SOURCE: Cardiff International, Inc.

Cardiff International, Inc.

October 31, 2016 09:37 ET

CDIF New Financial Update

FT. LAUDERDALE, FL--(Marketwired - Oct 31, 2016) - Cardiff International Inc. (OTC PINK: CDIF) (a Public Holding Company) today announced the filing of its 2015 K. The Company plans on filing its 2016 Q's within the next two weeks to get current and back to OTCQB reporting status.

In the last three months the Company has filed 3 Qs and 2 Ks demonstrating its obligation and commitment to our shareholders. As reported earlier the reason for our delayed filings was due to obtaining new acquisitions which require a two year audit by the SEC Rule 10B-17. 

"We want to acknowledge within a few days we will be back in good standings and once again apologize for our delayed filings. We realize how important it is to keep you accurately informed in a timely manner about Cardiff's financial information and growth and now have instituted the systems procedures and controls moving forward with new acquisitions to eliminate this transitory issue," stated Alex Cunningham, President/CEO. "As we continue to grow, our primary goals remain the same; experienced great management in place, value, revenue growth, asset acquisition, debt elimination, and liquidity." 

About CDIF: 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.

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