SOURCE: Swordfish Financial, Inc.

February 09, 2011 08:00 ET

Swordfish Financial, Inc. Recovered Assets Placed on Deposit -- Inquiries to Be Made Into USA/China International Agreement Documents

ROCKWALL, TX--(Marketwire - February 9, 2011) - Swordfish Financial, Inc. (PINKSHEETS: SWRF), a Minnesota Corporation, announces recent progress in the recovery of assets.

SWRF representatives have returned from their SE Asia trip to report that the first set of assets recovered as a result of the November recovery efforts have been placed on deposit and await clearance by the bank's compliance department. The final due diligence/bank compliance report detailing the current actual value of the assets is in development and is estimated to be completed soon.

SWRF personnel will begin the first of next week to make contact with the appropriate US governmental agencies as identified in the original International Agreement between the United States Government and the Chinese Government detailing a vast network of cash and precious metal deposit in an attempt to begin negotiations for the release and or use of the accounts listed therein and legally donated to PTW to be used to provide relief assistance to the people of the world.

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 and provide a source of funds 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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