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<TITLE>ARCI Test S1A5</TITLE>
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<META NAME="date" CONTENT="01/26/2012">
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<P style="line-height:3pt; margin:0pt" align=center>&nbsp;</P>
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<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><BR>
<FONT FACE="Times New Roman" COLOR=#000000><B>UNITED STATES</B></FONT></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>Washington, D.C. 20549</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>FORM S-8</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:20pt; margin:0pt; font-size:18pt" align=center><B>CITADEL EFT, INC.</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>(Exact name of Registrant as specified in its charter)</P>
<P align="center" style="margin:0pt"><BR></P>
<div align="center">
  <TABLE style="font-size:10pt" cellspacing=0>
    <TR><TD width=288></TD><TD width=288></TD></TR>
    <TR><TD style="border-bottom:1.5pt solid #000000" valign=top width=384><P style="line-height:14pt; margin:0pt; padding-right:0.8pt; font-size:12pt" align=center>Nevada</P>
    </TD><TD style="border-bottom:1.5pt solid #000000" valign=top width=384><P style="line-height:14pt; margin:0pt; padding-right:0.8pt; font-size:12pt" align=center>80-0473573</P>
    </TD></TR>
    <TR><TD valign=top width=384><P style="line-height:14pt; margin:0pt; padding-right:0.8pt; font-size:12pt" align=justify>(State or other jurisdiction ofincorporation or organization)</P>
    </TD><TD valign=top width=384><P style="line-height:14pt; margin:0pt; padding-right:0.8pt; font-size:12pt" align=center>(I.R.S. EmployerIdentification No.)</P>
    </TD></TR>
    <TR><TD valign=top width=384><P style="line-height:14pt; margin:0pt; padding-right:0.8pt; font-size:12pt" align=justify>&nbsp;</P>
    </TD><TD valign=top width=384><P style="line-height:14pt; margin:0pt; padding-right:0.8pt; font-size:12pt" align=right>&nbsp;</P>
    </TD></TR>
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<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>1100 Irvine Blvd., Suite 322</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>Tustin, CA 92780</P>
<P style="line-height:1.5pt; margin-top:8.5pt; margin-bottom:0pt" align=center><BR></P>
<P style="margin:0pt" align=center>(Address of Principal Executive Offices, including ZIP Code)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>Xirinachs Non-Employee Consulting Agreement </P>
<P style="line-height:1.5pt; margin-top:8.5pt; margin-bottom:0pt" align=center><BR></P>
<P style="margin:0pt" align=center>(Full title of the plan)</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>National Registered Agents, Inc. of NV</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>1000 East William St, Suite 204</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>Carson City, NV 89701</P>
<P style="line-height:1.5pt; margin-top:8.5pt; margin-bottom:0pt" align=center><BR></P>
<P style="margin-top:0pt; margin-bottom:8.5pt" align=center>(Name and address of agent for service)</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>(800) 520-6724</P>
<P style="line-height:1.5pt; margin-top:8.5pt; margin-bottom:0pt" align=center><BR></P>
<P style="margin:0pt" align=center>(Telephone number, including area code, of agent for service)</P>

<P style="margin:0pt"><BR></P>
<P style="margin:0pt">Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the ExchangeAct. (Check one):</P>
<P style="margin:0pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt">Large accelerated filer[ ] </P>
<P style="margin:0pt; padding-left:72pt; text-indent:324pt">Accelerated filer [ ] </P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:72pt">Non-accelerated filer (Do not check if a smaller reporting company)  [ ] &nbsp;</P>
<P style="margin:0pt; padding-left:72pt; text-indent:324pt">Smaller Reporting Company [X] </P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=center><B>CALCULATION OF REGISTRATION FEE</B></P>
<TABLE align="center" cellspacing=0 style="font-size:10pt">
  <TR><TD width=177.3></TD><TD width=99.7></TD><TD width=99.7></TD><TD width=99.65></TD><TD width=99.65></TD></TR>
<TR><TD style="border-bottom:1.5pt solid #000000" valign=bottom width=236.4><P style="margin:0pt; padding-right:0.8pt" align=center><B>Title of Securities</B></P>
<P style="margin:0pt; padding-right:0.8pt" align=center><B>to be Registered</B></P>
</TD><TD style="border-bottom:1.5pt solid #000000" valign=bottom width=132.933><P style="margin:0pt; padding-right:0.8pt" align=center><B>Amount of</B></P>
<P style="margin:0pt; padding-right:0.8pt" align=center><B>Shares</B></P>
<P style="margin:0pt; padding-right:0.8pt" align=center><B>to be Registered</B></P>
</TD><TD style="border-bottom:1.5pt solid #000000" valign=bottom width=132.933><P style="margin:0pt; padding-right:0.8pt" align=center><B>Proposed</B></P>
<P style="margin:0pt; padding-right:0.8pt" align=center><B>Maximum</B></P>
<P style="margin:0pt; padding-right:0.8pt" align=center><B>Offering</B></P>
<P style="margin:0pt; padding-right:0.8pt" align=center><B>Price Per Share(1)</B></P>
</TD><TD style="border-bottom:1.5pt solid #000000" valign=bottom width=132.867><P style="margin:0pt; padding-right:0.8pt" align=center><B>Proposed</B></P>
<P style="margin:0pt; padding-right:0.8pt" align=center><B>Maximum</B></P>
<P style="margin:0pt; padding-right:0.8pt" align=center><B>Aggregate</B></P>
<P style="line-height:normal; margin:0pt; padding-right:0.8pt" align=center><B>Offering Price <SMALL><SUP>(1)</SUP></SMALL></B></P>
</TD><TD style="border-bottom:1.5pt solid #000000" valign=bottom width=132.867><P style="margin:0pt; padding-right:0.8pt" align=center><B>Amount of</B></P>
<P style="margin:0pt; padding-right:0.8pt" align=center><B>Registration</B></P>
<P style="margin:0pt; padding-right:0.8pt" align=center><B>Fee</B></P>
</TD></TR>
<TR><TD valign=bottom width=236.4><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=bottom width=132.933><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=bottom width=132.933><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=bottom width=132.867><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=bottom width=132.867><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD></TR>
<TR><TD width=236.4><P style="margin:0pt; padding-right:0.8pt" align=center>$0.00001 par value common stock</P>
</TD><TD valign=top width=132.933><P style="margin:0pt; padding-right:0.8pt" align=center>6,000,000</P>
</TD><TD valign=top width=132.933><P style="margin:0pt; padding-right:0.8pt" align=center>$0.16</P>
</TD><TD valign=top width=132.867><P style="margin:0pt; padding-right:0.8pt" align=center>$960,000</P>
</TD><TD valign=top width=132.867><P style="margin:0pt; padding-right:0.8pt" align=center>$110.02</P>
</TD></TR>
</TABLE>

<div align="center">
  <TABLE style="font-size:10pt" cellspacing=0>
    <TR><TD width=37></TD><TD width=539></TD></TR>
  <TR><TD valign=top width=49.333><P style="margin:0pt; padding-right:0.8pt">(1)</P>
  </TD><TD valign=top width=718.667><P style="margin:0pt; padding-right:0.8pt">The Proposed maximum offering price per share and Proposed maximum aggregate offering price are estimated in accordance with Rule 457(c) and (h) promulgated under the Securities Act solely for the purpose of calculating the amount of the registration fee, based on the average of the high and low sales prices per share of the Registrant&#146;s Common Stock on OTC Markets Inc. for a 5 day average between January 18, 2012 and January 24, 2012.</P>
  </TD></TR>
  </TABLE>
</div>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt"><BR>
<BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>- 1 -</P>
<P style="margin-top:0pt; margin-bottom:9.15pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt; page-break-before:always" align=center>PART I</P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-36pt"><B><I>Note:</I> </B></P>
<P style="margin:0pt; padding-left:36pt"><B>The document(s) containing the information specified in this part I will be sent or given to employees as specified by Rule 428(b)(1) (&#167;230.428(b)(1)). &nbsp;Such documents need not be filed with the Commission either as part of this registration statement or as prospectuses or prospectus supplements pursuant to Rule 424 (&#167;230.424). &nbsp;These documents and the documents incorporated by reference in the registration statement pursuant to Item 3 or Part II of this, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act. <I>See </I>Rule 428(a)(1) (&#167;230.428(a)(1)).</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-family:Times New Roman Bold; font-size:12pt" align=center><FONT FACE="Times New Roman Bold"><B>Part II</B></FONT></P>
<P style="line-height:14pt; margin:0pt; font-family:Times New Roman Bold; font-size:12pt" align=center>&nbsp;</P>
<P style="line-height:14pt; margin:0pt; font-family:Times New Roman Bold; font-size:12pt" align=center><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt"><FONT FACE="Times New Roman"><B>Item 3. Incorporation of Documents by Reference.</B></FONT></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">The Registrant hereby incorporates by reference in this Registration Statement the following documents and information filed with the Commission:</P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">(a) The Annual Report on Form 10-K for the fiscal year ended September 30, 2010, as filed with the Commission on January 13, 2011;</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">(b) The Quarterly Report filed on Form 10-Q for the quarterly period ended December 31, 2010, as filed with the Commission on February 8, 2011;</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">(c) The Quarterly Report filed on Form 10-Q for the quarterly period ended March 31, 2011, as filed with the Commission on May 6, 2011</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">(d) The Quarterly Report filed on Form 10-Q for the quarterly period ended June 30, 2011, as filed with the Commission on August 3, 2011;</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">(e)The Current Reports on Form 8-K filed with the Commission on August 17, 2011;, September 19, 2011, and September 20, 2011 and January 4, 2012.</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">(f) The description of the Common Stock contained in the Registration Statement on Form S-1 as filed with the Commission on February 12, 2010 pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), as amended by its Form S-1/A as filed with the Commission on May 28, 2010, July 20, 2010, August 17, 2010, and September 8, 2010, including any amendment or report filed for the purpose of updating such description. </P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">(g) Certificate of Amendment to Articles of Incorporation filed September 2, 2011 and Amendment to Articles of Incorporation dated September 6, 2011.</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">(h) The Annual Report on Form 10-K for the fiscal year ended September 30, 2011, as filed with the Commission on December 19, 2011.</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">(i) The Certificate of Amendment to Certificate of Designation filed with the Nevada Secretary of State on December 30, 2011.</P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">Nothing in this Registration Statement shall be deemed to incorporate information furnished but not filed on a Current Report on Form 8-K.</P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this </P>
<P style="margin:0pt"><BR>
<BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>- 2 -</P>
<P style="margin-top:0pt; margin-bottom:9.15pt"><BR></P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt; page-break-before:always">Registration Statement to the extent that a statement incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt; page-break-before:always">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt"><B>Item 4. Description of Securities</B>.</P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">Not applicable.</P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt"><B>Item 5. Interests of Named Experts and Counsel.</B></P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="line-height:14pt; margin:0pt; text-indent:36pt; font-size:12pt">None</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt"><B>Item 6. &nbsp;Indemnification of Directors and Officers</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; text-indent:27pt; font-size:12pt" align=justify>Section 78.7502 of the Nevada Revised Statutes permits a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, except an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses, including attorneys&#146; fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action, suit or proceeding if he:</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:45pt; text-indent:-18pt; font-size:12pt">(a)</P>
<P style="line-height:14pt; margin:0pt; padding-left:45pt; font-size:12pt">&nbsp;is not liable pursuant to Nevada Revised Statute 78.138, or</P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:45pt; text-indent:-18pt; font-size:12pt">(b)</P>
<P style="line-height:14pt; margin:0pt; padding-left:45pt; font-size:12pt">acted in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.</P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; text-indent:27pt; font-size:12pt" align=justify>In addition, Section 78.7502 permits a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses, including amounts paid in settlement and attorneys&#146; fees actually and reasonably incurred by him in connection with the defense or settlement of the action or suit if he:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:45pt; text-indent:-18pt; font-size:12pt">(a)</P>
<P style="line-height:14pt; margin:0pt; padding-left:45pt; font-size:12pt">is not liable pursuant to Nevada Revised Statute 78.138; or</P>
<P style="line-height:14pt; margin-top:12pt; margin-bottom:-14pt; padding-left:45pt; text-indent:-18pt; font-size:12pt">(b)</P>
<P style="line-height:14pt; margin:0pt; padding-left:45pt; font-size:12pt">acted in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR>
<BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>- 3 -</P>
<P style="margin-top:0pt; margin-bottom:9.15pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt; page-break-before:always" align=justify>To the extent that a director, officer, employee or agent of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to above, or in defense of any claim, issue or matter, the corporation is required to indemnify him against expenses, including attorneys&#146; fees, actually and reasonably incurred by him in connection with the defense. </P>
<P style="margin:0pt; font-size:12pt" align=justify>&nbsp;</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=justify>Section 78.752 of the Nevada Revised Statutes allows a corporation to purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director, officer, employee or agent of the corporation or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out of his status as such, whether or not the corporation has the authority to indemnify him against such liability and expenses.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:14pt; margin:0pt; text-indent:27pt; font-size:12pt" align=justify>Other financial arrangements made by the corporation pursuant to Section 78.752 may include the following:</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; font-size:12pt">(a)</P>
<P style="line-height:14pt; margin:0pt; padding-left:54pt; font-size:12pt">creation of a trust fund;</P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; font-size:12pt">(b)</P>
<P style="line-height:14pt; margin:0pt; padding-left:54pt; font-size:12pt; margin-bottom: 10pt;">the establishment of a program of self-insurance;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; font-size:12pt">(c)</P>
<P style="line-height:14pt; margin:0pt; padding-left:54pt; font-size:12pt; margin-bottom: 10pt;">the securing of its obligation of indemnification by granting a security interest or other lien on any assets of the corporation; and</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:54pt; text-indent:-18pt; font-size:12pt">(d)</P>
<P style="line-height:14pt; margin:0pt; padding-left:54pt; font-size:12pt">the establishment of a letter of credit, guaranty or surety</P>
<P style="line-height:14pt; margin:0pt; padding-left:54pt; font-size:12pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; text-indent:27pt; font-size:12pt" align=justify>No financial arrangement made pursuant to Section 78.752 may provide protection for a person adjudged by a court of competent jurisdiction, after exhaustion of all appeals, to be liable for intentional misconduct, fraud or a knowing violation of law, except with respect to the advancement of expenses or indemnification ordered by a court.</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="line-height:14pt; margin:0pt; text-indent:27pt; font-size:12pt" align=justify>Any discretionary indemnification pursuant to NRS 78.7502, unless ordered by a court or advanced pursuant to an undertaking to repay the amount if it is determined by a court that the indemnified party is not entitled to be indemnified by the corporation, may be made by the corporation only as authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances. The determination must be made:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:45pt; text-indent:-18pt; font-size:12pt">(a)</P>
<P style="line-height:14pt; margin:0pt; padding-left:45pt; font-size:12pt">by the stockholders;</P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:45pt; text-indent:-18pt; font-size:12pt">(b)</P>
<P style="line-height:14pt; margin:0pt; padding-left:45pt; font-size:12pt">by the board of directors by majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding;<A NAME="page_5"></A></P>
<P style="margin-top:0pt; margin-bottom:10pt">&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:45pt; text-indent:-18pt; font-size:12pt">(c)</P>
<P style="line-height:14pt; margin:0pt; padding-left:45pt; font-size:12pt">if a majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding so orders, by independent legal counsel in a written opinion, or&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:10pt">&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:45pt; text-indent:-18pt; font-size:12pt">(d)</P>
<P style="line-height:14pt; margin:0pt; padding-left:45pt; font-size:12pt">if a quorum consisting of directors who were not parties to the action, suit or proceeding cannot be obtained, by independent legal counsel in a written opinion.</P>
<P style="margin:0pt"><BR>
<BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>- 4 -</P>
<P style="margin-top:0pt; margin-bottom:9.15pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt; page-break-before:always" align=justify><B>Charter Provisions and Other Arrangements of the Registrant</B></P>
<P style="margin:0pt; font-size:12pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">The Registrant is a Nevada corporation and, accordingly, is subject to the corporate laws under the Nevada Revised Statutes. Article XI of the Registrant&#146;s Bylaws contain the following indemnification provision for our directors and officers:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="line-height:normal; margin:0pt; padding-left:36pt; font-size:9.5pt">&#147;<BIG>The Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) by reason of the fact that such person is or was a Director, Trustee, Officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a Director, Trustee, Officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgment, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Corporation, and with respect to any criminal action or proceeding, had no reasonable cause to believe such person's conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo &nbsp;contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which such person reasonably believed to be in or not opposed to the best interests of the Corporation, and with respect to any criminal action proceeding, had reasonable cause to believe that such person's conduct was unlawful.&#148;</BIG></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; text-indent:24.5pt; font-size:12pt" align=justify>Such indemnification provision is sufficiently broad to permit the Registrant to indemnify its executive officers and directors for liabilities (including reimbursement of expenses incurred) arising under the Securities Act. &nbsp;The Registrant has current directors&#146; and officers&#146; liability insurance (D&amp;O insurance) covering our directors and officers activities conducted for and on behalf of the Registrant up to the amount of $5 million in the aggregate.</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="line-height:14pt; margin:0pt; text-indent:24.5pt; font-size:12pt" align=justify>The indemnification provisions in the Bylaws, and any indemnification agreements entered into between the Registrant and its directors or officers, may be sufficiently broad to permit indemnification of the Registrant&#146;s directors and officers for liabilities arising under the Securities Act. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. No pending material litigation or proceeding involving our directors, executive officers, employees or other agents as to which indemnification is being sought exists, and we are not aware of any pending or threatened material litigation that may result in claims for indemnification by any of our directors or executive officers.</P>

<P style="margin:0pt" align=right><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=justify><B>Item 7. &nbsp;Exemption from Registration Claimed.</B></P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; text-indent:36pt; font-size:12pt" align=justify>Not applicable.</P>
<P style="margin:0pt; margin-bottom: 10pt;"><BR>
</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>- 5 -</P>
<P style="margin-top:0pt; margin-bottom:10pt">&nbsp;</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=justify><B>Item 8. &nbsp;Exhibits.</B></P>
<P style="margin:0pt" align=justify><BR></P>
<P align="center" style="line-height:14pt; margin-top:0pt; margin-bottom:10pt; padding-left:-22.5pt; text-indent:58.5pt; font-size:12pt"><B>Description of Exhibit</B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD width=65.9></TD><TD width=16.65></TD><TD width=1.95></TD><TD width=452.25></TD></TR>
<TR><TD valign=top width=87.867><P style="line-height:14pt; margin:0pt; padding-left:-15.1pt; font-size:12pt" align=center>4.2</P>
</TD><TD valign=bottom width=24.8 colspan=2><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;</P>
</TD><TD valign=bottom width=603><P style="line-height:14pt; margin:0pt; font-size:12pt">Xirinachs Non-employee Consulting Compensation</P>
</TD></TR>
<TR><TD width=87.867>&nbsp;</TD><TD width=627.8 colspan=3>&nbsp;</TD></TR>
<TR><TD valign=top width=87.867><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>5.2</P>
</TD><TD valign=bottom width=22.2>&nbsp;</TD><TD valign=bottom width=605.6 colspan=2><P style="line-height:14pt; margin:0pt; font-size:12pt">Opinion of Counsel and Consent of Counsel</P>
</TD></TR>
<TR><TD width=87.867>&nbsp;</TD><TD width=627.8 colspan=3>&nbsp;</TD></TR>
<TR><TD valign=top width=87.867><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>23.5</P>
</TD><TD valign=bottom width=22.2>&nbsp;</TD><TD valign=bottom width=605.6 colspan=2><P style="line-height:14pt; margin:0pt; font-size:12pt">Consent of Malone Bailey Independent Registered Public Accounting Firm</P>
</TD></TR>
<TR><TD valign=top width=87.867>&nbsp;</TD><TD valign=bottom width=22.2>&nbsp;</TD><TD valign=bottom width=605.6 colspan=2>&nbsp;</TD></TR>
<TR><TD valign=top width=87.867><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>23.6</P>
</TD><TD valign=bottom width=22.2>&nbsp;</TD><TD valign=bottom width=605.6 colspan=2><P style="line-height:14pt; margin:0pt; font-size:12pt">Consent of Austin Legal Group, APC</P>
</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt"><BR>
<BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>- 8 -</P>
<P style="margin-top:0pt; margin-bottom:10pt"><BR>
</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=justify><B>Item 9. &nbsp;Undertakings</B></P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; font-size:12pt">a.</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt">The undersigned registrant hereby undertakes:</P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; font-size:12pt" align=justify>1.</P>
<P style="line-height:14pt; margin:0pt; padding-left:36pt; font-size:12pt" align=justify>To file, during any period in which offers or sales are being made pursuant to this Registration Statement, a post-effective amendment to this Registration Statement: </P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:54pt; text-indent:-36pt" align=justify>(i)</P>
<P style="line-height:14pt; margin:0pt; padding-left:54pt; font-size:12pt" align=justify>To include any prospectus required by Section 10(a)(3) of the Securities Act; </P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:54pt; text-indent:-36pt" align=justify>(ii)</P>
<P style="line-height:14pt; margin:0pt; padding-left:54pt; font-size:12pt" align=justify>To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which is registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in &#147;Calculation of Registration Fee&#148; table in the effective registration statement;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:54pt; text-indent:-36pt" align=justify>(iii)</P>
<P style="line-height:14pt; margin:0pt; padding-left:54pt; font-size:12pt" align=justify>To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement; provided, however, that paragraphs (i) and (ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement. </P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:19.45pt; font-size:12pt" align=justify>2.</P>
<P style="line-height:14pt; margin:0pt; padding-left:19.45pt; text-indent:19.45pt; font-size:12pt" align=justify>That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </P>
<P style="margin:0pt" align=justify><BR>
  <BR>
</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>- 6 -</P>
<P style="margin-top:0pt; margin-bottom:9.15pt"><BR></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:19.45pt; font-size:12pt; page-break-before:always" align=justify>3.</P>
<P style="line-height:14pt; margin:0pt; padding-left:19.45pt; text-indent:19.45pt; font-size:12pt" align=justify>To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </P>
<P style="margin:0pt; font-size:12pt" align=justify>&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-size:12pt" align=justify>b.</P>
<P style="line-height:14pt; margin:0pt; text-indent:19.45pt; font-size:12pt" align=justify>The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </P>
<P style="margin:0pt; font-size:12pt" align=justify>&nbsp;</P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-size:12pt" align=justify>c.</P>
<P style="line-height:14pt; margin:0pt; text-indent:19.45pt; font-size:12pt" align=justify>Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions described under &#147;Item 6&#151;Indemnification of Directors and Officers&#148;, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. <A NAME="page_7"></A></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>SIGNATURES </B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>&nbsp;</P>
<P style="line-height:14pt; margin:0pt; text-indent:36pt; font-size:12pt" align=justify>Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Irvine, State of California, on January 24, 2012.&nbsp;</P>
<TABLE width="174" cellspacing=0 style="font-size:10pt">
  <TR><TD width=23></TD><TD width=162></TD></TR>
<TR><TD valign=top colspan=2><P style="line-height:14pt; margin:0pt; font-size:12pt"><B>CITADEL EFT, INC.</B></P>
</TD></TR>
<TR><TD valign=top width=23>&nbsp;</TD><TD valign=top width=162>&nbsp;</TD></TR>
<TR><TD valign=top width=23><P style="line-height:14pt; margin:0pt; font-size:12pt">By:</P>
</TD><TD style="border-bottom:1pt solid #000000" valign=top width=162><P style="line-height:14pt; margin:0pt; font-size:12pt">/s/ Gary DeRoos</P>
</TD></TR>
<TR><TD valign=top width=23>&nbsp;</TD><TD valign=top width=162><P style="line-height:14pt; margin:0pt; font-size:12pt">Gary DeRoos</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">Chief&nbsp;Executive&nbsp;Officer</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">Director</P>
</TD></TR>
<TR><TD valign=top width=23><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;</P>
</TD><TD valign=top width=162>&nbsp;</TD></TR>
<TR><TD valign=top width=23><P style="line-height:14pt; margin:0pt; font-size:12pt">By</P>
</TD><<TD style="border-bottom:1pt solid #000000"; valign=top width=162><P style="line-height:14pt; margin:0pt; font-size:12pt">/s/ Maria DeRoos</P>
</TD></TR>
<TR><TD valign=top width=23>&nbsp;</TD><TD valign=top width=162><P style="line-height:14pt; margin:0pt; font-size:12pt">Maria DeRoos</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">Director</P>
</TD></TR>
</TABLE>
<P style="margin-top:4.4pt; margin-bottom:0pt" align=center><BR></P>
<P style="line-height:14pt; margin-top:5.3pt; margin-bottom:0pt; text-indent:24.5pt; font-size:12pt" align=center><B>POWER OF ATTORNEY</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=justify>Each person whose signature appears below constitutes and appoints Gary DeRoos his or her true and lawful attorneys-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name, place, and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) and additions to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, and hereby grants to such attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or his substitute or substitutes may lawfully do or cause to be done by virtue hereof. </P>
<P style="margin:0pt" align=justify><BR>
<BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>- 7 -</P>
<P style="margin-top:0pt; margin-bottom:9.15pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt; page-break-before:always" align=justify>&nbsp;</P>
<P style="line-height:14pt; margin-top:5.3pt; margin-bottom:0pt; text-indent:24.5pt; font-size:12pt"><B>Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the dates indicated. </B></P>
<P style="margin:0pt; font-size:12pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=133></TD><TD width=101></TD><TD width=203></TD><TD width=36></TD><TD width=191></TD></TR>
<TR><TD valign=top width=133><P style="line-height:14pt; margin:0pt; font-size:12pt"><B>Signature </B></P>
</TD><TD valign=top width=101><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=203><P style="line-height:14pt; margin:0pt; font-size:12pt"><B>Title </B></P>
</TD><TD valign=top width=36><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=191><P style="line-height:14pt; margin:0pt; font-size:12pt"><B>Date </B></P>
</TD></TR>
<TR><TD valign=top width=133>
    <P style="line-height:pt; margin:0pt; font-size:12pt">&nbsp;</P>
    <P style="line-height:pt; margin:0pt; font-size:12pt"><u>/s/ Gary DeRoos</u></P>
    <P style="line-height:pt; margin:0pt; font-size:12pt">Gary DeRoos</P></TD><TD valign=top width=101>
</TD><TD valign=top width=203><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;</P>
  <P style="line-height:14pt; margin:0pt; font-size:12pt">Chairman of the Board, President, and Chief Executive Officer &nbsp;</P></TD><TD valign=top width=36><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=191><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;</P>
  <P style="line-height:14pt; margin:0pt; font-size:12pt"><br>
  January 27, 2012 </P></TD></TR>
<TR><TD valign=top width=133><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=101><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=203><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=36><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=191><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=133><P style="line-height:14pt; margin:0pt; font-size:12pt">/s/ Maria DeRoos</P>
</TD><TD valign=top width=101><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=203><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;Director </P>
</TD><TD valign=top width=36><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=191><P style="line-height:14pt; margin:0pt; font-size:12pt">January 27, 2012</P>
</TD></TR>
<TR><TD style="border-top:1pt solid #000000" valign=top width=133><P style="line-height:14pt; margin:0pt; font-size:12pt">Maria DeRoos </P>
</TD><TD valign=top width=101><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=203><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;</P>
</TD><TD valign=top width=36><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=191><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; font-size:12pt">&nbsp;</P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>&nbsp;</P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:-22.5pt; font-size:12pt"><BR>
</P>
<P style="margin-top:0pt; margin-bottom:10pt"><BR>
<BR></P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>- 8 -</P>
<P style="margin-top:0pt; margin-bottom:9.15pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; page-break-before:always"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt"><BR>
  <BR>
</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center>&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:9.15pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:10pt; page-break-before:always"><BR></P>

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{"company-data": {"conformed-name": "Citadel EFT, Inc.", "cik": "0001473971", "assigned-sic": "7389", "irs-number": "800473573", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-179233", "film-number": "12554373"}, "business-address": {"street1": "1100 IRVINE BOULEVARD", "street2": "SUITE 322", "city": "TUSTIN", "state": "CA", "zip": "92780", "phone": "714-730-8143"}, "mail-address": {"street1": "1100 IRVINE BOULEVARD", "street2": "SUITE 322", "city": "TUSTIN", "state": "CA", "zip": "92780"}}
ARCI Test S1A5
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
CITADEL EFT, INC.
(Exact name of Registrant as specified in its charter)
Nevada
80-0473573
(State or other jurisdiction ofincorporation or organization)
(I.R.S. EmployerIdentification No.)
1100 Irvine Blvd., Suite 322
Tustin, CA 92780
(Address of Principal Executive Offices, including ZIP Code)
Xirinachs Non-Employee Consulting Agreement
(Full title of the plan)
National Registered Agents, Inc. of NV
1000 East William St, Suite 204
Carson City, NV 89701
(Name and address of agent for service)
(800) 520-6724
(Telephone number, including area code, of agent for service)
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the ExchangeAct. (Check one):
Large accelerated filer[ ]
Accelerated filer [ ]
Non-accelerated filer (Do not check if a smaller reporting company)  [ ]
Smaller Reporting Company [X]
CALCULATION OF REGISTRATION FEE
Title of Securities
to be Registered
Amount of
Shares
to be Registered
Proposed
Maximum
Offering
Price Per Share(1)
Proposed
Maximum
Aggregate
Offering Price
(1)
Amount of
Registration
Fee
$0.00001 par value common stock
6,000,000
$0.16
$960,000
$110.02
(1)
The Proposed maximum offering price per share and Proposed maximum aggregate offering price are estimated in accordance with Rule 457(c) and (h) promulgated under the Securities Act solely for the purpose of calculating the amount of the registration fee, based on the average of the high and low sales prices per share of the Registrant's Common Stock on OTC Markets Inc. for a 5 day average between January 18, 2012 and January 24, 2012.
- 1 -
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Note:
The document(s) containing the information specified in this part I will be sent or given to employees as specified by Rule 428(b)(1) (§230.428(b)(1)).  Such documents need not be filed with the Commission either as part of this registration statement or as prospectuses or prospectus supplements pursuant to Rule 424 (§230.424).  These documents and the documents incorporated by reference in the registration statement pursuant to Item 3 or Part II of this, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.
See
Rule 428(a)(1) (§230.428(a)(1)).
Part II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The Registrant hereby incorporates by reference in this Registration Statement the following documents and information filed with the Commission:
(a) The Annual Report on Form 10-K for the fiscal year ended September 30, 2010, as filed with the Commission on January 13, 2011;
(b) The Quarterly Report filed on Form 10-Q for the quarterly period ended December 31, 2010, as filed with the Commission on February 8, 2011;
(c) The Quarterly Report filed on Form 10-Q for the quarterly period ended March 31, 2011, as filed with the Commission on May 6, 2011
(d) The Quarterly Report filed on Form 10-Q for the quarterly period ended June 30, 2011, as filed with the Commission on August 3, 2011;
(e)The Current Reports on Form 8-K filed with the Commission on August 17, 2011;, September 19, 2011, and September 20, 2011 and January 4, 2012.
(f) The description of the Common Stock contained in the Registration Statement on Form S-1 as filed with the Commission on February 12, 2010 pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), as amended by its Form S-1/A as filed with the Commission on May 28, 2010, July 20, 2010, August 17, 2010, and September 8, 2010, including any amendment or report filed for the purpose of updating such description.
(g) Certificate of Amendment to Articles of Incorporation filed September 2, 2011 and Amendment to Articles of Incorporation dated September 6, 2011.
(h) The Annual Report on Form 10-K for the fiscal year ended September 30, 2011, as filed with the Commission on December 19, 2011.
(i) The Certificate of Amendment to Certificate of Designation filed with the Nevada Secretary of State on December 30, 2011.
Nothing in this Registration Statement shall be deemed to incorporate information furnished but not filed on a Current Report on Form 8-K.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this
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Registration Statement to the extent that a statement incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities
.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
None
Item 6.  Indemnification of Directors and Officers
Section 78.7502 of the Nevada Revised Statutes permits a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, except an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses, including attorneys' fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action, suit or proceeding if he:
(a)
is not liable pursuant to Nevada Revised Statute 78.138, or
(b)
acted in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.
In addition, Section 78.7502 permits a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses, including amounts paid in settlement and attorneys' fees actually and reasonably incurred by him in connection with the defense or settlement of the action or suit if he:
(a)
is not liable pursuant to Nevada Revised Statute 78.138; or
(b)
acted in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation.
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To the extent that a director, officer, employee or agent of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to above, or in defense of any claim, issue or matter, the corporation is required to indemnify him against expenses, including attorneys' fees, actually and reasonably incurred by him in connection with the defense.
Section 78.752 of the Nevada Revised Statutes allows a corporation to purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director, officer, employee or agent of the corporation or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out of his status as such, whether or not the corporation has the authority to indemnify him against such liability and expenses.
Other financial arrangements made by the corporation pursuant to Section 78.752 may include the following:
(a)
creation of a trust fund;
(b)
the establishment of a program of self-insurance;
(c)
the securing of its obligation of indemnification by granting a security interest or other lien on any assets of the corporation; and
(d)
the establishment of a letter of credit, guaranty or surety
No financial arrangement made pursuant to Section 78.752 may provide protection for a person adjudged by a court of competent jurisdiction, after exhaustion of all appeals, to be liable for intentional misconduct, fraud or a knowing violation of law, except with respect to the advancement of expenses or indemnification ordered by a court.
Any discretionary indemnification pursuant to NRS 78.7502, unless ordered by a court or advanced pursuant to an undertaking to repay the amount if it is determined by a court that the indemnified party is not entitled to be indemnified by the corporation, may be made by the corporation only as authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances. The determination must be made:
(a)
by the stockholders;
(b)
by the board of directors by majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding;
(c)
if a majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding so orders, by independent legal counsel in a written opinion, or
(d)
if a quorum consisting of directors who were not parties to the action, suit or proceeding cannot be obtained, by independent legal counsel in a written opinion.
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Charter Provisions and Other Arrangements of the Registrant
The Registrant is a Nevada corporation and, accordingly, is subject to the corporate laws under the Nevada Revised Statutes. Article XI of the Registrant's Bylaws contain the following indemnification provision for our directors and officers:
"
The Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the Corporation) by reason of the fact that such person is or was a Director, Trustee, Officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a Director, Trustee, Officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgment, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Corporation, and with respect to any criminal action or proceeding, had no reasonable cause to believe such person's conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo  contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which such person reasonably believed to be in or not opposed to the best interests of the Corporation, and with respect to any criminal action proceeding, had reasonable cause to believe that such person's conduct was unlawful."
Such indemnification provision is sufficiently broad to permit the Registrant to indemnify its executive officers and directors for liabilities (including reimbursement of expenses incurred) arising under the Securities Act.  The Registrant has current directors' and officers' liability insurance (D&O insurance) covering our directors and officers activities conducted for and on behalf of the Registrant up to the amount of $5 million in the aggregate.
The indemnification provisions in the Bylaws, and any indemnification agreements entered into between the Registrant and its directors or officers, may be sufficiently broad to permit indemnification of the Registrant's directors and officers for liabilities arising under the Securities Act. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. No pending material litigation or proceeding involving our directors, executive officers, employees or other agents as to which indemnification is being sought exists, and we are not aware of any pending or threatened material litigation that may result in claims for indemnification by any of our directors or executive officers.
Item 7.  Exemption from Registration Claimed.
Not applicable.
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Item 8.  Exhibits.
Description of Exhibit
4.2
Xirinachs Non-employee Consulting Compensation
5.2
Opinion of Counsel and Consent of Counsel
23.5
Consent of Malone Bailey Independent Registered Public Accounting Firm
23.6
Consent of Austin Legal Group, APC
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Item 9.  Undertakings
a.
The undersigned registrant hereby undertakes:
1.
To file, during any period in which offers or sales are being made pursuant to this Registration Statement, a post-effective amendment to this Registration Statement:
(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)
To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which is registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in "Calculation of Registration Fee" table in the effective registration statement;
(iii)
To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement; provided, however, that paragraphs (i) and (ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
2.
That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
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3.
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
b.
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
c.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions described under "Item 6—Indemnification of Directors and Officers", or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Irvine, State of California, on January 24, 2012.
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CITADEL EFT, INC.
By:
/s/ Gary DeRoos
Gary DeRoos
Chief Executive Officer
Director
By
/s/ Maria DeRoos
Maria DeRoos
Director
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Gary DeRoos his or her true and lawful attorneys-in-fact and agents with full power of substitution and resubstitution, for him or her and in his or her name, place, and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) and additions to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, and hereby grants to such attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or his substitute or substitutes may lawfully do or cause to be done by virtue hereof.
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Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Gary DeRoos
Gary DeRoos
Chairman of the Board, President, and Chief Executive Officer
January 27, 2012
/s/ Maria DeRoos
Director
January 27, 2012
Maria DeRoos
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