Citadel EFT, Inc. (CDFT) Receives Notice of $1M Bank Deposit
12 February 2014 - 5:15AM
Marketwired
Citadel EFT, Inc. (CDFT) Receives Notice of $1M Bank Deposit
OCEANVIEW, CA--(Marketwired - Feb 11, 2014) - Citadel EFT, Inc.
(OTCQB: CDFT) announces that the Company has received written
notice and a recent bank statement for $1,000,000.00 (One Million
USD) deposited on their behalf. $4,000,000.00 (Four Million USD)
will be posted and confirmed upon official receipt, according to
certain agreements in place are met. As previously announced, these
funds were posted to provide a "Standby Letter of Credit" (SBLC)
provider with proof of available funds.
A $200,000,000.00 (Two Hundred Million USD) SBLC will be issued,
upon the satisfaction of the necessary documentation, by a top 25
Global Bank, transferred and monetized by an active 3rd party
credit facility located here in the United States with a top 5 US
Bank, as referenced in the January 14, 2014 release.
A company spokesman said, "The one million dollars we now have
in escrow will serve the same purpose and functions as we
previously stated in the announcement made January 14, 2014, which
conditions had yet to be entirely met."
About Citadel EFT, Inc:
Citadel EFT, Inc. http://www.credit-card-processing.com has been
helping companies for over 20 years establish a merchant account
for credit card processing. Citadel has no monthly fee and no
minimums for our credit card service. As a merchant of ours, you
can process credit cards like Visa, MasterCard, Discover, American
Express, EBT, Checks and ATM Cards, Citadel ships your credit card
machine, free of charge.
FORWARD LOOKING STATEMENT
CDFT cautions that statements made in the press release
constitute forward-looking statements, and not guarantees of future
performance, and the 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.
Contact: Gary DeRoos, CEO Tel: 714-423-0701
Email Contact
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