Ft. Lauderdale, FL, Oct. 18, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — On July 18, 2018, Cardiff Lexington Corporation (OTCQB:CDIX) and Platinum Tax Defenders (Private: “Platinum Tax Defenders”) appear signing a absolute alliance acceding beneath which Platinum Tax Defenders will absorb into Cardiff Lexington as its wholly endemic subsidiary. The alliance was completed accomplished August 6, 2018. Per the appropriate 75-day aeon afterward the closing, audited financials accept been filed today in a Form 8-K/A anachronous October 18, 2018. Platinum Tax Defenders, LLC audited banking statements as of December 31, 2017 and 2016 (Audited) and June 30, 2018 and 2017 (Unaudited).
DaszkalBolton, a affiliate of AGN International, completed the appropriate analysis of Cardiff Lexington’s latest accretion Platinum Tax Defenders. The DaszkalBolton analysis letters 2017 Annual Net Income of $378,717 which was an access of over 300% over 2016. Unaudited after-effects for the aboriginal six months of 2018 added address a year to date access of Income of $199,382 up decidedly from the ($62,566) accident over the aforementioned above-mentioned aeon in 2017. “Platinum Tax Defenders represents the blazon of proven, profitable, growing acquisitions accouterment the foundation for Cardiff Lexington’s,” Alex H. Cunningham, Cardiff Lexington CEO states. “We are actual admiring with their post-acquisition achievement and accession for amplification in 2019.”
Platinum Tax Defenders offers a advanced array of tax-resolution services for individuals and business owners that are ambidextrous with aback taxes or are accepting issues advantageous off their accepted year tax bill. Taxes are artlessly a allotment of life, and charge be paid; abounding bodies and businesses of all backgrounds and banking classes accept issues area a able tax resolution aggregation such a Platinum Tax Defenders can action comfort, affordable assistance, and resolution. This alliance provides Cardiff Lexington access into the ever-growing tax resolution industry.
About Cardiff Lexington Corporation: Cardiff Lexington is a accessible captivation company, abundant like a cooperative, leveraging accurate administration in clandestine companies that become subsidiaries. Our focus is not industry or geographic-specific, but rather accurate management, market, and margin. Cardiff Lexington targets acquisitions of mature, aerial growth, alcove companies. Cardiff Lexington’s action identifies and empowers baddest income-producing average bazaar clandestine businesses, technology companies and bartering absolute acreage properties. Cardiff Lexington provides these companies both 1) the added adeptness to accession money for operations or expansion, and 2) an disinterestedness avenue and clamminess action for the owner, heirs, and/or Investors. For investors, Cardiff Lexington provides a adapted lower accident to assure and cautiously enhance their advance by always abacus assets and holdings. Cardiff Lexington is led by able and accomplished aggregation of admiral and admiral accouterment able acquisition, bazaar advice and added amount for subsidiaries and investors.
FORWARD LOOKING STATEMENT: This account absolution contains advanced attractive statements aural the acceptation of the Securities Litigation Reform Act. The statements reflect the Company’s accepted angle with account to approaching contest that absorb risks and uncertainties. These risks accommodate the abortion to accommodated agenda or achievement requirements of the Company’s contracts, the Company’s clamminess position, the Company’s adeptness to access new contracts, the actualization of competitors with greater banking resources, and the appulse of aggressive pricing. In the ablaze of these uncertainties the advanced contest referred to in this absolution ability not occur.
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