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Swordfish Financial, Inc. Announces Signing of Letter of Intent for New Equity - UPDATE

ROCKWALL, Texas, March 16, 2010 -- Swordfish Financial, Inc., a Minnesota corporation, announces the signing of a Letter of Intent for new equity.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Mar. 16, 2010 - Swordfish Financial, Inc. (SWRF) has entered into a Letter of Intent to exchange 623,950 shares of its common stock for 31,197,500 kilograms of Gold Bullion located in Union Bank of Switzerland (UBS).  SWRF has also agreed that it will designate a percentage, to be set forth in the final investment contract, of the proceeds achieved from the investment of the Gold Bullion to humanitarian based relief projects for countries in need.

Michael Alexander, Chief Executive Officer of Swordfish Financial, Inc. says that, “First, the numbers are not a mistake and as new information is released, everyone will be able to perform their own due diligence on the assets.  The addition of these new assets will allow SWRF to move forward with its previously announced business plan of increasing the Company’s shareholder value by establishing and investing  its assets in companies that have the mission of being eco-friendly and providing better standards of living for our world’s  people.”

Upon the successful completion of this investment transaction, Swordfish Financial will recognize the invested funds in its financial statements.

About Swordfish Financial, Inc.
Swordfish Financial, Inc.'s (SWRF) is a tightly held public company whose primary revenue source will come from the recovery and/or margin of orphaned and dormant assets of high net worth individuals and companies held in financial institutions around the world.
SWRF will use a portion of the funds generated by our asset recovery efforts to finance small and medium sized organizations by providing asset based funding against marketable "income producing and/or marginable" assets provided those companies meet our eco-friendly or humanitarian criteria. SWRF’s funding will enable these organizations to compete more effectively, improve operations and increase their shareholder value.

Forward Looking Statements
This Press Release is for informational purposes only and is not intended as a solicitation of funds, and contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995.

CONTACT:
Swordfish Financial, Inc.
Investor Relations
ir@swordfishfinancial.com

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Source:Swordfish Financial, Inc.
Fax:888-588-5212
Zip:75032
City/Town:Rockwall
State/Province:Texas
Country:United States
Industry:Finance, Research, Marketing
Tags:, swrf,
Shortcut:http://prlog.org/10578671
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