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Secured Financial Network Announces Initial Revenue Streams From Its Branded Online Mall
Last Update: 11:44 AM ET Jun 20, 2007
FORT LAUDERDALE, Fla., Jun 20, 2007 (*********wire via COMTEX) -- Secured Financial Network, Inc. (SFNL : secured finl network inc com News , chart , profile , more Last: 0.04-0.02-33.33%
10:32am 06/20/2007
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: SFNL0.04, -0.02, -33.3%) announced today that the Company's 'tie-in' branded online mall, gaming arcade and casino, The All In Mall ( http://www.theallinmall.com), has generated revenues in its first two weeks since opening, long before the domestic theatrical major studio release of the highly anticipated upcoming motion picture drama, "All In", to which it is tied. In the first two weeks since the mall has been open for business, the e-commerce site generated $20,880 in total revenues with a 36% gross profit margin. Secured Financial President and CEO, Jeff Schultz, commented, "We are upbeat about the results generated by the first two weeks of operation, particularly since the major marketing push tied to the theatrical release of the feature film 'All In' has not yet occurred. That has obviously not detracted from our ability to initiate viral and affinity marketing activities to begin the flow of traffic to the site. We believe that as we add additional products, services and addition of Game Arcade and Gaming Casino in the next several weeks, we will significantly increase traffic and revenues." He continued, "With the All In Mall site now being live we are receiving inquiries every day from potential affiliates that will drive additional traffic to the mall and increase revenue streams." About Secured Financial Network Secured Financial Network, Inc. is a Ft. Lauderdale, Florida-based Company engaged in a full-spectrum of e-commerce transactions through a proprietary 'bank-grade' electronic vault-based payment-processing system through its exclusive Envoii Deployment License Agreement. SFNL looks for business opportunities in which Company participation will create growth, add to profitability, and build shareholder value. 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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Secured Financial Network to Build-Out Certified Payment Gateway
Last Update: 10:58 AM ET Jun 27, 2007
FORT LAUDERDALE, Fla., Jun 27, 2007 (*********wire via COMTEX) -- Secured Financial Network, Inc. (SFNL : secured finl network inc com News , chart , profile , more Last: 0.040.00-12.50%
8:11pm 06/26/2007
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: SFNL0.04, 0.00, -12.5%) announced today the build-out of its Payment Gateway for use to perform PCI-CISP compliant level 1, 2, and 3 electronic payment processing by way of retail Point-Of-Sale terminals, virtual terminals, interactive voice response (IVR), e-commerce and mobile commerce (WAP) such as Java or Windows Mobile Wireless technology using wireless PDA's and Phones. The Cardholder Information Security Program (CISP) is a set of rules established by Visa(tm) for securing your computer systems and data from unauthorized access and loss of credit card information. The Payment Card Industry (PCI) data security standard is an industry-wide standard that incorporates many of the CISP standards and adds additional requirements. These are now generally referred to as the PCI data security standard or the PCI-CISP data security standard. Mastercard, American Express, Discover, and other card issuers use the new PCI standard as a part of their data security programs. Secured Financials President and CEO, Jeffrey Schultz, commented, "We are very excited that our Payment Gateway build-out is moving towards completion and scheduled to be operating by July 30, 2007. Our technology team has worked diligently to assure Secured Financials Payment Gateway launch, connecting Merchants with Processors and acquiring Banks both here in the United States and Internationally." He continued, "This will allow the Company to provide merchant groups and ISO (Independent Sales Organizations) with a total turn-key package offering credit, debit, and gift card processing, ACH processing, check guarantee/check verification, bill payment, as well as host of other point-of-sale products and services with through traditional terminals and Wi-Fi Connectivity." The Secured Financial Network Payment Gateway will be certified by all major processors, such as Concorde, First Data, Chase/Paymentech in addition to numerous others. About Secured Financial Network Secured Financial Network, Inc. is a Ft. Lauderdale, Florida-based Company engaged in a full-spectrum of e-commerce transactions through a proprietary 'bank-grade' electronic-vault based payment-processing system through its exclusive Envoii Deployment License Agreement. SFNL looks for business opportunities in which Company participation will create growth, add to profitability, and build shareholder value. 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, or investors can contact: This news release was distributed by *********wire, www.*********wire.com SOURCE: Secured Financial Network, Inc.
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Secured Financial Network Signs Letter of Intent With EFT Services, Inc.
Last Update: 7:01 AM ET Jul 10, 2007
FORT LAUDERDALE, Fla., Jul 10, 2007 (*********wire via COMTEX) -- Secured Financial Network, Inc. (SFNL : secured finl network inc com News , chart , profile , more Last: 0.030.00-3.85%
8:13pm 07/09/2007
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: SFNL0.03, 0.00, -3.8%) announced today that it has signed a Letter of Intent with Doral, Florida-based EFT Services, Inc. to purchase certain of that Company's strategic assets. Additionally, Secured Financial Network will acquire a number of established customer contracts from EFT Services including Tafacil, Inc. ( www.tafacil.com), Cyphermint, Inc. ( www.cyphermint.com) and others. Jeffrey Schultz, President/CEO of Secured Financial Network, stated, "These contracts and relationships will open possible access to over 11,000 retail, money transfer, and bill payment locations throughout the USA for integration of our Payment Gateway and a host of other financial payment services. In addition we will utilize EFT Services international senior level relationships, in the private and public sector of Mexico, Central America, and the Caribbean to implement an electronic funds transfer program that allows an individual remitting monies to one of those regions to be able to direct payment of home mortgage, bills, or to their family through a proprietary POS Money Transfer Program." He continued, "EFT Services is working closely with the federal housing authority of the Mexican Government to develop a web portal that will make it possible for a Mexican resident working in the USA to qualify, purchase, and pay for a mortgage anywhere in Mexico. The transaction is expected to close within 30 days." Renee Ferrer, Jr., President and CEO of EFT Services, Inc., stated, "We are very excited to team up with Secured Financial Network and believe together we can be a major player in providing domestic and international payment services to those working in the USA needing a cost effective solution to pay bills and transfer money back home by pooling our technical assets and relationships." About Secured Financial Network Secured Financial Network, Inc. is a Ft. Lauderdale, Florida-based Company engaged in a full-spectrum of e-commerce transactions through a proprietary 'bank-grade' electronic-vault based payment-processing system through its exclusive Envoii Deployment License Agreement. SFNL looks for business opportunities in which Company participation will create growth, add to profitability, and build shareholder value.
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Secured Financial Announces Completion and Launch of Proprietary Network Payment Gateway
FORT LAUDERDALE, Fla., Sep 26, 2007 (*********wire via COMTEX) -- Secured Financial Network, Inc. (OTCBB:SFNL) announced today that the Company has completed the build-out and official launch of its proprietary Payment Gateway, which going forward will be marketed to both online and offline merchants under the "The RedFin Network" brand name. The completed proprietary Payment Gateway will now perform PCI-CISP compliant level 1, 2, and 3 electronic payment processing for merchant clients by way of retail Point-Of-Sale terminals, virtual terminals, interactive voice response (IVR), e-commerce and mobile commerce (WAP) via wireless PDAs and phones operating on Java or Windows Mobile Wireless technology. Initially the newly operational Payment Gateway will integrate, connect and service several large Internet and bricks-and-mortar merchants who are looking to use the RedFin Network Payment Gateway exclusively for their e-commerce/customer transactions, however the Company anticipates that it will be able to significantly expand the size and scope of this merchant client base in the coming months. While the Payment Gateway is currently integrated with processors such as Vital, First Data Omaha, and Fast Check/Cyclone, and it is anticipated that the Payment Gateway will be certified, over the next 30 to 60 days, by all major processors, such as Concorde, all First Data platforms, Chase/Paymentech (NYSE:JPM) and numerous others.
Secured Financials President and CEO, Jeffrey Schultz, commented, "We are delighted to be ready and capable of processing transactions through our newly-completed proprietary Payment Gateway and are excited to service the handful of merchants who have chosen to utilize The RedFin Network for their processing needs. Our goal is to be processing a minimum of 10 million payment transactions per month within 6 months, through a nationwide network of merchant agents and bank processors. We also intend to integrate additional value added proprietary offerings to the RedFin Network over the next several months, which include real-time Bill Payment and International Money Transfer services."
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 of e-commerce 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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Secured Financial Network's Virtual Payment Solutions Unit Signs Sales Agreement With iPayment, Inc.
FORT LAUDERDALE, Fla., Oct 3, 2007 (*********wire via COMTEX) -- Secured Financial Network, Inc. (OTCBB:SFNL) announced today that the Company's Virtual Payment Solutions (VPS) business unit has signed a non-exclusive sales agreement with iPayment, Inc., a registered Independent Sales Organization (ISO) with VISA, USA(tm) and a registered Member Service Provider with MasterCard International(tm) to solicit online and offline merchants to use iPayment's credit/debit card processing in addition to a host of other merchant processing services. Secured Financials President and CEO, Jeffrey Schultz, commented, "The signing of this merchant services agreement is the first of many that will allow Secured Financial, through its VPS division, to offer a powerful vertically-integrated merchant services platform, providing a wide spectrum of value added services to merchants, with integration to our PCI certified RedFin Payment Gateway. We are thrilled to be able to align Secured Financial with such a reputable industry provider like iPayment and look forward to a very long term successful relationship with them."
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 of e-commerce transactions through a PCI Certified Payment Gateway and proprietary 'bank-grade' electronic-vault based payment-processing system through its exclusive Envoii Deployment License Agreement.
About iPayment, Inc.
iPayment, Inc. is a provider of credit and debit card-based payment processing services to approximately 140,000 merchants across the United States. iPayment's payment processing services enable merchants to process both traditional card-present, or "swipe," transactions, as well as card-not-present transactions, including transactions over the internet or by mail, fax or telephone. www.ipaymentinc.com
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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Secured Financial Signs Letter of Intent to Acquire Two Payment Processors
FORT LAUDERDALE, Fla., Oct 9, 2007 (*********wire via COMTEX) -- Secured Financial Network, Inc. (OTCBB:SFNL) announced today that it has entered into a Letter of Intent to purchase a majority of the issued and outstanding capital stock of both AmeriNet, LLC (www.debit-it.com) and PayzNet, LLC (www.payznet.com). These companies offer a suite of alternative payment processing services and a variety of payment products. Combined, these companies currently process in excess of $20 million in transactions per month, or more than $240 million per year. The products and services provided by both AmeriNet and PayzNet will allow Secured Financial Network, Inc. easy integration with a broad range of flexibility, for Banks, Merchants, and their Customers worldwide. Secured Financials President and CEO, Jeffrey Schultz, commented, "The signing of this LOI and its closing will add very specific processing technology to enhance and compliment our PCI Certified RedFin Network Payment Gateway and allow our Virtual Payment Solutions division the ability to market to brick and mortar merchants and Internet merchants the most complete package of processing and payment services offered under one umbrella." He continued, "We eagerly anticipate completing this acquisition before the end of the 2007 fiscal year."
About AmeriNet
AmeriNet offers a suite of alternative payment processing services. The emphasis is on total management of the payment process, including the errors and exceptions generated by the banking system and other vendors. Simply put, the merchant transmits the payment to AmeriNet, we translate, repair or reject it, process it, track it and provide reporting and settlement to the merchant, and notification to the fulfillment center that the order is paid and ready for shipment. Our specialty is Electronic Check processing, commonly known as eChecks.
AmeriNet's eCheck Service utilizes the Automated Clearing House (ACH) to facilitate electronic funds transfers (EFT) between consumers and merchants. The ACH network permits debit or credit transactions from virtually any U.S. bank account. In addition to the terms of AmeriNet's agreement with the merchant, the ACH system and all transactions facilitated through it are governed by the National Automated Clearing House Association (NACHA) Operating Rules, the Electronic Funds Transfer Act (15 U.S.C. 1693 et seq), and Regulation E (12 C.F.R. part 205) as set forth by the Federal Reserve Board of Governors
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.
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quote:Originally posted by TheBull22: Very good sign. I think a nice PR with some rev projections might really get this thing going without looking back
Well if I recall correctly back in 2005 they announced a PROFIT of $1 million ?
How many OTCBB companies do we know that make that much in sales, let alone profit?
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I agree with you, all I'm saying is that we need a good PR to get passed these levels. Maybe bring in some new money to the stock. Also I think our next resistance is .10 and a nice PR would push us past that with no problem.
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quote:Originally posted by TheBull22: Also I think our next resistance is .10 and a nice PR would push us past that with no problem.
Well the resistance point at 0.075 is getting less and less as we speak! To be honest with you I think this is capable of bouncing with or without a PR - last couple of times I traded this bounce (made money every time) there was no PR that I can recall.
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