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<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0pt" align=right><FONT FACE="Times New Roman" COLOR=#000000><B>As filed with the Securities and Exchange Commission on September 17, 2012</B></FONT></P>
<P align=right style="margin-top:12pt; margin-bottom:0pt"><B>Registration No.&nbsp;000-54654</B></P>

<P style="line-height:16pt; margin-top:12pt; margin-bottom:0pt; font-size:14pt" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>Washington, D.C. 20549</B></P>

<P style="line-height:20pt; margin-top:12pt; margin-bottom:0pt; font-size:18pt" align=center><B>FORM S-8</B></P>
<P style="line-height:14pt; margin-top:12pt; margin-bottom:0pt; font-size:12pt" align=center><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B></P>

<P style="line-height:26pt; margin-top:12pt; margin-bottom:0pt; font-size:24pt" align=center><B>&nbsp;CITADEL EFT INC. </B></P>
<P style="margin:0pt" align=center>(Exact name of registrant as specified in its charter)</P>
<TABLE align="center" cellspacing=0 style="font-size:10pt">
  <TR><TD width=204.8></TD><TD width=22.45></TD><TD width=204.75></TD></TR>
<TR><TD valign=bottom width=273.067><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=bottom width=273><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=273.067><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt" align=center><B>Nevada</B></P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=273><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt" align=center><B>80-0473573</B></P>
</TD></TR>
<TR><TD valign=top width=273.067><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt" align=center>(State or other jurisdiction</P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=273><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt" align=center>(I.R.S. Employer</P>
</TD></TR>
<TR><TD valign=top width=273.067><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt" align=center>of incorporation or organization)</P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=273><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt" align=center>Identification No.)</P>
</TD></TR>
<TR><TD valign=top width=273.067><P style="margin:0pt; padding-right:0.8pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=273><P style="margin:0pt; padding-right:0.8pt" align=center>&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=273.067><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt" align=center><B>1100 Irvine Blvd.</B></P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=273><P style="margin:0pt; padding-right:0.8pt" align=center>&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=273.067><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt" align=center><B>Tustin, California </B></P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=273><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt" align=center><B>92780</B></P>
</TD></TR>
<TR><TD valign=top width=273.067><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt" align=center>(Address of Principal Executive Offices)</P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=273><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt" align=center>(Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin-top:15pt; margin-bottom:0pt" align=center><B>Contractual Agreement</B></P>
<P style="margin-top:18pt; margin-bottom:0pt" align=center>(Full title of the plan)</P>
<P style="margin-top:18pt; margin-bottom:0pt" align=center><B>Gary DeRoos<BR>
President/Chief Executive Officer<BR>
1100 Irvine Blvd. <BR>
Tustin, California 92780<BR>
</B>(Name and address of agent for service)</P>
<P style="margin-top:18pt; margin-bottom:0pt" align=center><B>(714)&nbsp;730-8143<BR>
</B>(Telephone number, including area code, of agent for service)</P>

<P style="margin-top:6pt; margin-bottom: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,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule&nbsp;12b-2 of the Exchange Act.</P>
<P style="margin-top:6pt; margin-bottom:0pt"><BR>
<BR></P>
<P align="center" style="margin-top:4pt; margin-bottom:0pt; page-break-before:always">-1-<BR>
<BR>
<BR></P>
<TABLE align="center" cellspacing=0 style="font-size:10pt">
  <TR><TD width=204.8></TD><TD width=22.45></TD><TD width=204.75></TD></TR>
<TR><TD valign=bottom width=273.067><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=273><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=273.067><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>Large accelerated filer <FONT FACE="Wingdings">o</FONT></P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=top width=273><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>Accelerated filer <FONT FACE="Wingdings">o</FONT></P>
</TD></TR>
<TR><TD valign=top width=273.067><P style="margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=top width=273><P style="margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=273.067><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>Non-accelerated filer <FONT FACE="Wingdings">o</FONT></P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=top width=273><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>Smaller reporting company <FONT FACE="Wingdings">x</FONT></P>
</TD></TR>
<TR><TD valign=top width=273.067><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>(Do not check if a smaller reporting company)</P>
</TD><TD valign=bottom width=29.933><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=top width=273><P style="margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>&nbsp;</P>
</TD><A NAME="FIS_REGISTRATION_FEE"></A><A NAME="FIS_UNIDENTIFIED_TABLE_3"></A></TR>
</TABLE>
<P style="margin-top:18pt; margin-bottom:0pt" align=center><B>CALCULATION OF REGISTRATION FEE</B></P>
<TABLE align="center" cellspacing=0 style="font-size:10pt">
  <TR><TD width=3.2></TD><TD width=199></TD><TD width=6.3></TD><TD width=6.25></TD><TD width=40.8></TD><TD width=6.3></TD><TD width=6.25></TD><TD width=36.4></TD><TD width=6.4></TD><TD width=6.35></TD><TD width=56.15></TD><TD width=6.4></TD><TD width=6.35></TD><TD width=39.15></TD><TD width=3.9></TD><TD width=2.8></TD></TR>
<TR><TD valign=bottom width=4.267><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=265.333><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=54.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=48.533><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.533><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.467><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.533><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.467><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=52.2><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.933 colspan=2><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD></TR>
<TR><TD style="border-bottom:3pt double #000000" valign=bottom width=576 colspan=16><P style="margin:0pt; padding-right:14.8pt; font-size:5pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=4.267><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=265.333><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=54.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=48.533><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Proposed Maximum</B></P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.533><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.467><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Proposed Maximum</B></P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.533><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.467><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=57.4 colspan=2><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Amount of</B></P>
</TD><TD valign=bottom width=3.733><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=4.267><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=265.333><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Title of Securities</B></P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=54.4><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Amount to be</B></P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=48.533><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Offering Price</B></P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.533><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.467><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Aggregate Offering</B></P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.533><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.467><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=57.4 colspan=2><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Registration</B></P>
</TD><TD valign=bottom width=3.733><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=4.267><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=265.333><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>to be Registered</B></P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=54.4><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Registered (1)</B></P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.333><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=48.533><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Per Share (2)</B></P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.533><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.467><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Price (2)</B></P>
</TD><TD style="border-right:0.75pt solid #000000" valign=bottom width=8.533><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=8.467><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=bottom width=57.4 colspan=2><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center><B>Fee</B></P>
</TD><TD valign=bottom width=3.733><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD></TR>
<TR><TD style="border-top:0.75pt solid #000000" valign=bottom width=4.267><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD style="border-top:0.75pt solid #000000" valign=bottom width=265.333><P style="line-height:11.2pt; margin:0pt; padding-left:11.25pt; padding-right:0.8pt; text-indent:-11.25pt; font-size:8pt">Common Stock, par value $0.00001 per share<BR>
&nbsp;</P>
</TD><TD style="border-top:0.75pt solid #000000; border-right:0.75pt solid #000000" valign=bottom width=8.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD style="border-top:0.75pt solid #000000" valign=bottom width=8.333><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD style="border-top:0.75pt solid #000000" valign=top width=54.4><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>100,000,000 shares</P>
</TD><TD style="border-top:0.75pt solid #000000; border-right:0.75pt solid #000000" valign=bottom width=8.4><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD style="border-top:0.75pt solid #000000" valign=bottom width=8.333>&nbsp;</TD><TD style="border-top:0.75pt solid #000000" valign=top width=48.533><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>$0.04 </P>
</TD><TD style="border-top:0.75pt solid #000000; border-right:0.75pt solid #000000" valign=bottom width=8.533><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD style="border-top:0.75pt solid #000000" valign=bottom width=8.467><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD style="border-top:0.75pt solid #000000" valign=top width=74.867><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>$4,000,000.00(3)</P>
</TD><TD style="border-top:0.75pt solid #000000; border-right:0.75pt solid #000000" valign=bottom width=8.533><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD style="border-top:0.75pt solid #000000" valign=bottom width=8.467><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD>
<TD style="border-top:0.75pt solid #000000" valign=top width=57.4 colspan=2><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt" align=center>458.40</P></TD>
<TD style="border-top:0.75pt solid #000000" valign=bottom width=3.733><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD></TR>
<TR><TD style="border-top:3pt double #000000" valign=bottom width=576 colspan=16><P style="margin:0pt; padding-right:14.8pt; font-size:5pt">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="line-height:3pt; margin:0pt"><BR></P>
<TABLE align="center" cellspacing=0 style="font-size:10pt">
  <TR><TD width=84.85></TD><TD width=28.7></TD><TD width=318.45></TD></TR>
<TR><TD width=113.133>&nbsp;</TD><TD width=38.267>&nbsp;</TD><TD width=424.6>&nbsp;</TD></TR>
<TR><TD valign=top width=113.133><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt">(1)</P>
</TD><TD valign=top width=38.267><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=top width=424.6><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt">Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, the number of shares of common stock registered under this registration statement will automatically be increased to cover any additional shares of the registrant&#146;s common stock that become issuable with respect to the securities registered hereunder by reason of any stock split, stock dividend, extraordinary dividend, combination of shares, mergers, consolidations, recapitalizations or other similar transactions.</P>
</TD></TR>
<TR><TD width=113.133><P style="margin:0pt; padding-right:0.8pt; font-size:5pt">&nbsp;</P>
</TD><TD valign=top width=462.867 colspan=2>&nbsp;</TD></TR>
<TR><TD valign=top width=113.133><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt">(2)</P>
</TD><TD valign=top width=38.267><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=top width=424.6><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt">Estimated solely for the purpose of determining the amount of the registration fee in accordance with Rule 457(c) and (h)(1) under the Securities Act of 1933, as amended.</P>
</TD></TR>
<TR><TD width=113.133><P style="margin:0pt; padding-right:0.8pt; font-size:5pt">&nbsp;</P>
</TD><TD valign=top width=462.867 colspan=2>&nbsp;</TD></TR>
<TR><TD valign=top width=113.133><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt">(3)</P>
</TD><TD valign=top width=38.267><P style="margin:0pt; padding-right:0.8pt; font-size:8pt">&nbsp;</P>
</TD><TD valign=top width=424.6><P style="line-height:11.2pt; margin:0pt; padding-right:0.8pt; font-size:8pt">The proposed maximum offering price and registration fee are based upon the sum obtained by adding (i)&nbsp;the product of 100,000,000 &nbsp;shares of common stock registered hereby under the Contractual Agreement and other future contractual arrangements multiplied by $0.04 (the average of the high and low sales prices per share of common stock, as reported on the Over-the-Counter Bulletin Board on September 14, 2012, which is within five days of the filing of this registration statement.</P>
</TD></TR>
</TABLE>
<p>&nbsp;</p>
<div align="center">-2-
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<P style="margin-top:11.25pt; margin-bottom:0pt">&nbsp;&nbsp;&nbsp;</P>
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<P style="line-height:0.75pt; margin-top:11.25pt; margin-bottom:0pt" align=center><BR>
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<P style="margin:0pt; font-size:8pt; page-break-before:always"><B>&nbsp;<BIG>INCORPORATION BY REFERENCE OF PRIOR REGISTRATION STATEMENT</BIG></B></P>
<P style="margin-top:6pt; margin-bottom:0pt" align=justify>This Registration Statement on Form S-8 is filed by Citadel EFT Inc., a Nevada corporation (the &#147;Company&#148;) relating to 100,000,000 shares of its common stock, par value $0.001 per share (the &#147;Common Stock&#148;), issuable under that certain Contractual Agreement and future contractual arrangements.</P>
<P style="margin-top:18pt; margin-bottom:0pt" align=center><B>PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>
<P style="margin-top:12pt; margin-bottom:0pt"><B>Item&nbsp;3. Incorporation of Documents by Reference</B></P>
<P style="margin-top:6pt; margin-bottom:0pt" align=justify>The following documents previously filed by the Company with the Securities and Exchange Commission (the &#147;SEC&#148;) are incorporated herein by reference into this Registration Statement, other than any portions of the respective filings that were furnished rather than filed (pursuant to Item 2.02 or Item&nbsp;7.01 of the Current Reports on Form 8-K or other applicable SEC rules):</P>
<P style="line-height:6pt; margin:0pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=9.35></TD><TD width=13.4></TD><TD width=5.35></TD><TD width=403.9></TD></TR>
<TR><TD valign=top width=12.467><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=17.867><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt">(a)</P>
</TD><TD valign=top width=7.133><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=538.533><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt">The Company&#146;s Registration Statement on Form S-1 filed with the SEC on February 12, 2010 and amended on May 28, 2010, July 20, 2010, August 17, 2010 and September 8, 2010 (SEC File No.&nbsp;333-164882);</P>
</TD></TR>
<TR><TD width=12.467><P style="margin:0pt; padding-right:0.8pt; font-size:6pt">&nbsp;</P>
</TD><TD valign=top width=563.533 colspan=3>&nbsp;</TD></TR>
<TR><TD valign=top width=12.467><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=17.867><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt">(b)</P>
</TD><TD valign=top width=7.133><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=538.533><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt">The Company&#146;s Quarterly Report on Form 10-Q for the quarter ended December 31, 2011 filed with the SEC on February 3, 2012; the Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 filed with the SEC on May 14, 2012 and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 filed with the SEC on August 5, 2012 (SEC File No.&nbsp;333-164882);</P>
</TD></TR>
<TR><TD width=12.467><P style="margin:0pt; padding-right:0.8pt; font-size:6pt">&nbsp;</P>
</TD><TD valign=top width=563.533 colspan=3>&nbsp;</TD></TR>
<TR><TD valign=top width=12.467><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=17.867><P style="line-height:13.5pt; margin:0pt; padding-right:0.8pt">(c)</P>
</TD><TD valign=top width=7.133><P style="margin:0pt; padding-right:0.8pt">&nbsp;</P>
</TD><TD valign=top width=538.533><P style="line-height:normal; margin:0pt; padding-right:0.8pt">Description of the Company's common stock contained or incorporated in the registration statements filed by the Company under the Securities Act of 1933, including any amendments or reports filed for the purpose of updating such description. </P>
</TD></TR>
<TR><TD width=12.467><P style="margin:0pt; padding-right:0.8pt; font-size:6pt">&nbsp;</P>
</TD><TD valign=top width=563.533 colspan=3>&nbsp;</TD></TR>
</TABLE>
<P style="margin-top:5pt; margin-bottom:0pt" align=justify>All documents filed by the Company pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), (excluding any information furnished pursuant to Item&nbsp;2.02 or Item&nbsp;7.01 on any Current Report on Form 8-K or other applicable SEC rules) subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents.</P>
<P style="margin-top:5pt; margin-bottom:0pt" align=justify><B>Item 4. Description of Securities.</B></P>
<P style="margin-top:5pt; margin-bottom:0pt" align=justify>The class of securities to be offered is registered under Section 12(g) of the Exchange Act; however, references to the Company's currently authorized securities are dispersed among several documents.&nbsp;&nbsp;Moreover, as described below, the Company and the holders of a majority of the outstanding shares of common stock have authorized an amendment to the certificate of incorporation to increase the number of shares of common stock the Company is authorized to issue.</P>
<P style="margin-top:5pt; margin-bottom:0pt" align=justify>The following description of our capital stock summarizes the material terms and provisions of the indicated securities.&nbsp;&nbsp;For the complete terms of our common stock, please refer to our certificate of incorporation and bylaws that we have filed with the SEC.&nbsp;&nbsp;The terms of these securities may also be affected by the Nevada Revised Statutes. </P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><U>General</U></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=justify>We are authorized to issue 1,000,000,000 shares of common stock, $0.00001 par value per share (&quot;Common Stock&quot;) of which 195,824,960 shares have been issued.&nbsp;&nbsp;</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=center>-3-<BR>
<BR></P>

<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><U>Common Stock</U></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>The holders of our common stock:</P>
<P style="margin:0pt" align=justify><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=72></TD><TD width=23></TD><TD width=480></TD></TR>
<TR><TD width=72>&nbsp;</TD><TD width=23>&nbsp;</TD><TD width=480>&nbsp;</TD></TR>
<TR><TD valign=top width=72>&nbsp;</TD><TD valign=top width=23><P style="margin:0pt" align=justify>1.</P>
</TD><TD valign=top width=480><P style="margin:0pt" align=justify>Have equal ratable rights to dividends from funds legally available therefore, when, as and if declared by the Board of Directors;</P>
</TD></TR>
<TR><TD valign=top width=72>&nbsp;</TD><TD valign=top width=23><P style="margin:0pt" align=justify>2.</P>
</TD><TD valign=top width=480><P style="margin:0pt" align=justify>Are entitled to share ratably in all of assets available for distribution to holders of common stock upon liquidation, dissolution, or otherwise winding up of corporate affairs;</P>
</TD></TR>
<TR><TD valign=top width=72>&nbsp;</TD><TD valign=top width=23><P style="margin:0pt" align=justify>3.</P>
</TD><TD valign=top width=480><P style="margin:0pt" align=justify>Do not have preemptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights; and</P>
</TD></TR>
<TR><TD valign=top width=72>&nbsp;</TD><TD valign=top width=23><P style="margin:0pt" align=justify>4.</P>
</TD><TD valign=top width=480><P style="margin:0pt" align=justify>Are entitled to one vote per share on all matters on which stockholders may vote.</P>
</TD></TR>
</TABLE>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><B>Common Stock</B></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>The Company has issued 195,824,960 shares of common stock to date held by 35 shareholders of record.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>All shares of common stock now outstanding are fully paid for and non-assessable and all shares of common stock which are the subject of this offering, when issued, will be validly issued, fully paid for, non-assessable and free of preemptive rights.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><B>Preemptive Rights</B></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>No holder of any shares of the Company&#146;s stock has preemptive or preferential rights to acquire or subscribe to any unissued shares of any class of stock or any unauthorized securities convertible into or carrying any right, option or warrant to subscribe for or acquire shares of any class of stock not disclosed herein.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><B>Non-Cumulative Voting</B></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>Holders of the Company's common stock do not have cumulative voting rights, which means that the holders of more than 50% of the outstanding shares, voting for the election of directors, can elect all of the directors to be elected, if they so choose, and, in such event, the holders of the remaining shares will not be able to elect any directors.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><B>Dividend Policy</B></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>As of the date of this Registration Statement, the Company has never declared nor paid any cash dividends to stockholders. The declaration of any future cash dividend will be at the discretion of the Board of Directors and will depend upon earnings, if any, capital requirements, our financial position, general economic conditions, and other factors deemed pertinent by the Board of Directors. The Company does not anticipate declaring any stock or cash dividends on our common and preferred (should any be issued) stock in the foreseeable future.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt"><B>Item 5.&nbsp;&nbsp;Interests of Named Experts and Counsel</B></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt">Inapplicable.</P>
<P align="center" style="margin:0pt">&nbsp;</P>
<P align="center" style="margin:0pt">&nbsp;</P>
<P align="center" style="margin:0pt">-4-</P>
  <P align="center" style="margin:0pt">&nbsp;</P>
<P style="margin:0pt"><B>Item 6.&nbsp;&nbsp;Indemnification of Directors and Officers</B></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=justify>The Company's Articles of Incorporation and Bylaws provide for the indemnification of any present or former director or officer. The Company indemnifies any director, officer, employee or agent who is successful on the merits or otherwise in defense on any action or suit. Such indemnification shall include, but not necessarily be limited to, expenses, including attorney's fees actually or reasonably incurred by him. </P>
<P style="margin:0pt" align=justify><BR>
<BR></P>
<P style="margin:0pt; page-break-before:always" align=justify>Nevada law also provides for discretionary indemnification for each person who serves as or at our request as an officer or director. We may indemnify such individual against all costs, expenses and liabilities incurred in a threatened, pending or completed action, suit or proceeding brought because such individual is a director or officer. Such individual must have conducted himself in good faith and reasonably believed that his conduct was in, or not opposed to, our best interests. In a criminal action, he must not have had a reasonable cause to believe his conduct was unlawful.<FONT COLOR=#FF0000><B>. </B></FONT></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>Under our Articles of Incorporation and Bylaws of the corporation, the Company may indemnify an officer or director who is made a party to any proceeding, including a lawsuit, because of his or her position, if he or she acted in good faith and in a manner he or she reasonably believed to be in the Company&#146;s best interest. The Company may advance expenses incurred in defending a proceeding. To the extent that the officer or director is successful on the merits in a proceeding as to which he or she is to be indemnified, the Company must indemnify the officer or director against all expenses incurred, including attorney&#146;s fees. With respect to a derivative action, indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is judged liable, then only by a court order. The indemnification coverage is intended to be to the fullest extent permitted by applicable laws.</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=justify>Regarding indemnification for liabilities arising under the Securities Act of 1933, which may be permitted to officers or directors under applicable state law, the Company is informed that, in the opinion of the Securities and Exchange Commission, indemnification is against public policy, as expressed in the Act and is, therefore, unenforceable. </P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><B>Item 7.&nbsp;&nbsp;Exemption From Registration Claimed</B></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt; text-indent:36pt">Inapplicable.</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><B>Item 8. &nbsp;Exhibit List </B></P>
<P style="margin:0pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=36.05></TD><TD width=395.95></TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">3.1</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">Certificate of Incorporation, as amended (incorporated by reference as Exhibit 3.1 of the Company's Registration Statement on Form S-1 filed on February 2, 2010).</P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">3.3</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">Bylaws of the Company (incorporated by reference as Exhibit 3.3 of the Company's Registration Statement on Form S-1 filed on February 2, 2010).</P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">5&nbsp;</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">Legal Opinion of Diane D. Dalmy, Attorney at Law </P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">23.1</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">Consent of Counsel (included in Exhibit 5)</P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">23.2&nbsp;</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">Consent of Independent Registered Public Accounting Firm&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">24&nbsp;</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">Power of Attorney (included in signature pages to this registration statement)&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=48.067><P style="line-height:13.5pt; margin:0pt">99.1</P>
</TD><TD valign=top width=527.933><P style="line-height:13.5pt; margin:0pt">Multimedia Contractual Agreement</P>
</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P align="center" style="margin:0pt">-5-</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><B>Item 9.&nbsp;&nbsp;Undertakings</B></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=justify>The undersigned registrant hereby undertakes:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt" align=justify>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt" align=justify>(i)&nbsp;&nbsp;&nbsp;To include any prospectus required by Section 10(a)(3) of the Securities Act;</P>
<P style="margin:0pt" align=justify><BR></P>

<P style="margin:0pt; text-indent:36pt; page-break-before:always" align=justify>(ii)&nbsp;&nbsp;To reflect in the prospectus any facts or events arising after the effective date of the 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 the registration statement;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt" align=justify>(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-3 or Form S-8, and 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 Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt" align=justify>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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></P>
<P style="margin:0pt; text-indent:36pt" align=justify>(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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" align=justify><BR></P>
<P style="margin:0pt" align=justify>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&#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" align=justify><BR></P>
<P style="margin:0pt; " 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 foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.&nbsp;&nbsp;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.</P>
<P align="center" style="margin:0pt">&nbsp;</P>
<P align="center" style="margin:0pt">&nbsp;</P>
<P align="center" style="margin:0pt">-6-</P>
<P align="center" style="margin:0pt">&nbsp;</P>
<P style="margin:0pt" align=center><B>SIGNATURE</B></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" 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 Tustin, California on September 17, &nbsp;2012.</P>
<P style="margin:0pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=216></TD><TD width=17.3></TD><TD width=198.7></TD></TR>
<TR><TD valign=top width=288><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=288 colspan=2><P style="line-height:13.5pt; margin:0pt"><B>CITADEL EFT, INC. &nbsp;</B></P>
</TD></TR>
<TR><TD valign=top width=288><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=23.067><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=264.933><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=288><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=23.067><P style="line-height:13.5pt; margin:0pt">By:</P>
</TD><TD style="border-bottom:1.5pt solid #000000" valign=top width=264.933><P style="line-height:13.5pt; margin:0pt"><I>/s/ Gary DeRoos</I></P>
</TD></TR>
<TR><TD valign=top width=288><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=23.067><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=264.933><P style="line-height:13.5pt; margin:0pt">Gary DeRoos</P>
</TD></TR>
<TR><TD valign=top width=288><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=23.067><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=264.933><P style="line-height:13.5pt; margin:0pt">President/Chief Executive Officer</P>
</TD></TR>
</TABLE>
<P align="center" style="margin:0pt">&nbsp;</P>
<P align="center" style="margin:0pt">&nbsp;</P>
<P style="margin:0pt" align=center>-7-</P>
<P align="center" style="margin:0pt">&nbsp;</P>
<P style="margin:0pt" align=center>POWER OF ATTORNEY</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=justify>KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Gary DeRoos, as his attorney-in-fact, with full power of substitution, for him in any and all capacities, to sign any amendments to this Registration Statement on Form S-8 and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that the said attorney-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof.</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=justify>Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the dates indicated.</P>
<P style="margin:0pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=147.9></TD><TD width=11.85></TD><TD width=130.2></TD><TD width=11.85></TD><TD width=130.2></TD></TR>
<TR><TD valign=bottom width=197.2><P style="line-height:13.5pt; margin:0pt">Signature:</P>
</TD><TD valign=bottom width=15.8><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=173.6><P style="line-height:13.5pt; margin:0pt">Capacity:</P>
</TD><TD valign=bottom width=15.8><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=173.6><P style="line-height:13.5pt; margin:0pt">Date:</P>
</TD></TR>
<TR><TD valign=bottom width=197.2><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=15.8><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=173.6><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=15.8><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=173.6><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="border-bottom:1.5pt solid #000000" valign=top width=197.2><P style="line-height:13.5pt; margin:0pt"><I>/s/ Gary DeRoos</I></P>
</TD><TD valign=bottom width=15.8><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=173.6><P style="line-height:13.5pt; margin:0pt">President and Director</P>
</TD><TD valign=bottom width=15.8><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=173.6><P style="line-height:13.5pt; margin:0pt">September 17, 2012</P>
</TD></TR>
<TR><TD valign=top width=197.2><P style="line-height:13.5pt; margin:0pt">Gary DeRoos</P>
</TD><TD valign=bottom width=15.8><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=173.6><P style="line-height:13.5pt; margin:0pt">(Principal Executive Officer and Principal Financial Officer)</P>
</TD><TD valign=bottom width=15.8><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD><TD valign=top width=173.6><P style="line-height:13.5pt; margin:0pt">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=197.2><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=bottom width=15.8><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=top width=173.6><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=bottom width=15.8><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=top width=173.6><P style="margin:0pt">&nbsp;</P>
</TD></TR>
</TABLE>
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<P align="center" style="margin:0pt">&nbsp;</P>
<P align="center" style="margin:0pt;">-8-</P>
<P align="center" style="margin:0pt">&nbsp;</P>
<P style="margin-top:11.25pt; margin-bottom:0pt" align=center>&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:11.25pt; margin-bottom:0pt" align=center>&nbsp;&nbsp;</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": "333-183990", "film-number": "121100142"}, "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"}}
As filed with the Securities and Exchange Commission on September 17, 2012
Registration No. 000-54654
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
(I.R.S. Employer
of incorporation or organization)
Identification No.)
1100 Irvine Blvd.
Tustin, California
92780
(Address of Principal Executive Offices)
(Zip Code)
Contractual Agreement
(Full title of the plan)
Gary DeRoos
President/Chief Executive Officer
1100 Irvine Blvd.
Tustin, California 92780
(Name and address of agent for service)
(714) 730-8143
(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 Exchange Act.
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Large accelerated filer
o
Accelerated filer
o
Non-accelerated filer
o
Smaller reporting company
x
(Do not check if a smaller reporting company)
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Amount of
Title of Securities
Amount to be
Offering Price
Aggregate Offering
Registration
to be Registered
Registered (1)
Per Share (2)
Price (2)
Fee
Common Stock, par value $0.00001 per share
100,000,000 shares
$0.04
$4,000,000.00(3)
458.40
(1)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, the number of shares of common stock registered under this registration statement will automatically be increased to cover any additional shares of the registrant's common stock that become issuable with respect to the securities registered hereunder by reason of any stock split, stock dividend, extraordinary dividend, combination of shares, mergers, consolidations, recapitalizations or other similar transactions.
(2)
Estimated solely for the purpose of determining the amount of the registration fee in accordance with Rule 457(c) and (h)(1) under the Securities Act of 1933, as amended.
(3)
The proposed maximum offering price and registration fee are based upon the sum obtained by adding (i) the product of 100,000,000  shares of common stock registered hereby under the Contractual Agreement and other future contractual arrangements multiplied by $0.04 (the average of the high and low sales prices per share of common stock, as reported on the Over-the-Counter Bulletin Board on September 14, 2012, which is within five days of the filing of this registration statement.
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INCORPORATION BY REFERENCE OF PRIOR REGISTRATION STATEMENT
This Registration Statement on Form S-8 is filed by Citadel EFT Inc., a Nevada corporation (the "Company") relating to 100,000,000 shares of its common stock, par value $0.001 per share (the "Common Stock"), issuable under that certain Contractual Agreement and future contractual arrangements.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents previously filed by the Company with the Securities and Exchange Commission (the "SEC") are incorporated herein by reference into this Registration Statement, other than any portions of the respective filings that were furnished rather than filed (pursuant to Item 2.02 or Item 7.01 of the Current Reports on Form 8-K or other applicable SEC rules):
(a)
The Company's Registration Statement on Form S-1 filed with the SEC on February 12, 2010 and amended on May 28, 2010, July 20, 2010, August 17, 2010 and September 8, 2010 (SEC File No. 333-164882);
(b)
The Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2011 filed with the SEC on February 3, 2012; the Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 filed with the SEC on May 14, 2012 and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 filed with the SEC on August 5, 2012 (SEC File No. 333-164882);
(c)
Description of the Company's common stock contained or incorporated in the registration statements filed by the Company under the Securities Act of 1933, including any amendments or reports filed for the purpose of updating such description.
All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), (excluding any information furnished pursuant to Item 2.02 or Item 7.01 on any Current Report on Form 8-K or other applicable SEC rules) subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents.
Item 4. Description of Securities.
The class of securities to be offered is registered under Section 12(g) of the Exchange Act; however, references to the Company's currently authorized securities are dispersed among several documents.  Moreover, as described below, the Company and the holders of a majority of the outstanding shares of common stock have authorized an amendment to the certificate of incorporation to increase the number of shares of common stock the Company is authorized to issue.
The following description of our capital stock summarizes the material terms and provisions of the indicated securities.  For the complete terms of our common stock, please refer to our certificate of incorporation and bylaws that we have filed with the SEC.  The terms of these securities may also be affected by the Nevada Revised Statutes.
General
We are authorized to issue 1,000,000,000 shares of common stock, $0.00001 par value per share ("Common Stock") of which 195,824,960 shares have been issued.
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Common Stock
The holders of our common stock:
1.
Have equal ratable rights to dividends from funds legally available therefore, when, as and if declared by the Board of Directors;
2.
Are entitled to share ratably in all of assets available for distribution to holders of common stock upon liquidation, dissolution, or otherwise winding up of corporate affairs;
3.
Do not have preemptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights; and
4.
Are entitled to one vote per share on all matters on which stockholders may vote.
Common Stock
The Company has issued 195,824,960 shares of common stock to date held by 35 shareholders of record.
All shares of common stock now outstanding are fully paid for and non-assessable and all shares of common stock which are the subject of this offering, when issued, will be validly issued, fully paid for, non-assessable and free of preemptive rights.
Preemptive Rights
No holder of any shares of the Company's stock has preemptive or preferential rights to acquire or subscribe to any unissued shares of any class of stock or any unauthorized securities convertible into or carrying any right, option or warrant to subscribe for or acquire shares of any class of stock not disclosed herein.
Non-Cumulative Voting
Holders of the Company's common stock do not have cumulative voting rights, which means that the holders of more than 50% of the outstanding shares, voting for the election of directors, can elect all of the directors to be elected, if they so choose, and, in such event, the holders of the remaining shares will not be able to elect any directors.
Dividend Policy
As of the date of this Registration Statement, the Company has never declared nor paid any cash dividends to stockholders. The declaration of any future cash dividend will be at the discretion of the Board of Directors and will depend upon earnings, if any, capital requirements, our financial position, general economic conditions, and other factors deemed pertinent by the Board of Directors. The Company does not anticipate declaring any stock or cash dividends on our common and preferred (should any be issued) stock in the foreseeable future.
Item 5.  Interests of Named Experts and Counsel
Inapplicable.
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Item 6.  Indemnification of Directors and Officers
The Company's Articles of Incorporation and Bylaws provide for the indemnification of any present or former director or officer. The Company indemnifies any director, officer, employee or agent who is successful on the merits or otherwise in defense on any action or suit. Such indemnification shall include, but not necessarily be limited to, expenses, including attorney's fees actually or reasonably incurred by him.
Nevada law also provides for discretionary indemnification for each person who serves as or at our request as an officer or director. We may indemnify such individual against all costs, expenses and liabilities incurred in a threatened, pending or completed action, suit or proceeding brought because such individual is a director or officer. Such individual must have conducted himself in good faith and reasonably believed that his conduct was in, or not opposed to, our best interests. In a criminal action, he must not have had a reasonable cause to believe his conduct was unlawful.
.
Under our Articles of Incorporation and Bylaws of the corporation, the Company may indemnify an officer or director who is made a party to any proceeding, including a lawsuit, because of his or her position, if he or she acted in good faith and in a manner he or she reasonably believed to be in the Company's best interest. The Company may advance expenses incurred in defending a proceeding. To the extent that the officer or director is successful on the merits in a proceeding as to which he or she is to be indemnified, the Company must indemnify the officer or director against all expenses incurred, including attorney's fees. With respect to a derivative action, indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is judged liable, then only by a court order. The indemnification coverage is intended to be to the fullest extent permitted by applicable laws.
Regarding indemnification for liabilities arising under the Securities Act of 1933, which may be permitted to officers or directors under applicable state law, the Company is informed that, in the opinion of the Securities and Exchange Commission, indemnification is against public policy, as expressed in the Act and is, therefore, unenforceable.
Item 7.  Exemption From Registration Claimed
Inapplicable.
Item 8.  Exhibit List
3.1
Certificate of Incorporation, as amended (incorporated by reference as Exhibit 3.1 of the Company's Registration Statement on Form S-1 filed on February 2, 2010).
3.3
Bylaws of the Company (incorporated by reference as Exhibit 3.3 of the Company's Registration Statement on Form S-1 filed on February 2, 2010).
5
Legal Opinion of Diane D. Dalmy, Attorney at Law
23.1
Consent of Counsel (included in Exhibit 5)
23.2
Consent of Independent Registered Public Accounting Firm
24
Power of Attorney (included in signature pages to this registration statement)
99.1
Multimedia Contractual Agreement
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Item 9.  Undertakings
The undersigned registrant hereby undertakes:
(1)           To file, during any period in which offers or sales are being made, 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 the 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 the registration statement;
(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-3 or Form S-8, and 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 Section 15(d) of the Exchange Act that are incorporated by reference in the 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.
(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.
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.
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 foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange 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.
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SIGNATURE
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 Tustin, California on September 17,  2012.
CITADEL EFT, INC.
By:
/s/ Gary DeRoos
Gary DeRoos
President/Chief Executive Officer
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POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Gary DeRoos, as his attorney-in-fact, with full power of substitution, for him in any and all capacities, to sign any amendments to this Registration Statement on Form S-8 and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that the said attorney-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature:
Capacity:
Date:
/s/ Gary DeRoos
President and Director
September 17, 2012
Gary DeRoos
(Principal Executive Officer and Principal Financial Officer)
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