Citadel EFT, Inc. (CDFT) Comments on Filed Form 8-K
February 18 2014 - 12:45PM
Marketwired
Citadel EFT, Inc. (CDFT) Comments on Filed Form 8-K
OCEANSIDE, CA--(Marketwired - Feb 18, 2014) - Citadel EFT, Inc.
(OTCQB: CDFT) management commented today on its Form 8-K filed with
the United States Securities and Exchange Commission.
The filing of the Form 8K was primarily due to management's
joint venture agreement with Carbon Development, Inc. Prior to the
date of the Agreement, Carbon Development, Inc. had no material
interaction with CDFT, other than the negotiation of the Agreement.
For a more detailed description of the Agreement, please review the
Agreement in their entirety, which is attached hereto and marked
Exhibit 10.1.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9791523
Gary DeRoos, President of CDFT stated, "We already have in place
platforms to positively monetize the $500 million USD. We have
initiated talks with a business consultant who is in direct contact
with the largest shareholder of a growing India bank with over
several hundred branches and several plus billions (USD) on cash
deposit. The bank is 'A1++ Rated.' This will give us major clout
with the Bank to expand our business model. Also, our team is
looking to leverage these monies to bring positive cash flow
through trading through highly experienced traders. Our team here
is extremely pleased that these platforms will produce the synergy
needed to produce positive results for the Company and
shareholders."
Having recently signed the agreement, the Company continues its
positive progress in executing its strategy for the greatest
potential for shareholder return by accelerating CDFT's growth
plans. Management is excited to lead the Company and its
shareholders into the future.
About Citadel EFT, Inc:
Citadel EFT, Inc. http://www.credit-card-processing.com has been
helping companies for over 20 years establish a merchant account
for credit card processing. Citadel has no monthly fee and no
minimums for our credit card service. As a merchant of ours, you
can process credit cards like Visa, MasterCard, Discover, American
Express, EBT, Checks and ATM Cards, Citadel ships your credit card
machine, free of charge.
FORWARD LOOKING STATEMENT
CDFT cautions that statements made in the press release
constitute forward-looking statements, and not guarantees of future
performance, and the actual results or developments may differ
materially from projections in the forward-looking statements.
Forward-looking statements are based on estimates and opinions of
management at the time the statements are made.
CONTACT: Gary DeRoos 714-423-0701 Email Contact
www.credit-card-processing.com
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