ParaFin Corporation's Strategic Partner, Resource Development Group Inc., Is Negotiating for Spa Project in Eastern Turkey

ParaFin Corporation

 (PINKSHEETS: PFNO)

:

(ISIN: US69912M4006) -

 The 

Resource Development Group, Inc.

has informed ParaFin that they "are in final negotiations for the purchase of an additional company in Turkey. The first planning stage of a project has been started in a famous spa town in east Anatolia on a tract of land totalling 400.000 m².

The entire project will encompass the construction of a health and rehabilitations centre as well as a hospital with 400 beds and a usable area of 40.000 m².

The centre features medical treatments for various indications in such areas as orthopaedics, sports medicine, rehabilitation programs and psychosomatic diseases, as well as tourist and sports facilities. The treatments are not only directed at the patients themselves but also at such groups as national and international athletes and clubs as well as active vacationers in the summer and winter seasons who, in addition, place emphasis on medical supervision for regenerative purposes.

A 70% occupancy rate with a bed price of EUR 107,00 per day has been guaranteed by the government within the framework of preliminary negotiations.

The estimated turnover amounts to EUR 42 million per year."

ParaFin has recently negotiated an Agreement to acquire a fully diluted 25% interest in Resource Development Group, Inc.

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

ParaFin Corporation

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