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 Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..

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
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Citadel EFT, Inc. (CDFT) Agrees to Assign Contract of Purchase & Sale of Property in the Dominican Republic

OCEANSIDE, CA -- (Marketwire) -- 01/24/13 -- Citadel EFT, Inc's. (OTCQB: CDFT) CEO Gary DeRoos is pleased to announce that Citadel EFT has agreed to an assignment of a contract of purchase & sale of villa 613, in the Casa Linda development, in Cabarete, Dominican Republic. The villa was the last property for sale in phase 6 in the development, which currently boasts up to a 95% occupancy rate and weekly incomes of $2500 on its 4 bedroom villas. This property is completely built, ready to rent upon completion, and is approximately 10,000 square feet, with 5 bedrooms and 6 bathrooms. This property represents an attractive rental opportunity to Citadel and its shareholders.

The Dominican Republic (DR) is the number one resort destination in the Caribbean, with their Puerto Plata region of the DR, experiencing tremendous growth because of the increased demand for rentals in the area. During peak season the villas are rented for upwards of $10,000 to $12,000 per month, and non-peak seasons, half those numbers.

The Company bought the assignment by agreeing to issue Convertible 'C' Preferred Shares once an appraisal is done on the property. Upon completion, the title will be transferred to Citadel EFT. The original owners of the property were pleased to make the transaction, because of the tax benefits that they would enjoy in earning dividends off the rental incomes, backed by the aforementioned class of securities, and because of Citadel EFT's current financial condition, and its future prospects. One of the two majority shareholders of the company, that bought the villa prior to its build out, Mr. Bash Ahmed, felt that the transaction was more like making an investment in Citadel EFT. He said that the rental opportunity was tremendous, and that there was room to purchase more property in the next phase of Casa Linda's development. This transaction would open the door to even more collaboration to increase Citadel's portfolio.

Gary DeRoos, CEO, of Citadel EFT, further states, "We bought the assignment because there was $200,000USD in equity already in the property, with an additional $30,000USD in improvements that have been already paid by the owners of the contract. There is no debt on the property, no liens of any kind, and the balance owing to pay it off, furnish it and take possession of the title deed is a paltry $75,000USD. We feel the asset, upon an appraisal, will be attractive on the balance sheet and the rental income provides Citadel with a great opportunity to issue dividends immediately when its cash flowing, to the Preferred 'C' shareholders."

He further states, "The location of the development, and the relative stability of the Dominican Republic as a growing getaway vacation spot made this decision easy. The developers, own the property next door, there are over 600 properties in this development at nearly full occupancy, and they manage the rental pool, so that it is turn-key for us. We are not in the business of managing rental properties; we are in the business of buying income without the high cost of transacting for the business.

Management of the Company would disclose the final details of this transaction, pending an appraisal and transfer of the title deed. This property acquisition is going to be an all stock transaction for the contract. But until management knows the true book value of this property, the details of the amount of Convertible Preferred 'C' shares cannot be disclosed until completing the closing of this real-estate transaction. CDFT believes closing will occur in March, 2013.

For more information on the development, CDFT encourage its shareholders to visit the developers' website at www.casalindacity.com. If anyone wishes to view pictures of the finished property, they can email Gary Deroos, directly at citadeleftinc@gmail.com.

About Citadel EFT, Inc:

Based in Oceanside, CA, Citadel EFT, Inc., provides credit card merchant account services to retailers, mail order companies and 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.

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 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
Email Contact
http://www.credit-card-processing.com

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.

SOA World Latest Stories
More and more file-based and machine generated data is being created every day causing exponential data and content growth, and creating a management nightmare for IT managers. What data centers really need to cope with this growth is a purpose-built tiered archive appliance that enabl...
Software is eating the world. Companies that were not previously in the technology space now find themselves competing with Google and Amazon on speed of innovation. As the innovation cycle accelerates, companies must embrace rapid and constant change to both applications and their inf...
In this challenging environment, a combination of automated integration testing and test virtualization can enable test teams to improve software quality and keep up with the rate of change. This white paper helps address these needs by describing the benefits that can be gained throug...
With the capability to reduce both CapEx and OpEx, it’s easy to see why the SDN-NFV trend has taken hold in the hosting and mobile industry. Early use cases include network virtualization from cloud service providers and enterprise data centers, bandwidth calendaring and network tappin...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DN...
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is ob...
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