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

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
SYS-CON.TV
Top Links You Must Click On


Citadel EFT, Inc. (CDFT) CEO Gary DeRoos Agrees to Retire 40,000,000 Convertible C Shares, Opens Discussion on Retiring Significant Amounts of Issued Capital

OCEANSIDE, CA -- (Marketwire) -- 02/11/13 -- Citadel EFT, Inc.'s (OTCQB: CDFT) CEO Gary DeRoos announces that he has retired 40,000,000 Convertible 'C' Preferred Shares that he had issued to himself after the asset purchase of Art to Go. He is also considering retiring a significant portion on the issued capital of the common stock in order to bring the market capitalization in-line with the audited equity of the Company. The Issued Capital is at present 233,000,000 outstanding, whereas Mr. DeRoos owns approximately 168,000,000 of those shares.

Gary DeRoos, CEO of Citadel EFT, further states, "I made a mistake in issuing those securities to myself, not realizing that issuing more preferred securities could affect the overall evaluation of the Company. These preferred securities, however, don't increase the present issued common stock capital of the company. But, I now realize it did affect the audited equity of the Company and possibly affects the price of the common stock. I also believe that the amount of issued shares that I have is too much. I have Series B Preferred stock which affords me everything I need. I have issued myself the majority of the common shares and I really see it now as an impediment to building shareholder value. I will be sitting down with our professional consultants and accountants over the next weeks to the possibility of retiring much more of the issued capital of the Company. We will figure out that number after the audit is released and after careful discussion with the majority stock holders."

He further states, "The priority moving forward is to list the Company's common shares on to the American Stock Exchange (AMEX). We need to have $4,000,000 minimum in stock holders' equity, a $50,000,000 market cap, and a $2.00 price per share. We believe with the consistent growth of Citadel EFT's business operations, and management's commitment to purchasing value-added assets that enhance the Company's balance sheet, we are on our way."

CDFT's capital structure needs to be overhauled to reflect management's desire to meet AMEX standards. Lowering the issued capital, and refraining from issuing any securities where the value to the stockholders, officers and directors are not already substantiated and proven, will be the Company's focus.

Thus, lowering the number of issued shares in the Company would signal to the market that the Company is serious about increasing its shareholder values and that management is serious in building shareholder equity value.

About Citadel EFT, Inc:

Based in Oceanside, CA, Citadel EFT, Inc. provides credit card merchant account services to the retailers, mail order companies and the 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, 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. Forward-looking statements are based on the estimates and opinions of the management at the time the statements are made.

Add to Digg Bookmark with del.icio.us Add to Newsvine

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

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.

Enterprise Open Source Magazine Latest Stories . . .
In his session at 15th Cloud Expo, Mark Hinkle, Senior Director, Open Source Solutions at Citrix Systems Inc., will provide overview of the open source software that can be used to deploy and manage a cloud computing environment. He will include information on storage, networking(e.g.,...
More and more Web sites and applications are being moved from Apache to nginx. While Apache is still the number one HTTP server with more than 60% on active Web sites, nginx has now taken over the 2nd place in the ranking and relegated Microsoft’s IIS to 3rd place. Among the top 10.000...
Jérôme is a senior engineer at Docker, where he rotates between Ops, Support and Evangelist duties and has earned the nickname of “master Yoda”. In a previous life he built and operated large scale Xen hosting back when EC2 was just the name of a plane, supervized the deployment of fib...
Couchbase on Tuesday announced the expansion of its partner ecosystem. Newly announced partnerships with Cloudsoft, CumuLogic and ElasticBox will give customers the option to deploy Couchbase Server to public, private, and hybrid cloud infrastructure. With these new partners, customers...
The Open Web Application Security Project (OWASP) is focused on improving the security of software. Their mission is to make software security visible, so that individuals and organizations worldwide can make informed decisions about true software security risks and their OWASP Top 10 ...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one o...
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