Cardiff International, Inc. (OTCBB: CDIF) (OTC Pink: CDIF) (PINKSHEETS: CDIF) announced today they have entered into a Letter of Intent (LOI) agreement to acquire a profitable, well managed, proven, turnkey Pizza Chain with 5 locations throughout Atlanta, GA. CEO Daniel Thompson stated, "We are in the process of verifying financials and hope to have the acquisition agreement signed within the next 10 days. This family Pizza Chain has been in business for 11 years, with little to no debt, has great assets, good management, and high growth potential with lucrative margins."
Cardiff CEO Kathy Roberton stated, "This acquisition represents a major turning point on our balance sheet. Acquiring them gives us a great revenue stream as well as strong assets. Being able to announce our second acquisition 'right out of the gate' is like getting extra toppings on your pizza."
Cardiff believes the future in Small Cap Securities depends on "Collaborative Common Wealth™" our business philosophy.
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.
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Cardiff International, Inc.
818-783-2100 ext. 705
SOURCE: Cardiff International, Inc.