Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Citadel EFT, Inc. (CDFT) Intends to Buy Income Producing Assets and Securities

OCEANSIDE, CA -- (Marketwire) -- 01/18/13 -- Citadel EFT, Inc.'s (OTCQB: CDFT) CEO Gary DeRoos announces that any and all funds raised from the Equity Private Placements for the Convertible Preferred 'C' shares go to buy income producing assets and/or securities. Management believes that Citadel EFT's ongoing business operations were providing management a dividend under different Series of the Company's Preferred Stock.

Gary DeRoos, CEO of Citadel EFT, states, "It's unlikely that an increase in the credit card processing business would be enough to issue dividends to the stockholders. Even though the Company's credit card processing business is revenue producing, it would not suffice by itself, to provide those dividends to the stockholders. It is necessary, however, for the shareholders to see some return on the investments they intend to make directly into Citadel EFT, for the 'C' Preferred Shares."

He further states, "We have organically grown our business model and have successfully built revenue to the point that I am collecting a dividend from my Series 'A' Preferred, but in order for Citadel EFT to grow exponentially we want to raise money, with the sole purpose of accomplishing three (3) things:

  • Create dividends for the stockholders;
  • Retained earnings for the public company; and
  • Management fees for the insiders

"To get it done, we have to be committed to buying companies in our space that already earn revenue, or real estate and/or securities that also earn an income. In this way, all of our stockholders benefit. The onus, now, is for the management team to deliver on its initiatives as we commence the Private Placements into Treasury from all interested parties, including our current stockholders and consultants. A US SEC FORM S-1 registration will follow the raise as we move forward to meet our objectives."

Management believes that it's essential to expand the scope of the public company's role, by buying reoccurring value, and this is in-line with CDFT's objective to become a Business Development Corporation.

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.

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. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.

Contact:
Gary DeRoos
714-423-0701
Website http://www.credit-card-processing.com

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
Bring the world's best IaaS to the world's best PaaS. In his session at 15th Cloud Expo, Animesh Singh, a Senior Cloud Architect and Strategist for IBM Cloud Labs, will share his experiences of running Cloud Foundry on OpenStack. He will focus on how Cloud Foundry and OpenStack c...
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that...
As enterprises look to take advantage of the cloud, they need to understand the importance of safeguarding their confidential and sensitive data in cloud environments. Enterprises must protect their data from (i) system administrators who don’t need to see the data in the clear a...
Every healthy ecosystem is diverse. This is especially true in cloud ecosystems, where portability and interoperability are more important than old enterprise models of proprietary ownership. In his session at 15th Cloud Expo, Mark Baker, Server Product Manager at Canonical/Ub...
Video management and delivery has become increasingly challenging due to the diversity of solutions, mobile devices, platforms and video formats. As a result, companies are often required to piece together multiple solutions and vendors to get what they need. In his session at 1...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News

Egis Technology Inc. (EgisTec), a FIDO Alliance member, will be hosting a conferenc...