Cardiff International, Inc. (Symbol: CDIF) Announced Affordable Housing Initiative Exceeded 100% Increase in Mobile Home Acquisitions
(firmenpresse) - FORT LAUDERDALE, FL -- (Marketwired) -- 01/28/15 -- Cardiff International, Inc. (OTCBB: CDIF) (OTC PINK: CDIF) announced since acquiring Affordable Housing Initiative (AHI) in May of 2014, have increased their acquisitions 100% as of December 31, 2014. 2014 turned out to be a great year with over $675,000, a 176% increase in receivables over the last three quarters of 2014. Expansion plans for 2015 call for additional acquisitions along with the possibility of acquiring two mobile home parks.
Managing Partner Kurt Steinbach states, "We have exceeded all our expectations since becoming part of the Cardiff family. Cardiff has provided us the platform we needed to raise the money to expand. Our next goal is to purchase a couple of mobile home parks we are currently talking to."
2014 was a great year for Cardiff and the momentum has continued into 2015. Cardiff is projecting revenues in excess of $5 million and assets over $19 million by years end. The introduction of Cardiff's "Collaborative Governance™," a new innovative form of corporate management, is enabling businesses seeking to grow. Cardiff targets acquisitions that are undervalued, niche companies with high growth potential, and income-producing commercial real estate properties. All are designed to pay dividends to CDIF 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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Datum: 28.01.2015 - 15:22 Uhr
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News-ID 367501
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FORT LAUDERDALE, FL
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Commercial & Investment Banking
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