Citadel EFT Inc (fka CDFT)

[scion]

Citadel EFT, Inc. (CDFT) Announces That It Has Received Confirmation of the $50 Million SBLC in Transit to Its Corporate Bank Account

Published: Tuesday, 11 Mar 2014 | 1:59 PM ET

OCEANSIDE, Calif., March 11, 2014 (GLOBE NEWSWIRE) -- Citadel EFT, Inc. (OTCQB:CDFT) today received confirmation that the $50 Million ($50,000,000) SBLC- "Standby Letter of Credit" is in transit to Citadel EFT Inc.'s Corporate Bank Account.

Gary DeRoos, CEO, stated, "We at Citadel E.F.T. Inc. are pleased that the $50 Million SBLC is now in transit to our corporate bank account. This is the first step of many moving forward with positive progress in executing our strategies for the greatest potential for shareholder return and accelerating CDFT's growth plans."

http://www.cnbc.com/id/101484906

Trading Suspension

34-71762 Mar. 21, 2014 Citadel EFT, Inc.
http://www.sec.gov/litigation/suspensions/2014/34-71762.pdf

See also Order
http://www.sec.gov/litigation/suspensions/2014/34-71762-o.pdf