SOURCE: Citadel EFT

Citadel EFT

April 23, 2012 14:00 ET

Citadel EFT, Inc. (CDFT) Announces 35% Increase in Revenues

OCEANSIDE, CA--(Marketwire - Apr 23, 2012) - Citadel EFT, Inc. (OTCQB: CDFT) (PINKSHEETS: CDFT), which offers U.S. merchants credit card terminals and online, mail order and retail credit card processing services, announces that revenues, so far for April 2012 increased 35% over the same period last year.

Gary De Roos, CEO, Citadel EFT, said, "We are pleased that our revenue has increased 35% during this 3-week period this April over same period last year. This result should help CDFT's earnings per share figure for this fiscal year."

The results for the first two weeks of April indicate that CDFT's radio advertising and media campaign is working. The Company projected credit card volume with over one million transactions. Volume is important in the equation of gaining market share in the multi-billion dollar credit card merchant account industry.

Citadel EFT is in negotiation now with National Media Fund (National), over a print media agreement. Upon closing this agreement, Management expects advertising with National to help fuel the growth goals for the remainder of 2012. This agreement will generate an advertising medium about CDFT's merchant services to an estimated audience of 20 million per month for 12-months.

About Citadel EFT, Inc.:

Based in Oceanside, CA, Citadel EFT, Inc. provides credit card merchant account services to retailers, mail order companies and online service providers. The Company provides a free terminal to the business owner and charges no yearly fees, monthly minimums, statement, or address verification fees. Citadel markets its services directly and also through resellers. Citadel EFT, Inc. gives a $200 referral fee for each approved account. To learn more about Citadel EFT, Inc. please visit websites:

www.citadelbankcard.com and/or www.citadelinvestorrelations.com

Citadel EFT, Inc. cautions that the statements made in this press release constitute forward-looking statements, and makes no guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.

Contact Information

  • Contact:
    Josh Tyrell
    Tel 858-794-4089