CARDIFF INTERNATIONAL, INC. (OTCMKTS:CDIF) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
Cardiff International, Inc. (OTCQB: CDIF) signed a Letter of Intent to acquire and Angry Anemal, LLC (Private; “Angry 8”)
This pending acquisition provides Cardiff entry into the Energy drink industry which appeals to strong young demographics. Over the last few years, through customer feedback and extensive testing across the country, Angry 8 has built a high growth brand in the energy beverage market.
Angry Anemal (https://angryanemal.com/) has shown a growth rate of over 50% per month by building an extensive pipeline of customers and entered into a recent distribution deal of an additional 7,000 convenience stores, enabling Angry 8 an to capture a substantial percentage of both the national and international energy drink market.
Founder, Frank Brady, President/CEO and his management team have agreed to continue in their present roles.
The Letter of Intent has been approved by the unanimous votes of the Board of Directors of both companies. We anticipate closing after Cardiff completes its due diligence.
About CARDIFF INTERNATIONAL, INC. (OTCMKTS:CDIF)
Cardiff International, Inc. is a holding company with holdings of various companies. The Company is focused on the acquisition of undervalued companies with high growth potential, income-producing commercial real estate properties, and high return investments. Its segments include Mobile home lease (We Three), and Company-owned Pizza Restaurants (Romeo’s NY Pizza). The mobile home lease segment establishes mobile home business as an option for a homeowner wishing to avoid down payments, maintenance costs, monthly mortgage payments and high property taxes. The Company-owned Pizza Restaurant segment includes sales and operating results for all Company-owned restaurants. The Company, through Mission Tuition, offers a merchant shopping network in America consisting of merchants offering in-store savings and coupon savings with local, regional and national merchants throughout America. With each purchase, members earn rebates, which go directly into their educational savings account.