Citadel EFT, Inc. (CDFT) Announces Written Confirmation of the Irrevocable Use of 3 Billion ($3,000,000,000 USD -- Equivalent...
March 10 2014 - 9:00AM
Citadel EFT, Inc. (OTCQB:CDFT) received written confirmation from
the owner of the three billion ($3,000,000,000 USD -- equivalent)
LTN Brazilian Bonds for the irrevocable use of them for the benefit
of Citadel EFT, Inc. It is anticipated that these Bonds are to be
swift into Citadel EFT, Inc.'s bank account.
CDFT, also, on Friday, March 7, 2014, received written notice of
the approval of a $50 Million ($50,000,000) SBLC- "Standby Letter
of Credit." Citadel EFT, Inc. will use a small portion of this SBLC
to pay for the transfer of the 3 billion ($3,000,000,000 USD --
equivalent) swift transfer fee of the LTN Brazilian Bonds.
Gary DeRoos, CEO, stated, "We are pleased with the events that
took place Friday. We are now in a position to start our goal of
proceeding into the banking arena, as well as, closing the
negotiations that are ongoing with becoming a majority shareholder
with a Bank in India. We are also in negotiation with large
'Independent Sales Organizations' of credit card processing to
purchase their portfolios. This will allow us to have immediate
large-cash flow into the Company."
Management reports that a US SEC EDGAR FORM 8-K will be
forthcoming regarding these aforementioned events.
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
citadeleftinc@gmail.com
www.credit-card-processing.com
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