Swordfish Financial, Inc. Defines JV with iPoint TV and Identifies Future Revenue
SOUTHLAKE, Texas, June 13, 2013 /PRNewswire/ -- Swordfish Financial, Inc. (OTC PINK: SWRF) defines the Joint Venture with iPoint TV, LLC and identifies its growth and business.
iPoint TV began with a simple Set Top Box (STB) with a handful of local and national TV networks. The company sold its STB for $249 and customers enjoyed display of quality TV programing to the home at no monthly cost. Today, iPoint continues with a FREE monthly service of quality programing but is on schedule to roll out its monthly paid service.
In 2012 iPoint's focus was App development on three main platforms; Apple, Android and Roku.
This year iPoint has expanded to several other platforms such as Simul TV, OmniBox, FilmOn, iPoint branded TVuer and Netrange. (iPoint's LIVE streaming website is in development and will be announced soon). Free services are supported by advertising but the more aggressive channel line up would be a paid for service of $14.95 per month.
IPTV-News.com website reported June 12, 2013 IPTV paying subscribers will climb to over 1 Billion by 2018. Subscribers would access content from a smart device connected to the internet.
In plain English... Cable television has held the community hostage to high priced cable bills averaging $75 - $120 per month for selected packages. Service connects to your home via Cable or Satellite. iPoint is aggressively pursuing this market and delivers HD channels and in the future 3D TV through its business association with 3D Entertainment Holdings, Inc. iPoint's monthly average fee is $14.95 per month.
iPoint's 'aggressive' moves:
First: The sale of its TVuer Smart Stick. TVuer plugs into any TV set and provides a "Smart TV" experience over 700,000 gaming, entertainment or productive applications.
Second: iPoint holds business licenses in the United Kingdom, India and South America. Each country will have a local office, streaming farm, sales team and local marketing campaigns.
Third: Acquisitions of other companies such as the announcement made this week of Omniverse One World Television. OmniBox is available today in all Radio Shack stores in the USA.
"For the past 27 years I've built TV stations from the ground floor, helped major groups launch their broadcast networks, successfully created cable packages and consulted many cable executives. I truly believe we are on the prefaces of a new day. The partnering of Swordfish Financial, Inc. and iPoint Television, LLC will help empower the growth of content distribution," says Clark Ortiz, CEO of Swordfish Financial, Inc. "The big winners here will be our global customer base and our shareholders."
About Swordfish Financial, Inc.
Swordfish Financial, Inc. (SFI) is a publicly held diversified financial company designed to acquire undercapitalized assets with a high level of profitability in the digital, entertainment and Smart technology industries. SFI strives capital while providing valuable opportunity of loans and or investment in, small and medium sized organizations with the goal of increasing investor value.
Contained forward-looking statements about management's view of SFI's future expectations, plans and prospects. Statements made are forward-looking which involve known and unknown risks, uncertainties and other factors, which may cause the results of SFI to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents SFI files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. SFI cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these statements. Finally, SFI undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by SFI.
Phone number: 817-845-6244
SOURCE Swordfish Financial, Inc.