Efftec International, Inc. Receives $100,000 Credi
Post# of 225
Posted On: 08/09/2016 9:08:17 AM
Efftec International, Inc. Receives $100,000 Credit Facility From Regions Bank in Tampa
LAS VEGAS, NV--(Marketwired - Aug 9, 2016) - Efftec International, Inc., (OTC PINK: EFFI), a supplier of hardware and nutrients for the hydroponics and indoor plant growth markets, is pleased to announce that it received an unsecured line of credit from Regions Bank in Tampa, Fla., in the amount of $80,000 at 7 percent per annum to fund the Company's expansion plans. In addition, the Company was issued an additional $20,000 credit card for working capital needs and to improve the ability for the Company to use merchant banking with its suppliers. The Company plans on filing the Line of Credit in its supplemental filings located on http://www.otcmarkets.com.
As previously announced, as a result of its recent acquisition of The Future Farms (http://www.thefuturefarms.com), a refreshed and relaunched business-to-consumer (B2C) eCommerce website platform is now available. In addition, Red Light Bakers, LLC, a wholly-owned subsidiary of the Company, continues to receive repeat purchase orders from a Detroit-based customer for its high-intensity discharge (HID) grow lamps and the Company continues to implement its consumer branding strategy with a unique product line that includes Red Light Bakers, XE Lighting, Budz Grow Shades, Gro Shedz personal grow systems as well as other products currently in development.
Based on these developments, the Company now expects business to accelerate quickly as the State of Florida enters one of its primary growing seasons. Dr. John Morris, CEO of Efftec International, Inc. noted, "We are very pleased and excited to be working with Regions Bank as they see our business growing profitably by extending business credit. In addition, we will not have to tap the equity markets for any toxic financing based on the amount of credit we were provided. We are now cash flow positive and see no need for additional financing in the short term. We continue to look for accretive acquisitions that would increase our return on investment to our shareholders."
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.
Safe Harbor :
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).
CONTACT INFORMATION
Efftec International, Inc.
(888)-420-4213
LAS VEGAS, NV--(Marketwired - Aug 9, 2016) - Efftec International, Inc., (OTC PINK: EFFI), a supplier of hardware and nutrients for the hydroponics and indoor plant growth markets, is pleased to announce that it received an unsecured line of credit from Regions Bank in Tampa, Fla., in the amount of $80,000 at 7 percent per annum to fund the Company's expansion plans. In addition, the Company was issued an additional $20,000 credit card for working capital needs and to improve the ability for the Company to use merchant banking with its suppliers. The Company plans on filing the Line of Credit in its supplemental filings located on http://www.otcmarkets.com.
As previously announced, as a result of its recent acquisition of The Future Farms (http://www.thefuturefarms.com), a refreshed and relaunched business-to-consumer (B2C) eCommerce website platform is now available. In addition, Red Light Bakers, LLC, a wholly-owned subsidiary of the Company, continues to receive repeat purchase orders from a Detroit-based customer for its high-intensity discharge (HID) grow lamps and the Company continues to implement its consumer branding strategy with a unique product line that includes Red Light Bakers, XE Lighting, Budz Grow Shades, Gro Shedz personal grow systems as well as other products currently in development.
Based on these developments, the Company now expects business to accelerate quickly as the State of Florida enters one of its primary growing seasons. Dr. John Morris, CEO of Efftec International, Inc. noted, "We are very pleased and excited to be working with Regions Bank as they see our business growing profitably by extending business credit. In addition, we will not have to tap the equity markets for any toxic financing based on the amount of credit we were provided. We are now cash flow positive and see no need for additional financing in the short term. We continue to look for accretive acquisitions that would increase our return on investment to our shareholders."
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.
Safe Harbor :
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).
CONTACT INFORMATION
Efftec International, Inc.
(888)-420-4213
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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
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