SOURCE: Citadel EFT Inc.

Citadel EFT Inc.

August 17, 2011 08:00 ET

Citadel EFT Inc. Revenues Up 39% From Last Year With Projections of Substantial Growth Imminent

TUSTIN, CA--(Marketwire - Aug 17, 2011) - Citadel EFT Inc. (OTCQB: CDFT) (PINKSHEETS: CDFT), a fully audited company which offers U.S. merchants credit card terminals and online, mail order and retail credit card processing services, announces today that revenues are up 39% from this time last year and showing all signs of more growth in the short and long term. Citadel EFT Inc. is currently working on many major new developments and also is in serious talks with many financial institutions for a capital infusion to allow us to secure additional merchant portfolios to maximize cash flow and increase profits.

Gary DeRoos, Chairman & CEO of Citadel EFT, says, "We are excited to see that our monthly residual income increased considerably this quarter; we foresee this to continue as we are targeting higher Visa and MasterCard volume processing clients." Business owners are aware that having a terminal to process Visa and MasterCard transactions is vital to their operation while at the same time everyone is trying to cut corners on expenses anywhere they can. Being able to offer business owners an alternative to processing transactions at a fraction of the cost their bank is charging has become a no brainer; the savings add up quickly which in turn add up profits for Citadel EFT.

About Citadel EFT Inc.

Based in Tustin, CA, Citadel EFT Inc. provides credit card merchant account services to retailers. 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. To learn more about Citadel EFT Inc. please visit our website: http://www.citadelbankcard.com

Forward-Looking Statements

This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material. For more information please visit http://www.sec.gov.

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