Swordfish Goes Hollywood
HOLLYWOOD, CA, Dec 17, 2012 (MARKETWIRE via COMTEX) --
Swordfish Financial, Inc. (OTCQB: SWRF) announced today that the
Company has appointed John Berner, a long-time Wall Street hedge fund
manager and Entertainment M&A specialist, as CEO, to spearhead the
Company's move into the lucrative movie, music and media industries.
The Company's primary focus will be to acquire undervalued assets in
the entertainment industry while creating a 1950s style movie studio
through vertical integration.
"I am extremely excited to be joining Swordfish and welcome the
opportunity to develop this Company into a major player in the
entertainment industry," stated Mr. Berner. "The downturn in the
economy has hit the entertainment business particularly hard,
creating an enormous opportunity to acquire valuable entertainment
assets at below market prices. Our plan is to rebuild the old-style
Hollywood studio business plan through the acquisition of movie
production, distribution, film libraries and finance companies. We
are currently involved in negotiations with several companies and
plan to announce definitive agreements in the immediate future."
In other news, Swordfish announced the resignations of Michael
Alexander and Randy Moseley and that the Company has terminated the
Letter of Intent with ESMG, Inc. "On behalf of all Shareholders, I
would like to thank Mike and Randy for their stewardship through
these difficult times and wish them nothing but the best in the
future," stated Mr. Berner. "They have been instrumental in the
restructuring of this Company and have left all of us with the
opportunity to rebuild Swordfish into a major financial player in
Hollywood. Our goal is to build up revenue and assets and to reapply
for listing on the NASDAQ market in the very near future."
About Swordfish Financial:
Swordfish Financial, Inc. is an
Entertainment Holding company specializing in the financing of film,
music and internet media.
Disclaimer: The Company relies upon the
Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases.
Statements, which are not historical facts, are forward-looking
statements. The company, through its management, makes
forward-looking public statements concerning its expected future
operations, performance and other developments. Such forward-looking
statements are necessarily estimates reflecting the company's best
judgment based upon current information and involve a number of risks
and uncertainties, and there can be no assurance that other factors
will not affect the accuracy of such forward-looking statements. It
is impossible to identify all such factors. Factors which could cause
actual results to differ materially from those estimated by the
company include, but are not limited to, government regulation;
managing and maintaining growth; the effect of adverse publicity;
litigation; competition; and other factors which may be identified
from time to time in the company's public announcements.
For Media and PR inquiries, please contact:
(972) 880 - 2223
SOURCE: Swordfish Financial, Inc.
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