SOURCE: Cardiff International, Inc.

Cardiff International Audit Delay Filings

Cardiff International, Inc. (OTCBB: CDIF) (OTCQB: CDIF) announced they were not able to file its 10K by April 15th. The restructuring has taken more time than expected and closing of our first acquisition's audit was not completed within the time period required.

 

Cardiff's CEO Daniel Thompson stated, "I want to assure our shareholders the company is moving forward and the audit will be completed within the next few weeks." During this period, Cardiff will be acquiring additional new acquisitions. 

 

In addition, due to time constrains and location, Cardiff announced it switched its auditing firm and accounting firm. Thompson stated, "Now that Cardiff relocated to Florida, it was the appropriate time to make a switch, three hours difference was difficult to say the least."

 

More news about Cardiff: the majority of its debt has been removed; hired a new SEC Law Firm Kopelowitz Ostrow's out of Ft. Lauderdale Florida; and is currently in negotiations to hire two top level executives. 

 

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
Cardiff International, Inc.
investorrelations@cardiffusa.com

 

 

SOURCE: Cardiff International, Inc.