SOUTHLAKE, Texas, April 30, 2014 /PRNewswire/ -- Swordfish Financial, Inc. (OTC Pinksheets: SWRF)
Swordfish Financial, Inc. entered into an agreement to purchase 1,500,000 carbon credits from Green Giant Venture Fund's Papa New Guinea Project (PNG). Sellers are the owners of the outstanding Carbon Credits of PNG project.
The Carbon Credits will be placed for sale through a broker dealer and sold to those of interest. Many reports disclosed the sale of Carbon Credits could sell as high as $11 for each credit. "This agreement was developed through much communication and research of the best assets and commodities to acquire which will help grow and expand the goals of Swordfish" said Mr. Clark Ortiz - CEO, Swordfish Financial, Inc.
Carbon Credits came from the Kyoto Protocol of 1997. This is placing a monetary value on the cost of polluting the air. A credit is a measure reprocessing on megaton of carbon dioxide. This is either saved from being emitted or removed from the Earth's atmosphere. Basically, what these credits do are two-fold; Reduce Greenhouse emissions and Fight climate change or Global Warming.
Carbon credits are a vital component of national and international emissions trading strategies that have been stressed to lessen global warming. They provide a way to reduce greenhouse effect emissions on an industrial scale. This is accomplished by capping total emissions every year and letting the market place a monetary value to any shortfall through trading. Credits can be exchanged between national and international businesses. They are bought and sold in international markets at the current market price. These credits can be used to finance carbon reduction between trading partners.
Many professional broker/dealers place the credit price north of $11 for each credit. "We believe this investment could places over $16,500,000 cash in Swordfish portfolio of investments. The credits will be listed with bonafide broker/dealers for the express purpose of delivering a return to the Swordfish investment" said Clark Ortiz. "Our team of consultants and professional investor group continue to seek new investment opportunities with the express purpose to increase the share price of Swordfish Financial and to create greater value to our shareholders."
This investment comes from a new found commitment to the company which began the beginning of the year to which caused the management of Swordfish to restructure the company and focus towards investment options.
For more information regarding this and other transactions please visit www.SwordfishFinancial.com.
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, energy, commodities and Smart technology industries. SFI develops 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 that 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.
SOURCE Swordfish Financial, Inc.