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Citadel EFT, Inc. (CDFT) Offers Convertible Preferred 'C' Shares to Its Common Shareholders
Datum : 18/01/2013 @ 03h00
Quelle : MarketWire
Name : Citadel Eft, Inc. (QB) (CDFT)
Kurs : 0.0045 0.0023 (104.55%) @ 22h32
Citadel Eft, Inc. (QB) share price Chart Reports Trades Level2
Citadel EFT, Inc. (CDFT) Offers Convertible Preferred 'C' Shares to Its Common Shareholders
Citadel Eft, Inc. (QB) (USOTC:CDFT)
Intraday Stock Chart
Heute : Freitag 18 Januar 2013
Click Here for more Citadel Eft, Inc. (QB) Charts.
Citadel EFT, Inc.'s (OTCQB: CDFT) CEO Gary DeRoos announces that Citadel EFT will be making the Convertible Preferred 'C' Shares available for sale to its common shareholders through a Private Placement Memorandum. This is in keeping with Citadel EFT's stated objective to register its securities with the SEC.
Gary DeRoos, CEO, states, "We realize that the common share price of the security does not reflect the value of the company at present, and this has been particularly frustrating for our stockholders of the common stock. So, in order to mitigate some of the risk and losses that our common stockholders have experienced, we thought it best, to provide them with our Convertible 'C' Preferred Shares. These securities have anti-dilution privileges, and convertibility features that are designed specifically to help the shareholder. It is our objective to create an income capability with this class of security as we have done for the Preferred 'A', and extend it to our stockholders in this class. Naturally, the common shareholders can call us for further information and clarity on the issue, should they participate."
About Citadel EFT, Inc.:
Based in Oceanside, CA, Citadel EFT, Inc., provides credit card merchant account services to retailers, mail order companies and online service providers. The Company provides a free terminal to the business owner and charges no yearly fees, monthly minimums, statement, or address verification fees. Citadel markets its services directly and also through resellers.
FORWARD-LOOKING STATEMENT
CDFT cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
Contact:
Gary DeRoos
714-423-0701
Email Contact
http://www.credit-card-processing.com
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Absichtserklärung
Citadel EFT, Inc. (CFDT) Concludes a Memorandum of Understanding With Its Professional Advisors and Consultants
Datum : 17/01/2013 @ 21h09
Quelle : MarketWire
Name : Citadel Eft, Inc. (QB) (CDFT)
Kurs : 0.0045 0.0023 (104.55%) @ 22h32
Citadel Eft, Inc. (QB) share price Chart Reports Trades Level2
Citadel EFT, Inc. (CFDT) Concludes a Memorandum of Understanding With Its Professional Advisors and Consultants
Citadel Eft, Inc. (QB) (USOTC:CDFT)
Intraday Stock Chart
Heute : Freitag 18 Januar 2013
Click Here for more Citadel Eft, Inc. (QB) Charts.
Citadel EFT, Inc.'s (OTCQB: CDFT) CEO Gary DeRoos announces that Citadel EFT has just concluded a Memorandum of Understanding with its professional advisors and consultants where any outstanding contractual obligations that the company has to meet through their ESOP Plan, will now be retired for Citadel EFT's Convertible Preferred C Stock, thus removing any accounts payable obligations from these contractual relationships.
Gary DeRoos, CEO, states, "Lowering the outstanding obligations to the Company is an important step toward moving to an Exchange. The obligation to pay for our professional relationships has typically been handled through the ESOP Plan, but as we move forward our consultants are confident with the continued success and progress of the company and have decided to accept our Restricted Equity securities as compensation. This will serve the interests of all the stock holders as we endeavor to meet our objectives.
About Citadel EFT, Inc.:
Based in Oceanside, CA, Citadel EFT, Inc. provides credit card merchant account services to retailers, mail order companies and online service providers. The Company provides a free terminal to the business owner and charges no yearly fees, monthly minimums, statement, or address verification fees. Citadel markets its services directly and also through resellers.
FORWARD LOOKING STATEMENT
CDFT cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
Contact:
Gary DeRoos
714-423-0701
Website http://www.credit-card-processing.com
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Citadel Eft, Inc. (QB) Aktie
Citadel EFT, Inc. (CDFT) Hires Doty Scott Enterprises to Complete Audit of Assets
Datum : 17/01/2013 @ 20h39
Quelle : MarketWire
Name : Citadel Eft, Inc. (QB) (CDFT)
Citadel EFT, Inc. (CDFT) Hires Doty Scott Enterprises to Complete Audit of Assets
Citadel Eft, Inc. (QB) (USOTC:CDFT)
Citadel EFT, Inc's. (OTCQB: CDFT) CEO Gary DeRoos announces that Citadel EFT has just entered into an agreement with Doty Scott Enterprises to complete the audit of the assets that were acquired from Art to Go Inc. The assets were appraised through an independent third party evaluator, which was done prior to the acquisition, and they must also meet SEC requirements.
Gary DeRoos, CEO, states, "The appraisal was thorough, and the firm that completed it came highly recommended; however we need to audit it properly in order to meet the SEC standard. Doty Scott Enterprises was recommended to us by our auditors, Malone & Bailey, and they have experience with asset evaluations, so they will be completing the audit of these assets, and we look forward to the completion of this task."
About Citadel EFT, Inc:
Based in Oceanside, CA, Citadel EFT, Inc., provides credit card merchant account services to retailers, mail order companies and online service providers. The Company provides a free terminal to the business owner and charges no yearly fees, monthly minimums, statement, or address verification fees. Citadel markets its services directly and also through resellers.
FORWARD LOOKING STATEMENT
CDFT cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
Contact:
Gary DeRoos
714-423-0701
http://www.credit-card-processing.com