SOURCE: SW Innovative Holdings, Inc.

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November 06, 2015 12:00 ET

SW Innovative Holdings, Inc. Announces Another Disbursement; $8 Billion Federally Funded Program

HOUSTON, TX--(Marketwired - November 06, 2015) - SW Innovative Holdings, Inc. (OTC PINK: SWHI) today announces that it received its disbursement of money from the Federal Government for providing qualified individual's "lifeline" home telephone service. This is another milestone of the evolution of SW Innovative Holdings, Inc. into multi-million dollar annual revenue producing micro-cap public company.

Norman George President of SW Innovative Holdings, Inc. said, "According to a recent government study 47 million American's get some type of government subsidy. We all pay into a fund administered by Universal Service Fund a fee of $ 6.50 every month and every time we pay our monthly cellular telephone or residential landline telephone bill. This is a multi-billion dollars fund that SW Innovative Holdings, Inc. receives payments from for every qualified lifeline subscriber we provide local landline telephone service to each month!"

The Lifeline program is administered by the Universal Service Administrative Company (USAC). USAC is responsible for data collection and maintenance, support calculation, and disbursement for the low-income program. USAC's website provides information regarding administrative aspects of the low-income program, as well as program requirements.

Eligibility requirements vary from state to state. For more information on Lifeline and Link-Up, visit www.fcc.gov/cgb/consumerfacts/tribalfactsheet.html.

About SW Innovative Holdings

SW Innovative Holdings, Inc. is a holding company with the goal of acquiring controlling interests in profitable small businesses. Its existing operations sells prepaid, unlimited local (dial tone) telephone service to the residential market, primarily in greater Houston, Texas under its DBA, Everybody's Phone Company. The Company is fully licensed by the Texas Public Utility Commission to resell telephone services throughout the State [Service Provider Certificate of Operating Authority (SPCOA) No. 60785]. Once SWHI achieves critical mass in Texas, the Company plans to expand its prepaid telecommunications product offerings nationwide. For more information, visit www.everybodysphonecompany.com.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

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