SOURCE: Citadel EFT

Citadel EFT

February 13, 2013 09:00 ET

Citadel EFT, Inc.'s (CDFT) CEO Gary DeRoos Announces New York City Meeting With NYSE Alternext's Mr. Robert Wotczak, February 15, 2013

OCEANSIDE, CA--(Marketwire - Feb 13, 2013) - Citadel EFT, Inc.'s (OTCQB: CDFT) CEO Gary DeRoos announces that he has accepted an invitation to meet on February 15, 2013 with Mr. Robert Wotczak, the Senior Managing Director and Regional Head for Equity Sales of the NYSE Alternext, formerly the American Stock Exchange.

Gary DeRoos, CEO, Citadel EFT, states, "We are pleased to be invited to meet with Mr. Wotczak. He will be taking us on a guided tour of the trading floor, and will explain to us to how the NYSE Alternext works for emerging growth companies, like Citadel EFT. From the list below, 'Standard 3' appears to be CDFT's best option for getting listed on the Exchange:

 
Quantitative Standards
 
 
Criteria   Listing Standards
Standard 1   Standard 2   Standard 3   Standard 4
 
Pre-tax income1   $750,000   N/A   N/A   N/A
Market capitalization   N/A   N/A   $50 million   $75 million
OR
At least $75 million in total assets
and $75 million in revenues
Market value of public float   $3 million   $15 million   $15 million   $20 million
Minimum price   $3   $3   $2   $3
Operating history   N/A   2 years   N/A   N/A
Shareholders' equity   $4 million   $4 million   $4 million   N/A
     
  Option 1: 800/500,000
Public shareholders/Public float (shares)2    Option 2: 400/1,000,000
     Option 3: 400/500,0003
   
 

1 Required in the latest fiscal year, or two of the three most recent fiscal years.

2 Public shareholders and public float do not include shareholders or shares held directly or indirectly by any officer, director, controlling shareholder or other concentrated (i.e. 10 percent or greater), affiliated or family holdings.

3 Option 3 requires a daily trading volume of 2,000 shares during the six months prior to listing."

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, http://www.credit-card-processing.com.

FORWARD-LOOKING STATEMENT

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.

Contact Information

  • Contact:
    Gary DeRoos
    714-423-0701