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ParaFin Signs Agreement to Provide $21 Million Worth of Diesel Fuel on a Bi-Weekly Basis to Thailand Company
Friday September 8, 9:00 am ET


PALM SPRINGS, CA--(MARKET WIRE)--Sep 8, 2006 -- ParaFin Corporation (OTC BB:PFNC.OB - News): ParaFin Corporation (the Company) signed an agreement to sell 1,200,000 Metric Tons of High Speed Diesel #2 (8,760,000 barrels) to Wellsink Petroleum Co., Ltd. of Bangkok, Thailand.


"The contract requires bi-weekly delivery of 50,000 Metric Tons of High Speed Diesel #2, which is valued at approximately USD$21,000,000.00. Price concessions, that were negotiated in exchange for terms, make the transaction very profitable for both companies," stated both parties to the Agreement.

The transaction is now into the Banking confirmation stages to issue the Documentary Letters of Credit for payment of each Cargo delivery and a Stand-By-Letter-Credit as security for the contract. The company anticipates the deliveries to commence in November.

The agreement with Wellsink is the first step in the Company's plan to create a presence in Southeast Asia. Representatives of the Company will be in Southeast Asia on September 10, 2006 to seek to secure other similar Agreements that may include Russian Export Blend Crude Oil and Saudi Light Crude. We are hoping that those contracts will be executed in the near future.

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.


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



--------------------------------------------------------------------------------
Source: ParaFin Corporation

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