Virtual Payment Solutions/RedFin Network To Power Blackstone Merchant Services Online Payment Portal

Published in Business and Finance on Thursday, February 19th 2009 at 10:09 GMT, Last Modified on 2009-02-19 10:10:31 by Market Wire
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POMPANO BEACH, Fla.--([ BUSINESS WIRE ])--Secured Financial Network, Inc.'s (OTCBB:SFNL) Jeffrey Schultz CEO, announced today that its wholly owned subsidiary Virtual Payment Solutions has entered into an Agreement to allow Blackstone Merchant Services, Inc., of Miami, to power its payment portal for all online transactions through the branding of its RedFin Network, a PCI/DDS compliant payment gateway.

Janet Sancho, Blackstone's Senior Vice President stated, "the integration of our online portal powered by the RedFin Network will allow distributors and merchants the ability to process their online payments in a secure environment. It will allow us to offer other value added services to our merchants at bundled service pricing."

"We are very excited to add Blackstone, a world leader in pre-paid telecommunications and merchant services to our growing client base. Their distribution base of over 10,000 point-of-sale locations will add to our revenue base in 2009," Schultz stated.

About Secured Financial Network

Secured Financial Network, Inc. offers a full spectrum of secure and reliable processing for e-commerce, mobile and traditional business transactions. Through its wholly owned subsidiary Virtual Payment Solutions ([ www.virtualpaymentsolutions.com ]), the Company provides reliable and robust solutions to e-Commerce and mobile commerce using a proprietary Internet Payment Gateway known as the "RedFin Network," ([ https://secure.redfinnet.com ]). RedFin is CISP and PCI/DDS compliant. For more information on the Company, visit [ http://www.sfnl.net ]. Investor should visit [ http://www.otcfn.com/sfnl ].

About Blackstone

Established and headquartered in Miami, Florida since 1994, Blackstone is privately owned and managed by a team of executives experienced in payments processing, networking information services, retail marketing and telecommunications. Under their direction, Blackstone has established ongoing relationships with internationally recognized companies such as Americatel, AT&T Wireless, First Data Corporation, IDT, Ingenico, IPP of America, T-Mobile and Tracfone.

Today, Blackstone provides innovative solutions to local, national and international companies seeking to maximize their full potential – from calling cards, POS terminals, merchant processing, vending machines to Touch-n-Buy prepaid kiosks. Blackstone offers a complete array of services through new technologies and strategic alliances around the world.

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.

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