Swordfish Financial, Inc. Holds a Special Meeting of Majority Shareholders
December 21 2012 - 9:56PM
Marketwired
Swordfish Financial, Inc. (OTCQB: SWRF), a Minnesota corporation,
announced this afternoon that a special meeting of shareholders was
held earlier today via teleconference pursuant to applicable state
law. Attending were a majority of shareholders holding a majority
of the voting stock in the company. The shareholders unanimously
voted to elect Clark Ortiz and Randy Moseley as new directors of
the company. In addition the shareholders voted to remove John
Berner as a director of the company, effectively immediately.
Immediately following the shareholders' meeting, a special
meeting of the Swordfish Board of Directors was held by a
prearranged teleconference. A quorum of directors voted to remove
John Berner as the chief executive officer. In his place, Clark
Ortiz was elected as chairman of the board of directors and was
voted to serve as the new president and chief executive officer of
the company. The board also voted to appoint Randy Moseley, CPA, as
the interim chief financial officer until a new CFO can be hired
and confirmed by the board at its next regular meeting in 2013.
The board determined that these changes in management were
necessary to promote prudent corporate governance and were in the
best interest of the shareholders of the company.
About Swordfish Financial, Inc.
Swordfish Financial, Inc. (SFI) is a publicly held diversified
financial asset recovery company formed to acquire dormant and
orphaned assets. SFI's main products will be to acquire and provide
funding for organizations in the currently underserved humanitarian
and eco-friendly markets. SFI provides economical and efficient use
of capital while providing a valuable opportunity of loans to and
or investment in small and medium sized organizations by providing
asset based funding against marketable "income producing and/or
marginable" assets. Our funding will enable our organizations to
compete more effectively, improve operations and increase
shareholder value.
Forward-Looking Statements:
This document contains forward-looking statements and
information as that term is defined in the Private Securities
Litigation Reform Act of 1995, and, therefore, is subject to
certain risks and uncertainties. There can be no assurance that the
actual results, business conditions, business developments, losses
and contingencies and local and foreign factors will not differ
materially from those suggested in the forward looking statements
as a result of various factors, including market conditions,
competition, advances in technology and other factors.
Contact: For Media and PR inquiries, please contact:
Keith Kimberlin Email Contact (972) 880-2223