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

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 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 AJAXWorld RIA Stories
Have you seen this error message before “java.sql.Exception: ORA-00060: deadlock detected while waiting for resource”? This is caused when parallel updates require locks on either rows or tables in your database. I recently ran into this exception on an instance of an IBM eComme...
When the agile movement re-cast the roles of the SDLC they did so with small projects as the baseline of their experience. A typical minimal SDLC method includes subject matter experts (those who execute the current workflow activities), a Project Manager, a Business Analyst, a S...
Telerik Controls are great for building modern, rich clients, and web applications often seen at the enterprise level. I just worked with a company that uses these controls in their soon-to-be-released customer-facing SharePoint portal. They ran a small load test that showed that...
I would say that only one out of a million exceptions thrown in an application actually makes it to a log file – unless you run your application in verbose logging mode – Do you agree? No? Here is why I think that is: because most exceptions are handled by your code or by the fra...
Are you serving .SWF files from your web server and getting complaints from your end users that your flash app is “just slow?” Or has your Ops team wondered why you see such high web request response times for some of the web service calls executed by your Flash Client? I was ju...
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