Cardiff International, Inc. (OTCBB: CDIF) (OTC Pink: CDIF) announced today, CDIF has entered into its fourth LOI (Letter of Intent) to acquire Hi-Lo Farms and Cole Construction with 1,710 acres of land in Aberdeen, Mississippi.
The property consists of 730 acres of cultivable land; 200 acres of a Fish Operation (160 acres under water); 40 acres of Headquarters with a 60,000 BU Grain Facility, Office, shop, storage sheds, 1200 Sq. Ft. Laborer Home, plus a 16 X 80 Mobile Home; 4,050 head swine operation; 40 acres with 7/10 mile runway; Plane Hanger; 2005 Cirrus SR 22 GTS Airplane; 23 acres Hunting ranch with a 1,300 sq. ft. Hunting Lodge; 3 stall barn; Corral; storage building; 360 acres of pastureland; 298.5 acres with 40 acres Swine infrastructure; 12 acres with an 8,500 sq. ft. Executive Home; 5 acres with a 2,500 sq. ft. Managing Directors Home; approximately $1,000,000 of various farm equipment.
Cardiff’s CEO Kathy Roberton announced, “The Hi-Lo Farms and Cole Construction Company would be our largest acquisition to date and am thrilled to be in serious negotiations with one of Mississippi’s premier properties. I’m also excited to announce the appointment of Van Phabmixay as the Managing Director of Hi-Lo Farms and Cole Construction once we close the deal”.
Van states, “I am thrilled to have the opportunity to develop this property to its maximum potential adding significant new revenue streams for Cardiff”.
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.
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Cardiff International, Inc.