Citadel EFT, Inc. (CDFT) Confirms a $200,000,000.00 USD Credit Facility for the Monetizing of a Top Bank Standby Letter of Cr...
14 Enero 2014 - 8:00AM
Marketwired
Citadel EFT, Inc. (CDFT) Confirms a $200,000,000.00 USD Credit
Facility for the Monetizing of a Top Bank Standby Letter of Credit
OCEANVIEW, CA--(Marketwired - Jan 14, 2014) - Citadel EFT, Inc.
(OTCQB: CDFT) announces that the Company has received written
notice and a recent bank statement for $5,000,000.00 (Five Million
USD) deposited on their behalf. These funds have been posted to
provide a "Standby Letter of Credit" (SBLC) provider with proof of
available funds.
A $200,000,000.00 (Two Hundred Million USD) SBLC will be issued
by a top 25 Global Bank, transferred and monetized by active 3rd
party credit facility located here in the United States with a top
5 US Bank. Post release of funds from the credit facility, Citadel
will receive the $5,000,000.00 (Five Million USD) currently posted
in the escrow account and an additional $24,000,000.00 (Twenty Four
Million USD) from the credit facility. The balance of funds from
the credit facility will be disclosed in forthcoming 8k
announcements.
A company spokesman stated, "We are extremely pleased with this
transaction as it will give us additional investment opportunities
that shall ultimately assist Citadel in debt free purchases of
targeted acquisitions and expansion in the financial sector."
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.
Contact: Gary DeRoos CEO Tel: 714-423-0701
Email Contact: Email Contact
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