Swordfish Financial Inc (OTCMKTS:SWRF) received a federal contract that will help the company enter into new potential deals, with the U.S. government. Luis Vega, the CEO, said that they have completed ‘multi-step application’ process for bidding government contracts. It commenced, with the granting of CAGE and culminating, with an additional contract win from a major federal agency. Vega stated that the company is in the process of sending a shipment under the first contract of the year.
As per a report in the New York Times, the US Government has immense global supply needs and as a result Swordfish Financial Inc (OTCMKTS:SWRF) sees the new agreement as a major development, given the many suppliers, with whom it has entered into professional relationships. The global supply for FY2013 was around $460 billion in Federal Government Contracts alone. The suppliers deliver almost all the commodities the USG seeks. Swordfish believes it possess the expertise in making this a regular part of its business plan.
The effective operating processes
Swordfish systems and operating processes are effectively planned to streamline various needs of buyers and suppliers, existing in trade negotiations. Most of the transactions require strict due diligence. The system and streamlined processes have resulted in a growing trade book for Swordfish Financial Inc (OTCMKTS:SWRF). There are several commodity negotiations occuring in countries across the globe, including several in EMEA, LATAM, and ASPAC regions.
Addition of trade architect
Swordfish formulated a team that successfully completed process of US CAGE and bidding rights. The company also added another trade architect, Eric Malmstrom. Vega said that Malmstrom is a commodity specialist, with expertise in closing deals. He has already demonstrated his skills in the last contract. He performs a thorough deal analysis and then takes necessary steps to close deal. The valuable traits of Malmstrom are an asset to Swordfish team. Swordfish Financial Inc (OTCMKTS:SWRF) also has plans to open a centralized trading and training office for its deal architects.