Nature Vision Sold????

[blueicecpa]

Source: Nature Vision, Inc.
Nature Vision, Inc. Announces Share Purchase Agreement With Swordfish Financial, Inc.
BRAINERD, Minn., Aug. 14, 2009 (GLOBE NEWSWIRE) -- Nature Vision, Inc. (Pink Sheets:NRVN), announces the signing of a Share Purchase Agreement with Swordfish Financial, Inc. (SFI), a Texas Corporation, whereby NRVN will issue SFI 10,987,417 shares of restricted common stock in return for a $3,500,000 promissory note from SFI.

The present operations of Nature Vision will be scaled back immediately and the name of the Company will be changed to Swordfish Financial, Inc. with the following as its initial Directors and Officers:



Directors:
Michael Alexander Chairman
Randy Moseley Director

Officers:
Michael Alexander President and Chief Executive Officer
Randy Moseley Chief Financial Officer

"This arrangement will allow SFI to implement its asset recovery plans as discussed below and provide the shareholders of NRVN and SFI an opportunity to realize a significant return during the coming years," stated CEO Michael Alexander.

About Swordfish Financial, Inc.

Swordfish Financial, Inc. (SFI) is a newly formed diversified financial asset recovery company. SFI primary revenue source will come from the recovery and retrieval of orphaned and dormant assets of high net worth individuals and companies held in financial institutions around the world.

SFI will use a portion of the funds generated by our asset recovery efforts to finance small and medium sized organizations by providing asset based funding against marketable "income producing and/or marginable" assets provided those companies meet our eco-friendly or humanitarian criteria. SFI financing will provide an economical and efficient vehicle of capital investment into projects and technologies which may not have a broad base investor appeal, but at the same time have the potential for significant returns and/or benefits for humanitarian purposes. SFI funding will enable these organizations to compete more effectively, improve operations and increase their shareholder value.

SFI will allocate a significant portion of its profits to source and co-fund humanitarian projects for both private and corporate organizations. SFI's humanitarian focus will be projects relating to clean drinking water in the currently underserved regions of the world. SFI may acquire or provide funding to organizations with new technologies in water quality

I'm sure it won't be good. Customer services already is below par, transducer failures are many and to raise profit the China made boards will most likely be installed in these USA made units.


:peepwall::banghead:This cannot be good, customer service on Old Products or New Products.



This economy is not forgiving!!!!!!

[RDJ]

What is Nature Vision, Inc.?

[hondo]

Nature Vision is a company that owned several smaller outdoor companies.

From my perspective their best or most important companies were Aqua-Vu (which they've owned for years) and Marcum (which they bought a year ago).

Aqua-Vu and Marcum were the 2 BIG players in the underwater camera market. These 2 brands are widely popular for ice fishing, and open water use too. There are several other cheaper underwater camera options out there but imo the quality isn't there.

Marcum has an excellent line of flashers for ice fishing. In my opinion Marcum flashers were the best but that is a Ford/Chevy or Lowrance/Humminbird debate. The other flasher players are Vexilar, and Humminbird which came out with a line of ice flashers last year. Vex and HB are good products but you hate to see one of the top 3 brands go away (if it indeed is going away).

Aqua-Vu also had an ice-fishing depthfinder called the Showdown, it was a vertical LCD style instead of a flasher, at a really nice price point. If you saw the In-Fisherman ice fishing shows last year they were all using the Aqua-Vu Showdown.

Nature Vision had several other companies too, although I think they were much smaller and much less "important" companies in their markets.

[blueicecpa]

OK Marcum and Showdown brands have been acquired by Versa Electronics, New Hope, MN, from Nature Vision Inc.


"Isn't it ironic that in April 2008 NV sold its New Hope, Mn property. Terms were Buyer purchased the real property,building,improvements,and certain personal property for a purchase price of Approx--$2,400,000.00 .Now the buyer of Marcum is in New Hope.??? Buyer of the property was not named."


now we know :}


What about "Aqua View Cameras & Fish Hawks ????" Also with by Versa Electronics, New Hope, MN, from Nature Vision Inc. ?

[VernH]

[quote=blueicecpa;1131960]OK Marcum and Showdown brands have been acquired by Versa Electronics, New Hope, MN, from Nature Vision Inc.

quote]

Versa Electronics appears to be a contract manufacturing firm. It wouldn't surprise me that they may have been building some of Nature Vision's products.

Jeff Zernov, founder of Nature Vision via Aqua View, owned Zercom which made a flasher sonar unit (Clearwater Classic). Zercom also was a contract manufacturing company back in the 80's.

Nature Vision has always been based up near Brainerd, MN where Zernov lives. A few years ago they bought a few other smaller companies (some have been resold. PhotoControl and Vaddio to name a few.) I would guess that the property they owned in New Hope was part of one of the companies they acquired.

Vern

[blueicecpa]

In the next few months, Nature Vision will be posting accounts for recovery from U.S. based banks such as Citibank, Wells Fargo, Bank of America, J.P. Morgan Chase, and Merrill Lynch, and internationally based banks such as UBS, HSBC, Mitsubishi, and Dresdner. "We are like a treasure hunter, but in our case we know where the treasure is, we own it, and the only thing we need to do is go recover it," says Michael Alexander, CEO of Nature Vision, Inc

OK in order of what has been served:

A. Nature Vision, Inc. Announces $1.07B First National City Bank (CITIBANK) Addition to Asset Recovery Portfolio.
B. Nature Vision would like to announce a $643 Million HSBC PANAMA cash account has been added to the company's Asset Recovery Portfolio and will be recognized in Nature Vision's financial statements when recovered.