About Secured Financial Network

Quick Reference

Company: Secured Financial Network Inc.
Ticker Symbol: SFNL
Outstanding Shares: 52,775,020
Website: www.RedFinNet.com


Business Summary

Secured Financial Network Inc, through its wholly owned subsidiary, RedFin Network, is a leader in the payments and transactions industry, serving over 100 ISO/MSP acquiring companies throughout the Americas. RedFin Network is the exclusive distributor of Blue Bamboo (www.BlueBamboo.com) terminals and printers in the Americas, a product line including the industry leading H50 terminal and the P-25M printer/magnetic card reader.

RedFin Network owns and operates a Level 1 (PCI) Certified payment gateway known as The RedFin Gateway. The RedFin Gateway is a powerful payment gateway that is integrated with 15 individual payment platforms, enabling the processing of Credit/Debit/Check/Gift and Loyalty transactions quickly and securely.



Increased Revenue

  9- Months Ended 9/30/09 Year ended 12/31/08 Year ended 12/31/07
Net Revenues $555,772 $226,751 $54,059
Gross Profit 93,598 (426) 33,059

Products

  • Point of Sale (POS) Terminals
  • PC Solutions
  • Check Solutions
  • Cell Phone Solutions
  • eCommerce Solutions

Industries

  • Point of Sale (POS) Terminals
  • PC Solutions
  • Check Solutions
  • Cell Phone Solutions
  • eCommerce Solutions

MANAGEMENT TEAM

Jeffrey L. Schultz, President, CEO & Director, most recently served as Vice President of Sales and Marketing for InteleTech Corporation. Prior to that, Mr. Schultz acted as a consultant to various companies involved in the plastic printing and card issuance industries. Mr. Schultz is the former Director of Business Development for Continental Plastic Card Co., where he directed a restructuring plan that resulted in a turnaround to profitability. Continental Plastic was ranked as one of the Top 10 plastic card printers in the USA. Prior to 2001, Mr. Schultz was the President of Strategic Funding, Inc., which was instrumental in providing consulting to various private and public companies and raised in excess of $20 million in capital since 1996. From 1990 until 1996, Mr. Schultz was the founder, an officer, and director of Aqua Care Systems, Inc., a manufacture of residential, commercial, industrial, and wastewater treatment plants. Aqua Care Systems became a public company in October 1993 after a successful NASDAQ offering. Mr. Schultz graduated with a B.A. Degree from Wayne State University in Detroit, Michigan in 1972.

Michael E. Fasci Sr. EA, Chief Financial Officer & Director, is the founder, president, and CEO of Process Engineering Services, Inc., designs and manufactures pollution recovery equipment primarily for the manufacturing industry with clients worldwide. In 1997, Mr. Fasci qualified for, and currently maintains Enrolled Agent status with the Internal Revenue Service. He also has developed a financial consulting and tax practice that serves primarily corporate clients. Mr. Fasci also currently owns and manages a number of other small businesses. Mr. Fasci has previously served on the Board of Directors of other publicly traded companies. He has successfully served in capacities including Chairman, President, CFO, and Audit Committee Chairman.