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Cardiff International, Inc. Acquires Repicci's Italian Ice

/ -- FORT LAUDERDALE, FL -- (Marketwired) -- 08/16/16 -- Cardiff International, Inc. (OTC PINK: CDIF): Alex Cunningham, President/Chief Executive Officer of Cardiff International, Inc., announced today in an 8-K, the acquisition of "FDR Enterprises, Inc., Repicci's Franchise Group, LLC, and Refreshment Concepts, LLC, all (DBA) Repicci's Italian Ice" with offices in Maryville, Tennessee has been finalized.

Dominic Francesco Repicci emigrated from Messina, Italy to America in 1911; he brought his family's Old World recipe for Italian ice. At first, Dominic shared his family's delicious Italian treat with friends and neighbors in South Philadelphia. It wasn't long before Dominic found himself busy producing his family's unique product to meet an overwhelming demand.

Dominic's grandson, Frank Repicci, continued his grandfather's passion for offering quality Italian treats. Frank opened a manufacturing plant in Tennessee in 1998, which initially supplied concessions for the Chattanooga parks and recreation facilities. The popularity of Repicci's Italian Ice grew rapidly throughout the Southeastern United States. Franchising began in 2005, starting out as seasonal tents that would pop up at spring and summertime events. These trailblazers continued to gain loyal fans for Repicci's one-of-a-kind products, and in 2014 it was decided to include mobile trailers in our franchising model.

Repicci's has over 40 franchises nationwide, where Repicci's products are manufactured on a large scale in Selmer, Tennessee, enabling the Company to meet a nationwide demand. Repicci's Italian Ice is enjoyed by millions of people in thousands of locations. Frank Repicci states, "What makes Repicci's unique is we take Repicci's products to the customers where they are, rather than waiting for them to come to us." Currently Repicci's sells delicious Real Italian Ice, Gelato, Italian-Roasted Coffee and Hot Chocolate. Specializing at events from fairs, festivals, sporting events, rodeos, reunions and even weddings, the Repicci's Italian Ice & Gelato food truck are suited for any occasion or event. Frank's partner Cam Crawford adds, "We are thrilled to become part of the Cardiff family and know with their collaborative support and knowledge we can grow this Company exponentially."

Cunningham states, "I have worked with Repicci's Italian Ice for several years and have watched them grow from their beginning to present, to become a strong and profitable business. What makes this business such an attractive model for our portfolio is the growth opportunity in franchising and building tangible hard assets with a highly lucrative accounts receivable. We are thrilled to have them part of the Cardiff family."

About CDIF:

CDIF is newly emerging as a holding company that adopted a new business model known as "Collaborative Commonwealth," a new form of governance enabling businesses to take advantage of the power of a public Company. Targeting the acquisition of undervalued, niche companies with high growth potential, income-producing commercial real estate properties and high return investments, all designed to pay a dividend to our shareholders.


This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. These risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.

Cardiff International, Inc.