OCEANSIDE, Calif., March 11, 2014 (GLOBE NEWSWIRE) -- Citadel EFT, Inc. (OTCQB:CDFT) today received confirmation that the $50 Million ($50,000,000) SBLC- "Standby Letter of Credit" is in transit to Citadel EFT Inc.'s Corporate Bank Account.
Gary DeRoos, CEO, stated, "We at Citadel E.F.T. Inc. are pleased that the $50 Million SBLC is now in transit to our corporate bank account. This is the first step of many moving forward with positive progress in executing our strategies for the greatest potential for shareholder return and accelerating CDFT's growth plans."
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. Citadel is currently pursuing multiple opportunities in a spectrum of transaction processing solutions using traditional, Internet point-of-sale, e-commerce, and mobile (wireless) terminals that are safe, legal and fully compliant with Federal and State laws designed specifically for the legal marijuana industry as part of our 2014 business plans.
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.