PFNO ParaFin Corporation New (CE)

PALM SPRINGS, CA : On July 17TH, 2008, Mr. Francisco A. S�ez, Asset Manager of ParaFin and the Board of Directors has made the decision to divest ParaFin of non hydrocarbon assets. ParaFin announces the sale of its PC-E (Personal Computer Environment) ergonomic Work Station, the PC-E Internet Web sites, e-Mail addresses, intellectual properties and all development concepts to METARUNNER INC. for US$6,000,000.00 and a (5%) five percent royalty. Metarunner owns an internet web browser (www.metarunner.com ) and considers this a great addition to its business. The US$6,000,000 is to be paid by the issuance of US$6,000,000 Series "A" Redeemable Retractable Preferred Shares of the Purchaser to ParaFin, and, as part of the purchase price, the Purchaser agrees to pay ParaFin a 5% royalty from all sales of the said Work Stations. The Preferred shares are to be secured only by all Patents, Patents Pending, internet web sites and e-Mail addresses, intellectual properties and all development concepts owned by the Corporation and the Preferred shares shall be redeemed by the Purchaser from 90% of net cash flow from the sale of the said work Stations. Once the Preferred shares have been redeemed, the Purchaser shall continue to pay the 5% Royalty to the Corporation.

After a careful review by Mr. S�ez, and the Board of Directors, ParaFin has accepted the cancellation by Rauchless of the Agreement with Rauchless Inc. for the North American distribution rights to the smokeless cigarette. The transaction was canceled in writing by e-Mail by Rauchless on April 2, 2008 and accepted by ParaFin pursuant to the terms of the Agreement.

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 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.

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

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