OCEANSIDE, CA -- (Marketwire) -- 03/13/13 -- Citadel EFT, Inc.'s (OTCQB: CDFT) CEO Gary DeRoos announces that Citadel EFT Inc. has completed on the Convertible 'C' Class Preferred Shares in order to execute closing of Villa 613 in the Dominican Republic.
Gary DeRoos, CEO, Citadel EFT, states, "We have signed the documents today to effectively put the Villa into the 'Rental Pool,' and the commitments to complete are now in, and we will wire the balance, including closing costs/ expenditures for furnishings, once we are in receipt of the funds. We are pleased to complete on this class of stock, and will now look to open the 'D' Class for the next acquisition that Citadel EFT contemplates to purchase."
He further states, "We are also aggressively meeting our expectations to enhance the numbers on our balance sheet. Our newly formed Professional Consulting Services Division for Small Businesses is starting to take shape, and we fully expect to be able to book substantial value over the next two quarters in this space, as we also grow our business beyond our current client base. Efforts to increase value in this area are already afoot by exploring direct & multi-level marketing efforts to expand the customer base exponentially."
Management looks forward to any and all shareholder inquires regarding this press release, and any clarification on previously released information.
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, http://www.credit-card-processing.com
CDFT cautions that statements made in 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.