February 11, 2013 at 11:34 AM EST
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Tradersnewsletters.com, a leading online financial newsletter source, Reports on the following Companies: Graphite Corp. (OTCQB:GRPH), Citadel EFT, Inc.'s (OTCQB:CDFT)

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Graphite Corp. (OTCQB:GRPH), an exploration stage company focused on the evaluation, acquisition and development of domestic graphite mining opportunities, wishes to advise of preparations underway towards a proposed drill program at its graphite-bearing properties on the Carr and Cahaba leases totaling 3,759.6 acres located in Clay County, Alabama. The Company has mobilized a crew to perform a detailed grid survey focussing on a key block of land prospective for significant graphite shows on its Alabama property. The survey has been engineered to undertake an estimated 1,358 samples for laboratory analysis. The samples will all be taken at surface along pre-planned lines and tested for graphitic carbon (Cg). The sample lines are designed to test the width of the graphite bearing geologic formations through dense sampling across (sub-perpendicular) stratigraphy (geologic units) and known graphite deposits.

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Citadel EFT, Inc.'s (OTCQB:CDFT) CEO Gary DeRoos announces that he has retired 40,000,000 Convertible 'C' Preferred Shares that he had issued to himself after the asset purchase of Art to Go. He is also considering retiring a significant portion on the issued capital of the common stock in order to bring the market capitalization in-line with the audited equity of the Company. The Issued Capital is at present 233,000,000 outstanding, whereas Mr. DeRoos owns approximately 168,000,000 of those shares. Gary DeRoos, CEO of Citadel EFT, further states, "I made a mistake in issuing those securities to myself, not realizing that issuing more preferred securities could affect the overall evaluation of the Company. These preferred securities, however, don't increase the present issued common stock capital of the company. But, I now realize it did affect the audited equity of the Company and possibly affects the price of the common stock. I also believe that the amount of issued shares that I have is too much. I have Series B Preferred stock which affords me everything I need. I have issued myself the majority of the common shares and I really see it now as an impediment to building shareholder value. I will be sitting down with our professional consultants and accountants over the next weeks to the possibility of retiring much more of the issued capital of the Company. We will figure out that number after the audit is released and after careful discussion with the majority stock holders."

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VIASPACE Inc. (OTCQB:VSPC) today announced that the company harvested a large number of seedlings from its Giant KingTM Grass nursery in California and had them transported in a 40 foot refrigerated container to St. Croix, US Virgin Islands where they have been planted in a 25 acre propagation nursery operated by Tibbar Energy. Tibbar plans to propagate the Giant King Grass to create a 1000+ acre plantation to fuel the 7 MW anaerobic digestion power plant that Tibbar is building on St. Croix. The Giant King Grass will be ready to propagate within six months and Tibbar plans to have the power plant in operation in the first quarter of 2014. The St. Croix Public Services Commission approved Tibbar Energy's facility design for a 7 MW anaerobic generator that uses VIASPACE's proprietary Giant King Grass energy crop in December 2012.

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