SOURCE: Swordfish Financial, Inc.

March 31, 2011 08:00 ET

Swordfish Financial, Inc. Announces It's Another Step Closer to Securing Contents of Private Vault in Zurich, Switzerland

Company Reports That a Meeting With the Bank is Expected Within the Next Two Weeks

ROCKWALL, TX--(Marketwire - March 31, 2011) - Swordfish Financial, Inc. (OTCQB: SWRF) (PINKSHEETS: SWRF), a diversified financial asset recovery company that acquires orphaned assets of high net worth individuals and companies to originate and provide source funding for humanitarian and corporate transactions, today announced that it has moved a step closer to securing contents of a private vault in Zurich, Switzerland. 

The bulk of the contents of the vault have been legally donated to the Peace Through Water Foundation (PTW) which has engaged Swordfish Financial to assist in securing the assets. Swordfish President Michael Alexander said the bank has cleared several procedures and the Company will be allowed to access the vault and remove the assets.
"We just received word that we will be allowed to access the vault and remove the contents within the next two weeks," said Alexander. "This comes after several months of investigation, fact gathering and negotiation. We will be attending that final meeting with the bank along with representatives of PTW."

According to Alexander, the donor reports the contents of the private vault to include gold, silver, USD, EURO, bonds, assorted works of art and gem stones.

"According to the donation agreement, the contents should exceed $25,000,000 in value," Alexander said.

Alexander said, "Swordfish's fees for securing the release of this vault is no less than 25 percent of the total value recovered."

About Swordfish Financial, Inc.
Swordfish Financial, Inc. (SFI) is a publicly held diversified financial asset recovery company formed to assist organizations such as PTW in the acquisition of orphaned assets of high net worth individuals and companies which will provide funding for humanitarian and corporate transactions. SFI's main business purpose 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 for loans and investment in small and medium sized organizations through 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.

About Peace Through Water
Peace Through Water is an international partnership of Christians whose mission is dedicated to working with children, families and communities to overcome poverty and oppression in remote areas of the world.

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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