CDFT's Management believes that being a BDC entity is best suited for Company and its shareholders. A requirement to become a BDC, the Company needs to maintains a Net Asset Value and debt obligation below equity. At this time, the Company meets these current financial conditions and will move forward with a 1934 Act Registration Statement. Dennis Radcliffe, Director, states, "One of my corporate goals moving forward will be to spearhead the due diligence review of new opportunities that this public company would be looking to purchase. The key now is to buy assets that have an income component attached, that we can identify and verify so as to enhance Citadel's retained earnings."
Gary DeRoos, CEO, states, "The addition of Dennis Radcliffe to the Board of Directors is part of Citadel EFT's overall objective to pursue an uplifting onto the American Stock Exchange-AMEX . To date we are debt free, don't have a going concern, and now have purchased assets that the Company can book as equity on its balance sheet. Adding a new Board member makes sense in light of the size of the transaction, and it further helps the Company to meet its obligation to expand its business 
interests beyond its current operations."
Citadel EFT, Inc. (OTCQB: CDFT) CEO Gary DeRoos announced today that the company has purchased in excess of $10 Million in appraised, audited and unencumbered assets with the goal of making application and being listed on the American Stock Exchange (AMEX).
BRAND NEW MILL READY TO CHEW!
Cash-Flow Positive in less than Two Q's
