ParaFin Retains Group of Experts and Legal Team to Negotiate With ING N.V.
16 September 2010 - 3:00PM
Marketwired
ParaFin Corporation (PINKSHEETS: PFNO) --
ParaFin Corporation has assembled a team of legal consultants in
Zurich, London, New York, Los Angeles and Vancouver with experience
in dealing with large Financial Institutions such as ING N.V. A
Swiss banking expert and fraud specialist has started to gather all
ING files associated with the issue of the Series FF ING 5.5%
Bearer Bonds issued on June 16, 2000 and redeemable on June 16,
2010.
The redemption period of the ING bearer Bonds (June 16, 2010)
has passed and ING has refused several invitations to meet with
ParaFin's Forensic Consultant, Gerald M. LaPorte, one of the
world's foremost Forensic Experts. Mr. LaPorte's attempts to meet
with representatives of ING were to give ING the opportunity to
confirm or to contradict the results of his Forensic Report to
ParaFin dated May 7, 2010 and to determine the source of the Series
FF ING 5.5% Bearer Bonds.
Gerald M. LaPorte was the Chief Forensic
Chemist for the US Secret Service until he moved to the
Department of Justice as the Forensic Policy
Program Manager. The United States Secret Service oversees all
matters regarding US issued Securities including the US
Currency.
ParaFin is hopeful that a successful resolution will result in
negotiating the terms of Redemption of the Series FF ING Bearer
Bonds rather than pursue an alternative legal forum of Court
jurisdiction to then let the Courts decide.
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 iling 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.
To be included in our company mail list for real-time news and
updates, please e-Mail: ceo@parafincorp.com
ParaFin Corporation 5190 Neil Road, Suite 430 Reno, Nevada USA
89502 e-Mail: ceo@parafincorp.com Web:
www.parafincorp.com (213) 985-3136
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