FORT LAUDERDALE, Fla., Feb. 7, 2008 (PRIME NEWSWIRE) -- Secured Financial Network, Inc. (OTCBB:SFNL) announced today that it has completed the structuring of it various business units and is now positioned to become a leader in online and wireless merchant payment processing.
While we are excited about the sales progress so far in 2008, during the next several months there will be substantial sales and revenue activity created through the various divisions of Secured Financial Network, which include its RedFin Payment Gateway, Virtual Payment Solutions, and the anticipated completion, in late February, of its acquisition of AmeriNet and PayzNet.
Our current offering of products and services will be one of the most complete offerings in the payment processing industry offered through one company. We intend to become a leader in electronic and wireless payment processing, the fastest sector of transaction growth, with compliance and security being our highest priority.
Currently, we are growing our sales effort partnering with ISOs (Independent Sales Organizations), VARs (Value Added Resellers), and WSPs (Wireless Service Providers) to channel our wide spectrum of payment processing equipment and services to their already existing customer base. We will be exhibiting, for the first time, at the ETA (Electronic Transaction Annual Meeting/Show) mid April in Las Vegas.
"As President and CEO of Secured Financial Network, I am committed to advancing our revenue and profitability from our various business sectors to build strong sustainable shareholder value. We are on track to build annual revenues at a run rate in excess of $6 million for 2008."
About Secured Financial Network
Secured Financial Network, Inc. is a Ft. Lauderdale, Florida-based Company that looks to create growth, add to profitability, and build shareholder value by engaging in a full-spectrum processing for e-commerce and traditional transactions through a PCI Certified Payment Gateway and proprietary 'bank-grade' electronic-vault based payment-processing system through its exclusive Envoii Deployment License Agreement.
Forward-Looking Statements
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.
INVESTOR INQUIRIES can be directed to the Company's website, http://www.sfnl.net.
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