Swordfish Financial, Inc. Holds a Special Meeting of Majority Shareholders
ROCKWALL, TX, Dec 21, 2012 (MARKETWIRE via COMTEX) --
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.
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.
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SOURCE: Swordfish Financial, Inc.
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