OCEANSIDE, CA--(Marketwired - Apr 24, 2013) - Citadel EFT, Inc.'s (
Gary DeRoos, CEO, Citadel EFT, states, "Acquiring other small public companies that have value, as wholly owned subsidiaries, makes sense to our stockholders, because it enhances our 'Net Stockholders Equity' on a consolidated financial statement. The benefit to the other issuers is that their management and stockholders join a company that is logistically prepared to up-list on the NYSE Alternext, without incurring any further costs of being a publicly traded company on their own."
Gary DeRoos further states, "This opportunity opens the door, for Citadel EFT to purchase these companies for 2 or 3 times their current market capitalization, which is a win-win for their current shareholder base, and ours. The integrity of the, equity, of the company being acquired is retained because our Convertible Preferred Securities are Anti-Dilutive."
Management at CDFT will only entertain opportunities where there is no debt, and where an audit can substantiate value. CDFT has the resources for these potential acquisitions and will deploy such resources when they see value to their stockholders, and the new ones they would inherit through a forward acquisition of the potential issuer.
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 business owner and charges no yearly fees, monthly minimums, statement, or address verification fees. Citadel markets its services directly and also through resellers, http://www.credit-card-processing.com.
CDFT cautions that 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 projections in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time the statements are made.