SOURCE: Citadel EFT

Citadel EFT

August 15, 2013 15:45 ET

Citadel EFT, Inc. (CDFT) Announces the Addition of Mr. Joseph E. Riad to the Board of Directors

OCEANSIDE, CA--(Marketwired - Aug 15, 2013) - Citadel EFT, Inc.'s (OTCQB: CDFT) CEO Gary DeRoos announces the addition of Mr. Joseph E. Riad as the newest member of the Company's Board of Directors. As Chairman of Riad Trust & Holdings, Mr. Joseph E. Riad, has over 20 years extensive experience in owning and managing businesses. Mr. Raid co-owns Texas Energy & Minerals, Houston, Texas which maintain mineral smelting rights. His has past professional experiences as the President of IMA World Trade, the Vice President of Tri-Union International, and the Deputy Director of Yellow Rose Energy.

Gary DeRoos, CEO, Citadel EFT, states, "The addition of Mr. Riad to our Board is a significant step forward in attracting talent into the Company. Individuals with the business pedigree like Mr. Riad can assist in the Company's operations and evaluate and implement 'best practices' which will enhance Citadel EFT, Inc.'s present & future value. His experience in the financial industry, including his ability to attract profitable, debt-free business enterprises, is a major advancement for our Company. His business acumen coupled with the vision he has for growth, were key factors in adding him to our Board of Directors and Audit Committee."

Joseph E. Riad states, "I am extremely pleased to join a profitable, emerging growth public company. It is rare these days to find an issuer with virtually no debt and has a growing core business and has assets that were evaluated and audited. I see an opportunity to add value by courting private and public companies that have value, to become subsidiaries of CDFT. We also intend to move some of the assets from our holding company, once they are evaluated by an independent third party."

CDFT's management welcomes Mr. Joseph Riad to the Company's Board and looks forward to working with him as the Company continues to grow.

FORWARD-LOOKING STATEMENT

CDFT cautions that statements made in 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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