POMPANO BEACH, Fla., Oct. 20, 2008 (GLOBE NEWSWIRE) -- Jeffrey Schultz, Secured Financial Network, Inc.'s President/CEO (OTCBB:SFNL) announced today that Visa, Inc. (Visa) has accepted Digital Resource Group's (DRG - www.drgsf.com) filing of the Receipt of Compliance for the Blue Bamboo (www.bluebamboo.com) RedFin Network Payment Gateway owned by Virtual Payment Solutions, Inc. (VPS) (www.virtualpaymentsolutions.com). DRG is a Visa-approved auditor for regulatory compliance.
"This filing of the Receipt of Compliance by DRG with Visa certifies our RedFin Payment Gateway (www.redfinnet.com) meets PCI DSS (Payment Card Industry Data Security Standard) and CISP (Cardholder Information Security Program) standards. We now can move forward with our plans to board Internet merchant accounts and the co-branding of our RedFin Payment Gateway for Independent Sales Organizations (ISO's), Banks, and Processors who have been patiently waiting for this final step in the approval process to be completed and to commence business. Aggressive marketing can now move forward with advertising in industry publications and direct sales by over 40 signed ISO's reselling all the services of VPS. We expect this filing event to significantly increase our revenue stream by year end 2008," Schultz stated.
About Secured Financial Network:
Secured Financial Network, Inc. is a Pompano Beach, Florida-based Company that engages in a full-spectrum of processing for e-commerce and traditional business transactions through a PCI/CISP Compliant Payment Gateway integrated with all major Bank acquiring processors and retail transaction terminals through Virtual Payment Solutions, Inc. (http://www.virtualpaymentsolutions.com), a wholly-owned subsidiary.
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.