Citadel EFT

July 02, 2013 14:08 ET

Citadel EFT Announces Deadline for Preferred Conversions to Common Stock.

OCEANSIDE, CA--(Marketwired - Jul 2, 2013) - Citadel EFT, Inc. (OTCQB: CDFTD) announces that all Convertible Preferred 'C' & 'D' stockholders must send in their payments and associated information, by the end of business, Thursday, July 11, 2013, so that the preferred securities can be converted into restricted common stock by the Transfer Agent. Citadel EFT will be providing the transfer agent (TA) with an issuance resolution, on behalf of each preferred stockholder, so that the common securities are printed, countersigned and mailed. We expect to meet our deadline to register these securities once the deadline passes, and the TA issues the common stock.

Gary DeRoss, CEO, Citadel EFT, Inc., states, "We appreciate the shareholders timely response to this Corporate request on this submittal, so that we can get these new common stock issued as quickly as possible. We are going to follow through with the registration of these securities, so it is imperative that we set deadlines to meet our objectives."

Management requests that the all information required by Island Stock Transfer be sent to so the Company can expedite the issuance resolutions and impending registration.

For further information about this conversion process, address all questions and emails to Citadel EFT; and/or 714-423-0701

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.

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