Business & Finance
Business and Finance
Business and Finance
Fri, January 30, 2009
Thu, January 29, 2009 OTC Financial Network Issues Corporate Facts Report on Secured Financial Network
POMPANO BEACH, Fla.--([ BUSINESS WIRE ])--Secured Financial Network, Inc. (OTCBB:SFNL) announced today that OTC Financial Network (OTCFN), a division of National Financial Communications Corp. (NFC), has issued a Corporate Facts report on the Company. The OTCFN Report highlights Secured Financial Network's wholly owned subsidiary, Virtual Payment Solutions, Inc. (VPS), as a fast-growing provider of traditional, e-commerce and wireless payment gateway solutions. The Report discusses VPS' current business operations, target markets, industry partnerships and strategies for future growth. Interested parties can download the report at [ http://www.otcfn.com/sfnl/sfnl-report.pdf ] or call Jamie Dryer at 561-837-8057 ext. 2 for more information.
Publisher of the OTCFN Report, Geoffrey Eiten, said, "Secured Financial Network, through VPS, is emerging as a market leader of secure payment processing and services to Internet-based POS retailers and Wireless POS terminal merchants nationwide. Through VPS, the Company generates revenues on a monthly and per transaction basis from several sources, including payment processing transactions; credit/debit cards; check verification; and ACH/Check 21 that pass through its Red Fin Network, a PCI (Payment Card Industry) compliant and secure Payment Gateway. In addition, VPS distributes products and services from industry partners, including a complete wireless product line from a major Chinese based manufacturer, Blue Bamboo."
"VPS' efforts to increase its market share among retail merchants and financial organizations throughout North America are beginning to pay off. VPS works with over 30 active ISO's/Resellers nationwide and 3 deployment partners. These and other agreements are projected to generate total revenues of over $5 million by year-end 2009, according to the management estimates," concluded Eiten.
About Secured Financial Network
Secured Financial Network, Inc. is a Pompano Beach, Florida-based provider of a full-spectrum of processing for e-commerce and traditional business transactions through a PCI/CISP Compliant Payment Gateway called the RedFin Network. Through Virtual Payment Solutions, Inc. (VPS) ([ http://www.virtualpaymentsolutions.com ]), RedFin is integrated with all major bank acquiring processors and retail transaction terminals throughout the United States. VPS is the primary North American distributor for a complete line of wireless payment terminals offered by Blue Bamboo USA, a Shera International Ltd. Company. In addition, VPS has an agreement to resell AT&T and T-Mobile data plans used to transmit wireless transactions.
About OTC Financial Network (OTCFN)
Since its inception in 1992, OTCFN has carved its niche as the nation's leading investor relations and financial communications firm specializing in small/micro-cap companies. OTCFN is a wholly owned division of National Financial Communications Corp. ([ www.nationalfc.com ]) based in Needham, MA. To learn more about OTCFN, please visit [ http://www.otcfn.com. ]
OTC Financial Network serves as special advisor to Secured Financial Network, Inc. and has received fees for services, including a monthly retainer fee of five thousand dollars, and an option to purchase two million shares of stock at an exercise price of five cents, plus expenses, for the creation, marketing and distribution of materials, including the Corporate Facts report. Officers, directors, and employees of OTCFN or NFC and anyone mentioned in this report and members of their families, may hold a position and may, from time to time, trade in these securities for their own accounts including when the Corporate Facts report, or other material, is distributed. Specific information in this regard will be furnished upon request. This is not an offer to buy or sell securities. Information or opinions in this release and the Corporate Facts report are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. For a full disclaimer, visit [ http://www.otcfn.com/sfnl/disclaimer.html ].
This press release contains statements, which may constitute ''forward-looking statements'' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Secured Financial Network, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
