SOURCE: Swordfish Financial, Inc.

January 18, 2011 16:32 ET

Recovery of Assets by Swordfish Financial, Inc. to Result in Multi-Billion Dollar Global Water/Food Projects

ROCKWALL, TX--(Marketwire - January 18, 2011) - Swordfish Financial, Inc. (PINKSHEETS: SWRF), a Minnesota Corporation, announces the following next steps in the recovery of assets.

In the 4th quarter of 2010, Swordfish Financial, Inc. (SWRF) has been aggressively working to assist the Peace through Water Foundation (PTW) to effect the recovery and subsequent release of multiple types of assets donated to PTW for the purpose of developing and financing global food and water projects.

In late November 2010, representatives of SWRF and PTW met with one of the major donors and were able to physically review and inspect several of the assets. These assets included gold, gems stones, currencies and various banking instruments. Samples of several of these assets were brought back by SWRF for authentication and confirmation.

Since the New Year, SWRF and PTW have been working with the donators of these assets to transport and secure these assets into a private safekeeping facility. SWRF, in association with an international auditing firm, are returning to Asia after the China New Year holiday and will take a comprehensive physical, photo and video inventory of each these assets to obtain a current market value. Management is currently vetting various International financial institutions to determine the best location for depositing these assets to support their humanitarian efforts.

SWRF and PTW will take a comprehensive physical, photo and video inventory of each these assets. The next step will be to begin the process of depositing these assets into appropriate banking facilities worldwide in the names of SWRF and PTW. Our goal is to have a portion of these assets audited as soon as possible by our independent auditors. Knowing that it will take some time to get all of these assets inventoried, deposited and audited, we hope to have a significant portion completed and included on our March 31, 2011 quarterly financial statements.

Upon SWRF's return to the United States SWRF intends to make application to the American Stock Exchange (AMEX).

For video of pictures taken during SWRF's last trip please go to: http://www.swordfishfinancial.com/SWRFHKv5.wmv

About Swordfish Financial, Inc.
Swordfish Financial, Inc. is located in Rockwall, Texas and is a Financial Asset recovery and diversified Holdings Corporation, which was formed to locate, recover, originate, fund and source fund for asset-based transactions in the private market. Our funding will enable our businesses to compete more effectively, improve operations and increase shareholder value. Swordfish Financial, Inc. is headquartered in Rockwall, TX, a suburb of Dallas. For more information, please visit us at http://www.swordfishfinancial.com.

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.

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