Citadel EFT, Inc. (CDFT) Enters Into the Legal Marijuana Credit Card Processing Merchant Account Industry to Provide Payment ...
March 04 2014 - 2:10PM
Citadel EFT, Inc. (OTCQB:CDFT) has been helping companies for over
20 years establish a merchant account for credit card processing
today announced that the Company is exploring providing a
comprehensive processing solution for the legal marijuana industry.
Citadel is beginning the process to provide a comprehensive real
time fully electronic payment and banking solution that is safe,
legal and fully compliant with Federal and State laws which would
be an industry specific payment solution designed specifically for
the legal marijuana industry. This will earmark the growing
business plan of the companies banking solutions into one of the
fastest growing industries.
On February 14, 2014, US Department of Justice stated…
"financial institutions can provide services to marijuana-related
businesses in a manner consistent with their obligations to know
their customers and to report possible criminal activity."
Gary DeRoos, President of CDFT stated, "We plan to offer
solutions that are bank independent which don't require the use of
credit/debit cards or ACH transfers. We are joining this market
with a real solution for the burgeoning legal marijuana industry
with a solution that offers trusted commerce along with compliance
of state laws with full transparency to the authorities. I am
determined to continue with positive progress in executing our
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. The legal marijuana industry is estimated at about
$1B to $1.5 Billion annually and is expected to grow to about $40
Billion to $120 Billion as more states legalize marijuana for both
medical and recreational use.
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: citadeleftinc@gmail.com
www.credit-card-processing.com
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