LAS VEGAS, NV--(Marketwired - Feb 3, 2016) - Efftec International, Inc. (OTC PINK: EFFI) is pleased provide a corporate update on its first six weeks as a public company.
Efftec International is pleased to announce that sales volume continues to be strong in its hardware business. As we continue to expand our presence, we believe we will continue to see steady organic growth across all business lines.
Our growth strategy also involves seeking strategic acquisitions. We are actively involved in advanced discussions with 2 hydroponic stores and a hydroponics equipment distributor for the purposes of developing B2B and B2C sales channels, expanding product offerings and expanding our brand presence. In addition, we are seeking to increase net equity by acquiring certain key assets such as Intellectual Property and Patents that would serve to protect our advancement in just recently adopted plant growth lighting technologies.
We are also excited to announce that Efftec is serving as a consultant to a newly licensed medical grower in Southern California. Efftec expects to provide financing, design, construction, equipment and on-going operational support as a partner to this facility.
Lastly, we are happy to announce that we have just recently begun work on the corporate web-sites showcasing our brands. The initial web site: www.RedLightBakers.com is up and running, while Budz Glasses, Xe lighting and Grow Shedz sites are currently in the beta phase. Efftec.com, our main site, is undergoing a complete redesign.
Dr. John Morris Jr. stated, "We are extremely pleased with our progress at this point as a publicly traded company. We are well capitalized, and have the resources to grow our business lines both organically and through acquisitions. We anticipate updating our investors with reportable events as they unfold over the next several weeks ahead. We would like to thank our shareholders for their continued support."
Efftec International, Inc. (OTC PINK: EFFI) is a holding company whose mission is to continue its steady growth and become a market leader through strategic acquisitions and organic growth. The company's core business focus is on sales of hardware and nutrients into the hydroponics and indoor growth markets.
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This Press Release may contain, among other things, certain forward-looking statements, including, without limitation, (i) statements with respect to the Company's plans, objectives, expectations and intentions; and (ii) other statements identified by words such as "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans" or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control).