SOURCE: Swordfish Financial, Inc.

May 23, 2011 08:00 ET

Swordfish Financial, Inc. Announces Special Shareholders Meeting

ROCKWALL, TX--(Marketwire - May 23, 2011) - Swordfish Financial, Inc. (OTCQB: SWRF) (PINKSHEETS: SWRF), a diversified financial asset recovery company, today announced that it filed a Definitive 14A statement with the SEC on May 20, 2011 announcing a special shareholders meeting on June 1, 2011 to be held at 507 Main Street, Lake Dallas, Texas 75065, on June 1, 2011, at 10:00 a.m., Central time, for the following purposes;

1. To consider and act upon a proposal to approve an amendment to the Articles of Incorporation of the Company to effect an increase in the authorized number of shares of the common stock of the Company from 25,000,000 to 1,000,000,000;

2. To consider and act upon a proposal to approve an amendment to the Articles of Incorporation of the Company to effect the authorization of the issuance of up to 50,000,000 shares of blank check preferred stock;

3. To consider and act upon a proposal to approve an amendment to the Articles of Incorporation of the Company to effect a decrease in the par value of the Company's common stock, from $0.16 to $0.0001;

4. To consider and act upon a proposal to approve an amendment to the Articles of Incorporation of the Company to effect a ten-to-one forward split of the Company's common stock; and

5. To act on such other matters as may properly come before the meeting or any adjournment or adjournments thereof.

The Board of Directors has fixed the close of business on April 19, 2011 as the record date for the meeting and only holders of shares of record at that time will be entitled to notice of and to vote at the Special Meeting of Shareholders or any adjournment or adjournments thereof.

However shareholders as of close of market hours June 1, 2011 will participate in the 10-1 forward split.

About Swordfish Financial, Inc.

Swordfish Financial, Inc. (SFI) is a publicly held diversified financial asset recovery company formed to assist organizations such as Peace Through Water 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.

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.

Contact Information

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