Swordfish Financial, Inc. To Issue 10 Year Bond
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.
Source: PR Newswire (April 10, 2014 - 11:09 AM EDT)
News by QuoteMedia
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.
Source: PR Newswire (April 10, 2014 - 11:09 AM EDT)
News by QuoteMedia
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
