Message #2 From:
NewsBot Date: January 23, 2007 06:11:00 AM
SFNL News Major Motion Picture Selects Secured Financial Network Subsidiary to Provide `Tie-In' Merchandising Transaction Processing Platform
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Secured Financial Network, Inc. (OTCBB:SFNL)
announced today that the Company’s
wholly-owned subsidiary, Virtual Payment Solutions, LLC. (VPS), has
signed an agreement to provide the producers of the highly-anticipated
upcoming motion-picture drama, “All In”,
with a fully-integrated payment processing, stored value and redemption
platform to coincide with that film’s domestic
theatrical release.
With a large-scale release scheduled for April 2007, “All
In’s” producers are
projecting the film will open with domestic theatrical distribution in
excess of 1,000 screens and nationwide home-based “On
Demand” distribution. The VPS platform will
enable the film’s producers, major theatrical
and home distributors and partners to “tie-in”
marketing of purchase, rebate, promotional, gaming and mobile branded
features in conjunction with the film's release both online at the film’s
web portal, www.themovieallin.com,
and at selected theatrical release locations.
Jeff Schultz, President and CEO of SFNL, commented, “We
are thrilled that the producers of ‘All In’
have chosen Virtual Payment Solutions as its processing/marketing
partner for the upcoming theatrical release. This project incorporates
our proprietary software and foundation technology, which we hope will
provide a basis for other producers, studios, publishers and
distribution companies to use VPS in conjunction with future film and
literary releases. Phase One of the project roll-out is anticipated to
be complete by late February while the Final Phase will be complete and
operational for the release in mid-April.” He
continued, “We anticipate this agreement will
contribute a meaningful per-share impact to earnings in the current
fiscal year.”
About Secured Financial Network
Secured Financial Network, Inc. is a Ft. Lauderdale, Florida-based
company engaged in opportunities in trade receivables and container
financing, in addition to providing e-commerce transaction processing
through its subsidiary, Virtual Payment Solutions proprietary ‘bank-grade’
electronic-vault based payment processing system. The Company continues
to evaluate business opportunities for participation whereby the Company
can add revenue growth, profitability, and build shareholder value.
About “All In”
the Movie
"All In," starring academy award winner Lou Gossett Jr. (Officer and A
Gentlemen, Diggstown, Lackawana Blues), Michael Madsen (Tilt, Kill Bill,
Species), and Dominique Swain (Lolita, Face off, Alpha Dog) takes poker
out of the back rooms and into mainstream America just as it is
currently. As a young girl, Ace Anderson (Swain) is tutored by her
father (Madsen) in the fine arts of playing (and winning at) Texas
Hold'em poker, but dies tragically while Ace is quite young. Years
later, Ace, struggling with the financial and academic pressures of
medical school, teams up with five other students to create the ultimate
poker machine. The high stakes, twists and turns of medicine and
competitive poker combine with an endearing father/daughter story to
deliver wonderful, pulse pounding contemporary entertainment.
Information on the film, its cast and crew and theatrical release can be
found on www.themovieallin.com.
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.
