FORT LAUDERDALE, Fla., Aug. 21, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Cardiff International, Inc. achieved a major turning point yesterday; the completion of their audit and all annual and quarterlies have been filed. Chairman, Daniel Thompson stated, "For the first time since the Cardiff was formed in 1986, Cardiff has reduced debt, shows earnings, has accounts receivables and solid assets. Our recent acquisitions along with our new CEO Kathy Roberton and her acquisition team has allowed us to focus on businesses that meet our criteria: at least 2 years old, little to no debt, assets and great management."
"We are galvanized by the acceptance and ease it has been to acquire these new businesses," said Ms. Roberton, CEO. "Our new form of 'Collaborative' governance provides these companies the ability to utilize a public company as a platform to help grow their business. Our growth in the last six months is humble. Moving forward we plan to deliver an even stronger finish by year end. As we enter 2015, we are committed to build a diversified portfolio of successful and proven companies that we believe will deliver the next wave of growth and long-term shareholder value."
About CDIF: CDIF is a holding company who 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.
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