FORT LAUDERDALE, Fla., July 31, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Effective August 1, 2014, Cardiff's board of directors approved the creation of an advisory board. This board will consist of elected individuals from each Cardiff subsidiary. Nominees will participate in a monthly collaborative session discussing strategic initiatives within their company, share valuable experiences and knowledge with other subsidiary nominees, seek infrastructure alignment when possible, and make recommendations to enhance their companies and the parent company. This board of advisors does not replace the board of directors, rather it complements it. Board of advisor members may also be elected to the board of directors of Cardiff by shareholder vote.
Cardiff's new governance accomplishes what we believe to be the future in business development.
CDIF is in the final stages of a required 2 year audit as a result of CDIF changing auditors. We anticipate filing the K's and Q's within the next two weeks.
CDIF is newly emerging as a holding company that adopted a new business model known as "Collaborative Commonwealth,™" a new form of governance enabling businesses to take advantage of the power of a public company. Targeting the acquisition of undervalued, niche companies with high growth potential, income-producing commercial real estate properties and high return investments, all designed to pay a dividend to our shareholders.
FORWARD LOOKING STATEMENT
This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties. These risks include the failure to meet schedule or performance requirements of the company's contracts, the company's liquidity position, the company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Cardiff International, Inc.
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