February 13, 2013 at 09:54 AM EST
Trader Newsletters Reports On Following Stocks

Tradersnewsletters.com, a leading online financial newsletter source, Reports on the following Companies: Citadel EFT, Inc's. (OTCQB :CDFT ), JBI, Inc. (OTCQB:JBII)

 

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Citadel EFT, Inc's. (OTCQB :CDFT ) CEO Gary DeRoos announces that Doty Scott Enterprises has completed its evaluation of the assets that Citadel EFT acquired from "Art to Go, Inc.," on October 24, 2012. The entire evaluation will be available when the US SEC FORM 10-Q is released February14, 2013. In the meanwhile, the Company has provided, in this release, a summary of the valuation report from Mr. Scott, Doty Scott Enterprises. Mr. Scott found that the Company's "Fair Value," on a minority basis, to be $1,266,000 prior to the acquisition of the "Art to Go, Inc." inventory. His report estimated the fair market value of the Inventory assets acquired from 'Art to Go,' as of October 24, 2012, were $4,344,419. These assumptions and limiting conditions were based upon the quality, authenticity, and volatility of market conditions of what was believed to be slow moving inventory. Nonetheless, Citadel EFT's "Fair Value" would increase by the assets acquired, to a total of $5.61M. This, however, does not take into consideration the conversion of the Preferred 'C' Shares, which will be discounted in Citadel EFT 's next quarter due out February 14, 2013. The final discounted value will show up in CDFT's FORM 10-Q when Malone & Bailey completes the audit, and the entire report from Doty Scott will be available on US SEC EDGAR system, as well. Please be advised that the $5.61M figure will be discounted in this upcoming FORM 10-Q as a function of the fair market value of the Convertible Preferred C Shares.

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OBJ Enterprises (OTCQ B:OBJE) will reveal the latest new character artwork from Phantasmic, the debut gaming app developed through the company's joint venture partner Novalon Games. Phantasmic is a free-to-play, steampunk-influenced "autorunner" game optimized for the mobile market. The debut offering from Novalon, the software developer founded by OBJE and Source Street, Phantasmic inserts players into a shadowy world of perilous pitfalls and powerful enemies, requiring unique heroes to rise to the challenge.

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JBI, Inc. (the "Company" or "JBI") (OTCQB: JBII) today announced an update on its Plastic2Oil(R) ("P2O(R)") business operations, reflecting increased fuel production, a successful stack test on processor two, fabrication supplier delays, and revised expectations for achieving positive operating cash flow. Based on preliminary results, total fuel production in the fourth quarter of 2012 increased over total amounts produced in the third quarter of 2012, and was greater than any other fiscal quarter in the Company's history. The Company believes that production would have been higher if it had not experienced significant downtime in December associated with a planned stack test on the Company's second processor. This stack test was performed to procure permits that would allow JBI the option of processing heat transfer fluid in conjunction with its plastic feedstock to optimize the yield per hour of the processors. This test was successful, producing data that confirmed extremely low emission levels at high feed rates. Performance of the stack test adversely affected fuel production during December 2012 due to the time necessary to prepare for and conduct the test.

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