SOUTHLAKE, Texas, April 10, 2014 /PRNewswire/ -- Swordfish
Financial, Inc., (OTCQB: SWRF) a Minnesota Corporation, publicly
held diversified financial company designed to acquire
undercapitalised assets with a high level of profitability in the
digital entertainment, commodities, Smart technology and clean
industries today announced that it has retained the services of
Securities Compliance Group Ltd. in Chicago, Illinois to create a 144A bond for
Public Companies. that will be sold to QIBs (qualified
institutional buyers). The bond will be sold by several broker
dealers globally and will be used in the implementation of the
company's future growth and acquisitions.
The bond will carry a 7.5% annual coupon rate with a 10 year
maturity. Rule 144A Securities Act of 1933 provides a Safe
Harbor from the registration requirements of the Securities Act of
1933 for certain private transactions of minimum $500,000 units of restricted securities to QIBs
(qualified institutional buyers), which generally are large
institutional investors that own at least $100 million in investable assets.
Securities Compliance Group is a leading provider of legal
services, compliance and capital markets consulting to micro, small
to mid-sized private and public entities. Comprised of skilled,
experienced attorneys, capital markets consultants and investor
relations professionals, SCG Ltd., has been instrumental in
successful capital raises in various industries.
"We're delighted to be working with Securities Compliance Group,
who have demonstrated their professionalism and experience in this
area of investment activity. This form of financing is particularly
attractive for us as it moves away from stock based investment, to
a debt instrument and as such is 'non-dilutive' for existing
shareholders in the company. The funds raised will be used to
expand our existing business including the development of next
generation technology, and to roll out our programs. It will also
support our acquisition strategy which will see us consolidate in
several profitable business sectors," stated Mr. Clark Ortiz, CEO of Swordfish Financial,
Inc.
About Swordfish Financial, Inc.
Swordfish Financial, Inc. (SFI) is a publicly held diversified
financial company designed to acquire undercapitalised assets with
a high level of profitability in the digital, entertainment, Smart
and clean technology industries. SFI strives to capitalize while
providing valuable opportunity of loans and or investment in, small
and medium sized organizations with the goal of increasing investor
value.
Forward-Looking Statements:
Contained forward-looking statements about management's view of
SFI's future expectations, plans and prospects. Statements made are
forward-looking which involve known and unknown risks,
uncertainties and other factors, which may cause the results of SFI
to be materially different than those expressed or implied in such
statements. These risk factors and others are included from time to
time in documents SFI files with the Securities and Exchange
Commission, including but not limited to, its Form 10-Ks, Form
10-Qs and Form 8-Ks. SFI cannot guarantee future results, levels of
activity, performance or achievements. Accordingly, you should not
place undue reliance on these statements. Finally, SFI undertakes
no obligation to update these statements after the date of this
release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by SFI. For more information visit
www.SwordfishFinancial.com
Contact:
Contact Information: Clark Ortiz
Phone number: 817-845-6244
Email: Clark.Ortiz@SwordfishFinancial.com
SOURCE Swordfish Financial, Inc.