OCEANVIEW, CA--(Marketwired - Jan 22, 2014) - Citadel EFT, Inc. (OTCQB: CDFT) starts negotiations on possible joint venture with Paragon Processing Limited.
A company spokesperson for Paragon Processing said, "We are in talks with Citadel EFT, Inc. and are extremely impressed with the management team they have established over 20 years. We believe the combination of our expertise overseas, and Citadel's business in the United States will help both companies reach new levels of profitability."
Gary DeRoos of Citadel EFT, Inc., said, "Paragon has developed very good partnerships with banks worldwide that help 'hard to place' merchants accept credit cards. These hard to place merchants have higher margins and greater profitability."
CDFT's management will provide more information over the outcome of these negotiations over this pending joint venture when available.
About Paragon Processing Limited:
Paragon Processing Limited is an International Business Corporation which was principally formed to facilitate and grow the merchant acquiring and processing business of an established commercial bank in Central America. Paragon Processing is unique from other companies in the credit card processing industry due to the fact that it was created at the request of the banks senior management to act as an agent for the bank.
For more information on Paragon Processing, click here: http://www.paragon-processing.com
About Citadel EFT, Inc:
Citadel EFT, Inc. citadelbankcard.com has been helping companies for over 19 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.
