FORT LAUDERDALE, Fla., Jan. 22, 2008 (PRIME NEWSWIRE) -- Secured Financial Network, Inc. (OTCBB:SFNL) announced today that is has completed a non-exclusive Agreement with National Bank of California Merchant Services (NBOCMS), for use of Secured's RedFin Network, as its payment gateway for transaction processing. In addition, Secured's Virtual Payment Solutions division has completed a direct processing agreement with NBOCMS for marketing of merchant services for its virtual and brick and mortar customers.
Jeffrey Schultz, Secured's President and CEO commented that "we are excited to enter into a truly win-win relationship with NBOCMS and look forward to a long-term relationship as we both begin to grow our business plans. This allows both companies to be very competitive in pricing services. We are very pleased with the high level of request's we have received from merchants and acquirers in the first month of 2008 to utilize our vertically integrated suite of processing platforms and services."
About Secured Financial Network
Secured Financial Network, Inc. is a Pompano Beach, 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.
FOR INVESTOR INQUIRIES can be directed to the Company's website, http://www.sfnl.net or investors can contact:
Matthew Lovito
Brass Bulls Corp.
(866) 342-2700
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