Cardiff International, Inc. (CDIF) Acquiring Prime Land Development Project
11 Juin 2014 - 2:05PM
Marketwired
Cardiff International, Inc. (CDIF) Acquiring Prime Land Development
Project
FORT LAUDERDALE, FL--(Marketwired - Jun 11, 2014) - Cardiff
International, Inc. (OTCBB: CDIF) (OTC Pink: CDIF) (PINKSHEETS:
CDIF) announced today, CDIF has entered into its third LOI (Letter
of Intent) to acquire 30 acres of land in Salmon, Idaho, zoned both
residential and commercial.
The property consist of 23.5 acres zoned MDR (Medium Density
Residential) with 12 lots already platted and 48 lots zoned HDR
(High Density Residential) with an additional 4 acres of dedicated
river front property zoned for recreation on the Salmon River,
Idaho's premier whitewater rafting river, and 2.5 acres zoned for
commercial use. Current plans call for a Storage Facilities
and RV park. All land has close proximity to Salmon, Idaho -- the
city; and adjacent to the Frank Church Wilderness Park the largest
wilderness park in the lower 48 states.
Cardiff's CEO Kathy Roberton announced, "I am thrilled we are in
negotiations with two of the city's leading real estate developers
to acquire this property. We believe this will be a viable and
vibrant residential community in one of the hottest locations for
year round living as well as families seeking a second home for
vacation and recreation use."
Cardiff's (CDIF) Letter of Intent: "CDIF has a very
comprehensive due diligence process and each Letter of Intent gives
us the ability to evaluate from an internal perspective whether or
not the proposed acquisition is a good investment for CDIF
Shareholders."
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.
About CDIF: CDIF is newly
emerging as 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.
FOR MORE INFORMATION, CONTACT: Investor Relations
investorrelaitions@cardiffusa.com Cardiff International, Inc.
818-783-2100 ext. 705
Cardiff Lexington (PK) (USOTC:CDIX)
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