Efftec International Inc. Announces Reverse Merger of Dynamic Hydroponics and Indoor Plant Growth Company
Date : 12/17/2015 @ 9:30AM
Source : InvestorsHub NewsWire
Stock : Efftec International, Inc. (PN) (EFFI)
Quote : 0.00535 0.0 (0.00%) @ 8:00AM
Efftec International Inc. Announces Reverse Merger of Dynamic Hydroponics and Indoor Plant Growth Company
Efftec International Inc. Announces Reverse Merger of Dynamic Hydroponics and Indoor Plant Growth Company
LAS VEGAS, NV -- December 17, 2015 -- InvestorsHub NewsWire -- Efftec International, Inc. (OTC: EFFI) is pleased to announce the reverse merger of Red Light Bakers, LLC and its complimentary sister companies (collectively RLB). RLB has no debt and is currently generating positive cash flow. In consideration for this transaction RLB was issued 160 MM restricted common shares of stock making it the majority owner.
The newly merged companys core business focus is on sales of hardware and nutrients into the hydroponics and indoor plant growth markets. RLB has secured exclusive rights to distribute a commercial nutrient line into the hydroponics and indoor plant growth markets, has received orders to supply private label plant grow lighting, has an established edible line of baking mixes and brings a developed line of indoor grow light safety sunglasses.
Brian Tucker and Dr. John (Jack) Morris have been named President and CEO respectively. In addition, Dr. Morris was named Chairman and Mr. Tucker will be a member of the Board of Directors. The company plans on bringing on additional members to its Board and is targeting executives with experience commensurate with the Companys core business.
Mr. Tucker has worked in the garden industry for over 15 years including almost 3 years as a General Manager Expatriate in Shanghai China establishing a $150 MM procurement office for Fiskars Corporation, a manufacturer and distributor of mass merchant/big box garden products. He brings over 8 years of sales into the hydroponic and indoor plant growth markets. Most recently he successfully started, managed and sold an indoor plant grow lighting business with total sales of over $11M USD.
Tucker brings over 8 years of sales into the hydroponic and indoor plant growth markets. He successfully started, managed and sold an indoor plant grow lighting business with total sales of over $11M USD. Dr. Morris, an engineering Ph.D., brings a wealth of experience including management positions in Bell Laboratories and Lucent Technologies. Recently Dr. Morriss has focused on emerging growth business opportunities, raising and managing capital for LED lighting and other technology businesses. With his background in engineering, manufacturing and operations management, he will focus on making prudent acquisitions and seamless integrations to optimize shareholder value.
While Company execs see exponential organic growth within the business, management has also identified several acquisition opportunities. These acquisitions will rapidly expand the Companys distribution and product portfolio.
Dr. John Morris said, "We would like to thank shareholders of EFFI as we implemented this reverse merger. We are excited about our future and look forward to sharing new and exciting material events with our shareholders as they unfold.
We plan on updating shareholders periodically on
Date : 12/17/2015 @ 9:30AM
Source : InvestorsHub NewsWire
Stock : Efftec International, Inc. (PN) (EFFI)
Quote : 0.00535 0.0 (0.00%) @ 8:00AM
Efftec International Inc. Announces Reverse Merger of Dynamic Hydroponics and Indoor Plant Growth Company
Efftec International Inc. Announces Reverse Merger of Dynamic Hydroponics and Indoor Plant Growth Company
LAS VEGAS, NV -- December 17, 2015 -- InvestorsHub NewsWire -- Efftec International, Inc. (OTC: EFFI) is pleased to announce the reverse merger of Red Light Bakers, LLC and its complimentary sister companies (collectively RLB). RLB has no debt and is currently generating positive cash flow. In consideration for this transaction RLB was issued 160 MM restricted common shares of stock making it the majority owner.
The newly merged companys core business focus is on sales of hardware and nutrients into the hydroponics and indoor plant growth markets. RLB has secured exclusive rights to distribute a commercial nutrient line into the hydroponics and indoor plant growth markets, has received orders to supply private label plant grow lighting, has an established edible line of baking mixes and brings a developed line of indoor grow light safety sunglasses.
Brian Tucker and Dr. John (Jack) Morris have been named President and CEO respectively. In addition, Dr. Morris was named Chairman and Mr. Tucker will be a member of the Board of Directors. The company plans on bringing on additional members to its Board and is targeting executives with experience commensurate with the Companys core business.
Mr. Tucker has worked in the garden industry for over 15 years including almost 3 years as a General Manager Expatriate in Shanghai China establishing a $150 MM procurement office for Fiskars Corporation, a manufacturer and distributor of mass merchant/big box garden products. He brings over 8 years of sales into the hydroponic and indoor plant growth markets. Most recently he successfully started, managed and sold an indoor plant grow lighting business with total sales of over $11M USD.
Tucker brings over 8 years of sales into the hydroponic and indoor plant growth markets. He successfully started, managed and sold an indoor plant grow lighting business with total sales of over $11M USD. Dr. Morris, an engineering Ph.D., brings a wealth of experience including management positions in Bell Laboratories and Lucent Technologies. Recently Dr. Morriss has focused on emerging growth business opportunities, raising and managing capital for LED lighting and other technology businesses. With his background in engineering, manufacturing and operations management, he will focus on making prudent acquisitions and seamless integrations to optimize shareholder value.
While Company execs see exponential organic growth within the business, management has also identified several acquisition opportunities. These acquisitions will rapidly expand the Companys distribution and product portfolio.
Dr. John Morris said, "We would like to thank shareholders of EFFI as we implemented this reverse merger. We are excited about our future and look forward to sharing new and exciting material events with our shareholders as they unfold.
We plan on updating shareholders periodically on
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“Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt.”
― Sun Tzu, The Art of War
EFFI NEW MMJ Company. Started buying 0.0025. Looking for 0.05 plus
TXHD Amazing SMS text marketing company with low float, strong management, BMA securities onboard for move to Nasdaq down the road. Long term buy and hold.
Disclaimer My investment selections are based on my own intense and extensive due diligence of the companies, their management and the business plan. Do your own due diligence before investing in any securities.
My favorite paid chat plays are at Penny Stock Lounge http://www.pennystocklounge.com/ Worth the 7 day free trial. I am member and make big money on their chart plays. Very much worth checking out.
I am not a promoter of investments. I am an investor, period! I do enjoy squeezing short sellers when the opportunity arises which is fairly often considering Small cap Nasdaq stocks and OTC stocks are shorted by brokerage houses in the US and internationally. I prefer Big Board stocks over Penny stocks! Everyone should study Deepcapture.com and watch the online movie http://www.deepcapturethemovie.com before investing in any stocks on any exchange so they understand how the markets really work and prepare themselves. In microcap stocks I like to trade around a core position and that philosophy has served me very well over the last two decades. The majority of my money is invested in big board stocks. I only speculate with 5% of my portfolio in non listed OTC plays, mainly in the Marijuana sector.
“Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt.”
― Sun Tzu, The Art of War
