ParaFin Corporation Corporate Update Announces the Final Stages of Negotiations to Hire President of "Smokeless Inc."

PALM SPRINGS, CA, Mar 05 (MARKET WIRE) --
The Board of Directors of ParaFin Corporation (PINKSHEETS: PFNO) today released
a corporate update for all shareholders. ParaFin Corporation recently
announced our exclusive Agreement with Rauchless Inc. for the North American
distribution rights to the world's first "smokeless cigarette." We feel this
acquisition is a "ground floor" opportunity and believe it will bring
significant short and long term value to Parafin Corporation.

ParaFin is in the final stage of negotiations to hire a well known
industrybuilder as President of "Smokeless Inc.," the wholly owned subsidiary
that
will be handling the distribution and sales of the highly innovative "smokeless"
cigarette product. He has the experience necessary to spearhead ParaFin's
smokeless
cigarette venture. Parafin hired an investor and public relations firm late last
month in order for us to better communicate with both the media and
shareholders. The PR firm, JD Merlin & Associates, has conducted an
informative interview with Rauchless Inc.'s Thomas Schropfer to explain the
potential of their new innovative product. The interview can be heard at
www.jdmerlinandassociates.com.

Recently Shareholders representing 76.5 percent of the issued common stock
of
the Corporation approved a resolution granting the Board the discretion to
implement
a reverse stock split. The Board of Directors have concluded that it would not
be
in the best interest of the Corporation to do a reverse stock split in view
of the recent "smokeless" cigarette license Agreement. It is the opinion of
Management that the Corporation will require a very large capitalization to
assure investors that there will be liquidity in the trading of the shares
of ParaFin.

Updating shareholders information on previous ventures; the Corporation
could not
obtain pipeline capacity to export oil from Russia and until a pipeline
export permit is received, this transaction will be on hold. Negotiations are
still ongoing in settlement talks regarding the Farmout Agreement in Colombia.
The Exploration and Development Farmout Agreement for the approximately 6
million
acre hydrocarbon concession in Paraguay is close to being financed. The
design of the PCE ergonomic computer work station required more design changes
that were made necessary after testing a proto-type manufactured in China. These
design changes will be completed shortly.

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
strategicallysignificant plan(s) outlined above. The company cautions that these
forwardlooking 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.

Contact:

JD Merlin & Associates
www.jdmerlinandassociates.com
Dana Salzarulo
860-531-4004
info_pfno@yahoo.com

ParaFin Corporation:
Telephone: (877) 613-3131
Facsimile: (866) 613-3131
Internet Web Site: www.parafincorp.com
E-Mail: ceo@parafincorp.com

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