Citadel EFT

December 04, 2012 13:23 ET

Citadel EFT, Inc. (CDFT) Forms Audit and Compensation Committee

OCEANSIDE, CA--(Marketwire - Dec 4, 2012) - Citadel EFT, Inc's. (OTCQB: CDFT) CEO Gary DeRoos announces an audit and compensation committee, naming Brian Kistler and Ana Pastorfide as committee chairs.

Gary DeRoos, CEO, states, "Brian Kistler and Ana Pastorfide will provide the board of directors recommendations for investing, acquisition, and other financial decisions to ensure shareholder's best interests are being addressed. They will examine for Citadel EFT, Inc., the audits, the overall fiscal health, and long-term projections of profitable companies for possible acquisitions and other financial directives."

The audit and compensation committee will also be looking at the possibility of becoming a Business Development Company, BDC. There are many benefits of a BDC company, including pass through dividends and tax benefits.

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.


CDFT cautions that the 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 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.

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