SOUTHLAKE, TX--(Marketwire - Jan 9, 2013) - Mr. Clark Ortiz, President & CEO of Swordfish Financial, Inc. (OTCQB: SWRF), a Minnesota corporation focused on the developing strategic investment opportunities, held a C-Level meeting to discuss and engage a team to organize and implement the iPoint Television, LLC acquisition.
iPoint Television is a full service IPTV media entertainment company designed to supply the growing demand of the basic Cable subscriber. Cable subscriptions are on a decline year-by-year since 2006 according to the National Cable Television Association website: http://www.ncta.com/Stats/BasicCableSubscribers.aspx. iPoint is designed to fill the demand of the intelligent digital home entertainment by providing high quality HD video streams, VOD, PPV and the entire Android Play APP market on Smart Devices.
"Pending the financial audit of iPoint Television, LLC., acquisition terms would be announce combined with its asset value and terms of agreement," said Mr. Toussaint, CFO.
A full valuation of iPoint TV's global organization held in the USA, UK and Asia are of interest.
Preceding the meeting, CEO Clark Ortiz departed to attend the Consumer Electronic Show 2013 conference held annually in Las Vegas. Hourly posts and videos are available on Swordfish website.
About Swordfish Financial, Inc.
Swordfish Financial, Inc. (SFI) is a publicly held diversified financial company designed to acquire under capitalized assets with high level of profitability. SFI's main products are to acquire and provide funding for organizations in the current digital, entertainment and Smart technology. 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 increasing Investors' 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.