FT. LAUDERDALE, FL--(Marketwired - Dec 15, 2016) - Cardiff International Inc. (OTC PINK: CDIF) anticipates filings its third quarter 10-Q with the Securities and Exchange Commission ("SEC") by December 20, 2016.
The Company has been diligently working with its accounting firm and external auditors to meet this deadline, which is outlined by SEC Rule 10b-17. Delays were a result of completing consolidated financials for recent acquisitions. CDIF expects to regain OTCQB reporting status after completing its filing requirements.
Earlier in December, CDIF filed its 10-Q reports for the first and second quarters of 2016.
"We realize how important it is to keep you informed about financial performance, pending mergers and new acquisitions," stated CEO Alex Cunningham. "As we continue to grow, our goals remain consistent. We're striving to build liquidity and value for our shareholders, expand and grow our assets, and fuel subsidiary profitability and growth by raising equity-based funding for new projects."
CARDIFF INTERNATIONAL INC. is a public holding company that provides closely held, smaller middle market companies with both an equity capitalization strategy, and, an equity exit or liquidity strategy. Cardiff targets acquisitions with great management in place. These income producing niche companies have solid operating histories, often high growth potential, and tangible assets designed to mitigate investor risk. Our goal is to provide a new form of governance enabling businesses to take advantage of the power of a public company without losing autonomous management control. Cardiff provides management expertise and operational synergies as part of a public company platform where select subsidiary companies may raise money through equity investment as opposed to debt financing, in a lower risk environment that protects their investors.
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.