Citadel EFT, Inc. (CDFT) to Acquire Solivita Inversiones S.R.L (S.I.), as a Wholly Owned Subsidiary; Updates Dominican Villa Property Transaction

Internacional (Marketwired, 02 de Agosto de 2013) Citadel EFT, Inc.'s (OTCQB: CDFT) CEO Gary DeRoos announced on March 13, 2013 that CDFT had completed the closing of Villa 613 in the Dominican Republic through the issuance of Convertible 'C' Class Preferred. Since the announcement, the remaining $72,500.00 USD has been paid directly by Solivita Inversiones S.R.L. (S.I.), a Dominican Republic Real Estate Holding Company. Therefore, the property is now completely paid, with exception of the transfer taxes which will be executed by S.I. Instead of acquiring Villa # 613 directly, Citadel EFT, Inc. has acquired the Villa indirectly, by completing the final paperwork to acquire S.I. as a wholly owned subsidiary. 

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