Citadel EFT, Inc. (CDFT) Announces that all
Convertible Preferred 'C & D' Stockholders will get (1), (2) or (3) of
their Preferred Securities converted, through the Transfer Agent, into 100,000
to 300,000 Restricted Common Stock.
OCEANSIDE,
CA -- 06/18/13 -- Citadel EFT, Inc. (OTCQB: CDFTD) CEO Gary
DeRoos announces that all Convertible Preferred C & D stockholders will get
(1), (2) or (3) of their Preferred Securities, converted into 100,000 to
300,000 Restricted Common Stock, to reconstitute the Issued Capital in Citadel
EFT.
Gary
DeRoos, CEO, Citadel EFT, states, " Now that the Reverse Split is
complete, our next objective is to increase our Issued Capital, by allowing our
Convertible Preferred C & D stockholders to convert a share, or shares into
a predetermined amount of common stock. We expect to send the list of compiled
stockholders from both classes of preferred stock, up to the Transfer Agent,
before the end of the month, where new common securities will be issued and
mailed out to each stockholder."
Gary
DeRoos further states, " After we have completed this process and
reconstituted the Issued Capital, Citadel EFT will be filing an S1 with the
SEC, to register these same common securities for our stockholders."
1 preferred = 100,000
common $19,500 and below
2 preferred shares = 200,000
common, $29,999 to $20,000
3 preferred shares =
300,000 common, $39,999 to $30,000
Send your c or d
preferred certificate with a check made out to Island stock transfer for $104
to:
Kim Hood
Island Stock Transfer
15500 Roosevelt Blvd,
Ste. 301
Clearwater, FL 33760
Upon receipt, Island
Stock Transfer will issue you the restricted common share certificate, reissue
the d preferred and overnight you both certificates. Any certificate sent
without payment will be returned.
http://www.credit-card-processing.com
FORWARD-LOOKING
STATEMENT
CDFT
cautions that 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 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
714-423-0701
