Swordfish Financial Inc., a financial asset recovery company, said that it would buy ESMG Inc., a multi-media group based in Los Angeles. Terms of the deal were not released. Swordfish Financial is based in Minnesota.
Swordfish Financial, Inc. (OTCQB: SWRF) a Minnesota corporation and a publicly held diversified financial asset recovery company, today announced that it has signed a Letter of Intent to acquire ESMG Inc. (“eat sleep media group”), a high powered diversified multi-media group located in Los Angeles, California. The founders of ESMG are music entrepreneur David Michery and entertainment industry veteran Alan J. Bailey, who are also the present Officers and Directors of ESMG Inc. ESMG Inc. also includes the following operating divisions: ESM (eat sleep music), ESF (eat sleep film), ESR (eat sleep radio), ESM (eat sleep music), ESTV (eat sleep television), and ESS (eat sleep sports). The ESMG team consists of entertainment industry experts and innovators in music, film, television, content production and delivery, and finance.
“The ESMG team is world class, talented, and passionate about many of the same things we are at SWRF including but not limited to creating positive shareholder value,” stated Michael Alexander, president and CEO of SWRF.
“We are setting a new standard in innovative, consumer driven interactive entertainment content. We are dynamic, highly motivated and have the skills set to act rapidly to acquire and develop new talent and technologies. We are excited about the wonderful opportunity that this acquisition offers and we hope to reach our goal to be re-listed on the NASDAQ in the near future,” stated David Michery, President and CEO of ESMG, Inc.
“ESMG is the perfect fit for our company. They have an amazing high powered management team, an outstanding business model, and the timing could not be more perfect for SWRF. Integration of the management team, business model, and our shareholder base should prove to be a home run for our company,” said Michael Alexander, Founder and CEO of Swordfish Financial, Inc.
The acquisition remains subject to customary closing conditions and procedures. For more information please visit http://www.esmgusa.com/esmg
About Swordfish Financial, Inc. (SWRF)
SWRF is a publicly held diversified financial asset recovery company formed to acquire orphaned assets of high net worth individuals, companies and to originate, fund, source funding for humanitarian and corporate transactions. SWRF’s main products will be to acquire and provide funding for organizations in the currently underserved humanitarian and eco-friendly markets. SWRF provides economical and efficient use of capital while providing a valuable opportunity of loans to and or investment in small and medium sized organizations by providing asset based funding against marketable “income producing and/or marginable” assets. Our funding will enable our organizations to compete more effectively, improve operations and increase shareholder value.
About ESMG Inc.
ESMG is an innovative, consumer driven interactive entertainment content provider. ESMG is a highly motivated team who acts rapidly to acquire and develop new artists and strategic opportunities by using the leverage of their 5 operating units to seamlessly integrate and maximize each investment in talent and technology. ESMG intends to leverage its management strengths and capabilities with highly focused operating divisions to reach and satisfy the marketplace of targeted consumers searching for a breakthrough in new and exciting talent and content.
Certain statements in this press release including, but not limited to, statements as to: the anticipated benefits of the acquisition of ESMG Inc.; the anticipated closing of the acquisition; and the benefits, capabilities and performance of SWRF (Swordfish Financial, Inc.) are forward-looking statements within the meaning of the Private Securities Reform Act of 1995 that are subject to risks and uncertainties that could cause results to be materially different than expectations. Such risks and uncertainties include, but are not limited to, the risk that we will not realize the anticipated benefits of this acquisition, the risk that we may not be able to complete the acquisition, risks associated with acquisitions including the ability to successfully integrate entities, employees and operations, diversion of management’s attention, risks associated with potential international operations, industry trends, the impact of competitive products and technological advances, technologies and other risks detailed from time to time in the reports. SWRF files with the Securities and Exchange Commission including its Form 10-Q for the quarter ended September 30, 2012. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, SWRF disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.