Penny Stock News: Merchant Card Processor Citadel EFT Inc. Receives Stock Trading Symbol

Listed in Penny Stocks, Stock Picks,, Day Trading, Best Stocks

Citadel EFT (a fully audited company), which offers U.S. merchants credit card terminals and online, mail order and retail credit card processing services, today announced that it has received its stock symbol (OTCQB:CDFT). “In addition to helping merchant accounts bolster their financial success through Visa and MasterCard credit card processing products and services, Citadel EFT is on the cutting edge of new technology to best help our merchants,” says Gary De Roos, Citadel’s CEO.

Citadel EFT began operations in 1990 and incorporated as a C corporation in 2008. The company’s mission is to enable more merchants to accept Visa and MasterCard credit card transactions by offering free processing equipment along with affordable, high-quality merchant services. De Roos says, “Our strategy to out-service and outperform every other merchant card services provider in the U.S. has fueled our company’s strong financial performance in the past, and it will be a key driver of our earnings growth in the future. Citadel EFT is on track to increase the company’s earnings by 30 percent over the same period one year ago with our merchants processing over 6 million in credit card processing volume in the month of April in 2011.”

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.


Article source: