SOURCE: Swordfish Financial, Inc.

February 23, 2011 07:15 ET

Swordfish Financial, Inc. Update: Recent Recovery Efforts

ROCKWALL, TX--(Marketwire - February 23, 2011) - Swordfish Financial, Inc. (PINKSHEETS: SWRF), a Minnesota Corporation, announces recent progress in the recovery of assets.

After several months of investigation and fact gathering, SWRF has assembled the evidence needed to prove the existence and ownership of a private vault located within a Swiss bank. The owner of this vault has donated the bulk of the contents to be used to further the humanitarian relief efforts of Peace Through Water Foundation.

The donor of these assets has agreed to travel with SWRF president Michael Alexander to Switzerland to be on site and available to ensure that the holding bank cooperates fully.

The donor reports the contents of the private vault to include Gold, Silver, USD/Euro bonds, assorted works of art and gem stones. The value of the contents of the private vault is estimated to be in excess of $100,000,000. SWRF's fees for securing the release of this vault is no less than 25% of the total value recovered.

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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