SOURCE: Swordfish Financial, Inc.

June 20, 2011 18:15 ET

Swordfish Financial, Inc. Securing Assets of Legitimate, Non-United States Citizens Seized Under the Patriot Act

Company Stepping Up Efforts to Free Up Bank Accounts Shut Down Without Notice by U.S. Banks

ROCKWALL, TX--(Marketwire - Jun 20, 2011) - Swordfish Financial, Inc. (PINKSHEETS: SWRFD) (OTCQB: SWRFD), a diversified financial asset recovery company that acquires orphaned assets of high net worth individuals and companies to originate and source funding for humanitarian and corporate transactions, today said it has stepped up its efforts to secure assets of legitimate, non-U.S. citizens that were seized under the USA Patriot Act, commonly known as the Patriot Act.

According to Swordfish President, Michael Alexander, while the Patriot Act was passed by Congress in October 2001 to thwart, among other things, money laundering by terrorists, many legitimate non-U.S. citizens who held cash accounts in various U.S. banks suddenly found them cut off from their banks and their money.

"In many cases the banks simply elected to shut off all electronic access, stopped sending monthly statements and moved the accounts to an inactive status," said Alexander. "This was done without any prior notice to account holders and in some cases without any legitimate reason. We've stepped up our efforts to negotiate the release of those accounts that we deem are in no way associated with terrorist activities."

According to Alexander when the accounts are secured a portion of the assets will be maintained by Swordfish and some will go back to the Peace Through Water (PTW) Foundation.

"PTW was formed to provide clean water and food projects with the primary means for project funding through asset recovery," said Alexander. "The founder and president of PTW, Jeff Thompson, had previous experience in locating and recovering assets. These assets varied in scope and included cash, gold and sensitive documents."

Alexander indicated that a mutual friend of his and Jeff Thompson introduced the two believing that by combining their abilities, contacts and efforts, they might be able to assist each other in their respective recovery efforts. This meeting resulted in an immediate working relationship between the two entities.

PTW has several assets that have been legally donated to them by the legal owners of the assets. PTW has contracted with SWRF to support and assist with the recovery efforts of the specific contracted assets.

"Over the last year and a half, Jeff and I have traveled to Germany, Switzerland, Hong Kong, Mexico and Indonesia locating, confirming and obtaining assets," added Alexander. "We've met with numerous banks currently holding assets owned by PTW. These banks include HSBC, UBS, Credit Suisse, and Tokyo Mitsubishi."

Alexander said Swordfish's fees for securing the release of assets is traditionally 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 acquire orphaned assets of high net worth individuals, companies and to originate, fund, source funding for humanitarian and corporate transactions. SFI's main products 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 of loans to and or investment in small and medium sized organizations by providing 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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