POMPANO BEACH, Fla., Nov. 26, 2008 (GLOBE NEWSWIRE) -- Secured Financial Network, Inc. (OTCBB:SFNL) ("Secured Financial"), a national provider of online, mobile and traditional electronic payment solutions, announced that it has retained OTC Financial Network (OTCFN), a division of National Financial Communications Corp. (NFC), to direct a targeted investor relations program.
"In an exceedingly mobile society, retailers are seeking to capture sales from consumers for goods and services purchased from Internet sites via a secure payment gateway or from mobile merchants through a wireless hand-held device. Secured Financial, through its wholly owned subsidiary Virtual Payment Solutions (VPS), lets retailers of any size, on- or off-line, deploy an affordable, mobile e-commerce solution that provides on-the-spot acceptance and approval of credit cards and checks," said Geoffrey J. Eiten, president of NFC. "We look forward to implementing a pro-active awareness campaign that showcases Secured Financial's strengths and growth strategies."
In October 2008, VISA accepted the Receipt of Compliance of the Blue Bamboo Payment Gateway operated by the RedFin Network, a trade name of VPS, for PCI/DSS (Payment Card Industry Data Security Standard) and CISP (Cardholder Information Security Program) standards. Jeffrey Schultz, Secured Financial Network, Inc. President and CEO, said, "Our PCI/DSS compliance and partnerships with global technology innovators like Blue Bamboo USA are beginning to bear fruit. Sales by VPS, premier USA distributor of Blue Bamboo's wireless H-50 terminal and P-25M Bluetooth printer grew 120% since its launch in the second quarter of 2008. Combined with Visa's receipt of compliance, we are now positioned to ramp up sales to Independent Sales Organizations (ISO's), banks, and processors. Our partnership with OTCFN is perfectly timed to capitalize on our additional market exposure and attract new investors as we achieve new corporate milestones."
About OTC Financial Network
Since 1992, OTC Financial Network (OTCFN) has carved its niche as the nation's leading small/micro-cap investor relations and financial communications firm. OTCFN is a division of National Financial Communications Corp. (http://www.nationalfc.com) based in Needham, MA. For information, visit http://www.otcfn.com.
OTC Financial Network serves as special advisor to Secured Financial Network and has received fees for services, including monthly retainer of five thousand dollars, in addition to an option to purchase two million shares at five cents per share, plus expenses, for the creation, marketing and distribution of materials. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. A full disclaimer can be found online by visiting http://www.otcfn.com/sfnl/disclaimer.html.
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. Investors should visit http://www.otcfn.com/sfnl.
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.