OCEANSIDE, Calif., March 21, 2014 (GLOBE NEWSWIRE) -- Citadel EFT, Inc. (OTCQB:CDFT) received an "Order of Suspension" from the United States Securities and Exchange Commission (SEC). The order states that this suspension was enacted due to… "a lack of current and accurate information concerning the securities of Citadel EFT, Inc. because of questions regarding the accuracy of assertions by Citadel in public statements regarding the Company's business operations and assets."
Gary DeRoos, President, CDFT, states, "The trade suspension is for ten trading days. The Company and its legal team are hopeful for a quick resolution to this matter."
Management will fully cooperate with the SEC over this suspension.
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.