SOURCE: Cardiff International, Inc.
FT. LAUDERDALE, FL via MacReportMedia.com, 7/17/2014 8:30:00 AM
Cardiff International, Inc. (CDIF) Announces Its Third Acquisition
Cardiff International, Inc. (OTCBB: CDIF) (OTC Pink: CDIF) CEO Kathy Roberton announced today the acquisition of Edge View Properties, Inc. has been finalized. Kathy stated “We are pleased to have them in our growing portfolio of acquisitions. We’re excited to have acquired Edge View Properties in its early stages of development with Mark and Steve Adams as part of our acquisition, two of the best real estate developers in the State of Idaho”.
Edge View Properties consist of 30 prime acres of land; 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 is in the city limits of Salmon, Idaho – the city; and adjacent to the Frank Church Wilderness Park the largest wilderness park in the lower 48 states.
Mark Adams stated “We are thrilled to be part of a public company that believes in Collaborative Commonwealth. It was suggested in our first Collaborative meeting to use the 4 acres on the Salmon River to develop an RV time share where each pad can be sold up to 50 times.” Steve Adams stated “We were sold on the idea when we were first approached with their new governance and as a result the time share concept alone will greatly increase our projected revenue and value of our property.”
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.
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