking services and enabling devices worldwide.
