OCEANSIDE, CA -- (Marketwire) -- 02/25/13 -- Citadel EFT, Inc.'s (CDFT.OB) (OTCQB: CDFT) CEO Gary DeRoos announces that Citadel EFT will begin to assist other micro cap issuers in amending their corporate and capital structures, as well reorganize debt obligations in exchange for convertible preferred stock compensation. Citadel EFT has been contacted by many micro cap issuers over the last 2 months looking for help to corporately restructure their companies. Citadel EFT will provide specific consulting expertise in the area of corporate restructuring, distressed asset purchasing, and debt reorganization. In exchange for those services, Citadel will be issued convertible preferred stock, from the aforementioned issuers, to become an equity partner.
Gary DeRoos, CEO, Citadel EFT, states, "The ability to help our peers succeed and enhance our own balance sheet, with convertible preferred stock, from another company, is a win-win situation for both parties. I am grateful to have learned how to structure a company for success, and look forward to helping our colleagues on the Bulletin Board succeed. Naturally, the companies inclined to use our services will be committed to protecting their shareholders, and building value."
He further states, "We have a team of very qualified professionals that will implement our strategy, and we believe this will help our colleagues address their own investors' confidence. The fact that Citadel EFT will be able to enhance its balance sheet with the stock of other issuers for providing performance based services, that are in high demand, will certainly not be lost on our loyal shareholder base."
CDFT's Management objectives of creating the right financial instruments, managing expectations, and building value on the balance sheet by reorganizing existing debt obligations is the priority, if more micro cap companies are to succeed.
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 the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
Contact: Gary DeRoos 714-423-0701
Source: Citadel EFT