.10 fell apart. Now it's trading at $0.11. But I have to admit, this is the most steady, beautiful move I've seen in a while.
Posts: 152 | Registered: Jan 2007
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Less momo today, but the uptick continues. Well it seems that this whole week it's touched a cent higher everyday compared to the previous day. Week started off at 0.07 and today it traded at 0.12 before holding strong at 0.11 pretty much the rest of the day. This stock is trading beautifully and I'm anticipating that it will keep riding to higher levels next week.
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FORT LAUDERDALE, Fla., Nov 5, 2007 (*********wire via COMTEX) -- Secured Financial Network, Inc. (OTCBB:SFNL) announced today that it issued its Corporate Profile clarifying its business model. Jeffrey Schultz commented that "the issuing of this Corporate Profile will help our shareholders today and future investors to better understand Secured's business segments, projected revenues for 2008, and the market in which they operate. In the next few days we will post a power-point presentation on Secured's website (www.sfnl.net). This presentation will more fully describe SFNL businesses and how they interact."
Corporate Mission
-- To provide a full spectrum of cost effective and high value products and services that allow our clients to seamlessly process transactions from anywhere via wireless, traditional, and Internet Point-Of-Sale and payment processing solutions.
-- To provide cutting-edge alternative payment solutions and secured transactions through our internal networks.
-- To create growth, enhance profitability, and build shareholder value through business capital markets, business acquisition opportunities, technology, and new products and services in which SFNL's core strengths, focus, and involvement will add value.
SecuredFinancialNetwork
Secured Financial Network, Inc. is positioned to become a market leader in online and wireless merchant payment acquisitions.
SFNL has developed a full spectrum of products and services for electronic and traditional payment transactions that they market through their business groups; RedFin Network, Virtual Payment Solutions, and the AmeriNet/PayzNet Group.*
(* pending acquisition close)
The SFNL platform is centered on their Payment Card Industry (PCI) Certified Payment Gateway and proprietary 'bank-grade' electronic-vault based payment-processing system through its exclusive Envoii Deployment License Agreement.
SFNL initially specialized in short term high margin business capital markets including, but not limited to, container financing and bridge financing. This operation evolved into various core payment processing initiatives that resulted in the acquisition of the Virtual Payment Solutions processing platform (VPS). The VPS platform has enabled SFNL to move into other spaces, including the development and implementation of the SFNL PCI Certified Payment Gateway.
Business Groups
VIRTUAL PAYMENT SOLUTIONS
Virtual Payment Solutions provides contracted Internet business portals the ability to transact business, with their client base, through a very secure proprietary electronic-vault based payment processing system. Additionally, VPS is an Independent Sales Organization (ISO) providing for connections into the RedFin Network Gateway and other commercial payment processing systems. Value added payment services include debit card loading, money transfer, and bill payment.
REDFIN NETWORK
The RedFin Network operates a Proprietary Payment Gateway system that is used to perform Cardholder Information Security Program (CISP) Processor Card Industry (PCI) compliant level 1, 2 and 3 electronic payment processing by way of Retail Point of Sale (POS) terminal, Virtual Terminal, Interactive Voice Response (IVR), E-Commerce, Mobile commerce such as Wireless Access Protocol (WAP), Java or Windows Mobile Wireless payment technology using wireless PDAs and phones. The following hardware and services are supported by this gateway.
AMERINET/PAYZNET GROUP*
AmeriNet / PayzNet offers a suite of alternative payment processing services focusing on Electronic Check processing, commonly known as eChecks, and other products that provide for flexibility and easy integration. By providing total management of the payment process, we allow the merchant to focus on their core business with confidence that payments will be properly tracked, process, and cleared.
Year Founded Feb. 2005
Exchange OTCBB Symbol: SFNL
Revenue (forecast 2008) SFNL $3 million Acquisitions $3.5 million Total Projected 2008 Revenue w/Acquisition: $6.5 million
FORT LAUDERDALE, Fla., Dec 10, 2007 (*********wire via COMTEX) -- Secured Financial Network, Inc. (OTCBB:SFNL) announced today that it has reached a definitive agreement to provide Alexas Entertainment, LLC with a full spectrum of merchant services utilizing the RedFin Network and processing equipment for its gaming and amusement locations. Services include credit/debit card processing, cash advances, and check verification at point of sale. Secured Financial Network President and CEO Jeffrey Schultz stated, "We are very excited to work with Alexas Entertainment providing our full spectrum of merchant services and equipment for the initial 70 locations of nearly 100 they currently operate amusement equipment in. Deployment for the initial 70 locations will be completed by January 2008 with annual gross revenue to Secured, from this agreement with projected expansion, in excess of $500,000."
"We are optimistic in our projected growth for 2008 as we continue discussions with many companies looking to utilize the wide spectrum of payment processing services Secured Financial Network has under one roof," Schultz stated.
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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