SOURCE: Cardiff International, Inc.
FORT LAUDERDALE, FL--(Marketwired - May 12, 2014) - Cardiff International, Inc.'s (OTCBB: CDIF) (OTC Pink: CDIF) announced today they have entered into a Letter of Intent (LOI) agreement to acquire a highly profitable, well managed, proven, turnkey business model in the Low Income Housing arena. CEO, Daniel Thompson commented "we are finalizing the contract and expect to sign documents within the next few days. What makes this model so attractive to us is the Company is debt free, has great assets, good management, and high growth potential with lucrative margins."
Currently, Cardiff is working with its auditor and SEC attorney to file both the 2013 year end and 1st Qtr. 10Q. Thompson stated, "This is our first acquisition as well as our first step moving forward. We want to be diversified in our holdings to minimize the impact of failure in any particular business. Our commitment to our acquisitions is to help them grow "their" business within the boundaries of Cardiff. This innovative "collaborative network" of operating and way of thinking is directly opposite to the "corporate raiders" who acquire, strip out the assets and destroy businesses and the communities they employ".
Management believes the future in Small Cap Securities depends on "Collaborative Common Wealth™" Cardiff's business philosophy.
About CDIF: CDIF is newly emerging as a holding company targeting the acquisition of undervalued, niche companies with high growth potential, income-producing commercial real estate properties and high return investments all designed to pay a dividend to our shareholders.
FORWARD LOOKING STATEMENT
This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. These risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.