Tuesday, 09 July 2013 07:02 AM
SOUTHLAKE, TX (eTeligis via ACCESSWIRE) 7/9/2013 7:00:00 AM - Swordfish Financial, Inc. (OTCQB: SWRF) discusses the Global initiative and business projections.
On Monday June 8, 2013 SWRF announced the addition of its new office in Bogota, Colombia. This new office is now part of an ongoing growing campaign to add iPoint to growing markets. IPTV is taking off in Latin America, and Colombia is leading the way, according to a report from British firm Digital TV Research, which predicted the number of homes paying for IPTV will take off from a very low base to reach 4.8 million by 2017. Colombia leads the IPTV penetration parade, with about 7 percent of all households by 2017, followed by Chile, which should have about 6 percent IPTV penetration.
Research and Market Data
Digital TV Latin America 2013 IPTV to climb from fewer Than 1 Million Subscribers in 2012 to Nearly 6 Million By 2018. After a slow start, digital TV penetration is about to rocket in Latin America - from less than a third of homes at end of 2012 to nearly 45% by end of 2013 and onto 84% by 2018, according to a new report from Digital TV Research. To put it another way, 100 million digital TV households (in the 19 countries covered in the Digital TV Latin America report) will be added between 2013 and 2018 to take the total to 134 million households.
First Steps into Latin America
"It is with great excitement that we have organized our corporate license in the country of Colombia as iPoint TV Colombia, SAS. As an American company, it is important for us to treat every country as individual organization. From Colombia will reach out to all of Central and South America" said Mr. Ortiz, President/CEO of Swordfish Financial, Inc. and iPoint Television, LLC.
The director of iPoint Colombia is Mr. Jonatan Castillo, a native Colombian. Mr. Castillo comes to the iPoint family with over 20 years of media history. In 1990, Jonatan launched the first Christian broadcasting network in Colombia, ABN Channel 41 (presently in operation) with a license to operate throughout the entire country over Cable. He produced various Television shows which has aired in over 122 countries and translated in English and Portuguese. He coordinated many major events arenas and expos such as Colombia Cali Stadium Pascual, 45,000 in attendance, Santiago de Chile, over 17,000 attendees and Mexico Expo Arena, 22,000 attendees to name a few.
Along with iPoint TV Colombia the corporation is organized with directors and staffing in the United Kingdom as iPoint Television UK, LTD and iPoint Media Asia, LTD operating from Hyderabad, India. These corporations are owned assets of iPoint Television, LLC and function under the enterprise solutions of the iPoint TV brand.
iPoint TV offers an 'All-Things-Media' solution. Mobile application development, Smart technology streaming, media content distribution, internet broadcasting solutions and distribution on many 3rd party Set Top Box companies.
International Market Forecasting
In terms of service provider revenue via subscription, the revenue forecast shows an increase from $29 billion in 2012 to $56.8 billion in 2016, a compound annual growth rate of 18.2%, or almost double the total from 2012.
"China has the most IPTV subscribers worldwide and that trend will likely continue" MultiMedia Research Group (MRG) said. But going forward, the fastest growing IPTV regions will be emerging markets like Latin America and the Middle East and Africa, which today have relatively few IPTV services, but hold great promise for the future.
"Some countries in these regions are still navigating through government regulations that prohibit telcos from offering TV services or limit foreign investment in pay TV services," MRG noted. "However in the last year or so, countries like Brazil and India have managed to eliminate these issues through legislation and this has opened the door to new IPTV services."
Renewal of Merger/Acquisition
SWRF signed a Joint Venture agreement with iPoint Television, LLC to begin partnering in these areas as SWRF was focused on bring the company to fully reporting and compliant. Now that SWRF is back on the OTC QB the LOI to merge/acquire iPoint TV signed earlier this year is renewed and the company is now moving forward with the agreement in a timely manner.
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.
Forward-Looking Statements:
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.
CONTACT:
Contact Information: Clark Ortiz
Phone number: 817-845-6244
Email: [email protected]
On Monday June 8, 2013 SWRF announced the addition of its new office in Bogota, Colombia. This new office is now part of an ongoing growing campaign to add iPoint to growing markets. IPTV is taking off in Latin America, and Colombia is leading the way, according to a report from British firm Digital TV Research, which predicted the number of homes paying for IPTV will take off from a very low base to reach 4.8 million by 2017. Colombia leads the IPTV penetration parade, with about 7 percent of all households by 2017, followed by Chile, which should have about 6 percent IPTV penetration.
Research and Market Data
Digital TV Latin America 2013 IPTV to climb from fewer Than 1 Million Subscribers in 2012 to Nearly 6 Million By 2018. After a slow start, digital TV penetration is about to rocket in Latin America - from less than a third of homes at end of 2012 to nearly 45% by end of 2013 and onto 84% by 2018, according to a new report from Digital TV Research. To put it another way, 100 million digital TV households (in the 19 countries covered in the Digital TV Latin America report) will be added between 2013 and 2018 to take the total to 134 million households.
First Steps into Latin America
"It is with great excitement that we have organized our corporate license in the country of Colombia as iPoint TV Colombia, SAS. As an American company, it is important for us to treat every country as individual organization. From Colombia will reach out to all of Central and South America" said Mr. Ortiz, President/CEO of Swordfish Financial, Inc. and iPoint Television, LLC.
The director of iPoint Colombia is Mr. Jonatan Castillo, a native Colombian. Mr. Castillo comes to the iPoint family with over 20 years of media history. In 1990, Jonatan launched the first Christian broadcasting network in Colombia, ABN Channel 41 (presently in operation) with a license to operate throughout the entire country over Cable. He produced various Television shows which has aired in over 122 countries and translated in English and Portuguese. He coordinated many major events arenas and expos such as Colombia Cali Stadium Pascual, 45,000 in attendance, Santiago de Chile, over 17,000 attendees and Mexico Expo Arena, 22,000 attendees to name a few.
Along with iPoint TV Colombia the corporation is organized with directors and staffing in the United Kingdom as iPoint Television UK, LTD and iPoint Media Asia, LTD operating from Hyderabad, India. These corporations are owned assets of iPoint Television, LLC and function under the enterprise solutions of the iPoint TV brand.
iPoint TV offers an 'All-Things-Media' solution. Mobile application development, Smart technology streaming, media content distribution, internet broadcasting solutions and distribution on many 3rd party Set Top Box companies.
International Market Forecasting
In terms of service provider revenue via subscription, the revenue forecast shows an increase from $29 billion in 2012 to $56.8 billion in 2016, a compound annual growth rate of 18.2%, or almost double the total from 2012.
"China has the most IPTV subscribers worldwide and that trend will likely continue" MultiMedia Research Group (MRG) said. But going forward, the fastest growing IPTV regions will be emerging markets like Latin America and the Middle East and Africa, which today have relatively few IPTV services, but hold great promise for the future.
"Some countries in these regions are still navigating through government regulations that prohibit telcos from offering TV services or limit foreign investment in pay TV services," MRG noted. "However in the last year or so, countries like Brazil and India have managed to eliminate these issues through legislation and this has opened the door to new IPTV services."
Renewal of Merger/Acquisition
SWRF signed a Joint Venture agreement with iPoint Television, LLC to begin partnering in these areas as SWRF was focused on bring the company to fully reporting and compliant. Now that SWRF is back on the OTC QB the LOI to merge/acquire iPoint TV signed earlier this year is renewed and the company is now moving forward with the agreement in a timely manner.
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.
Forward-Looking Statements:
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.
CONTACT:
Contact Information: Clark Ortiz
Phone number: 817-845-6244
Email: [email protected]