Efftec International, Inc. Corporate Update
September 19 2013 - 9:30AM
Business Wire
Efftec International, Inc. (OTC Market: EFFI) is pleased to
provide the following updates on recent and current Company
developments.
Effective as of August 15, 2013, Michael Pruitt has resigned his
position of interim CEO and Director of the Company, in order to
dedicate himself fully to his duties as CEO of Chanticleer
Holdings, Inc. (NASDAQ: HOTR). Mr. Pruitt leaves on fully amenable
terms and Chanticleer continues to hold an equity stake with the
Company.
Also effective as of August 15, James R. Ross, as well on
amenable terms, has resigned his position as Vice President of the
Company.
At the time of Mr. Pruitt and Mr. Ross’s resignations, the
Company appointed Dr. Shawn Clinton to the positions of CEO,
President, and Director.
Dr. Clinton stated, “I’d first like to give a great thanks to
the former management for their years of service to the Company.
During their tenures, Michael and Jim brought all their hard work,
dedication, and resources to bear for the benefit of the Company,
and in doing so, brought Efftec and its Subsidiaries to a number of
milestones. They always kept the best interests of our shareholders
at the forefront of their concerns, and myself and the Company will
do the same as we move Efftec forward in executing our strategies
and business development.”
Dr. Clinton went on to say, “As the Company has spent the last
few months focused on our short-, mid-, and long-term strategies,
as well as effectuating certain business, we have been a bit lax in
keeping our shareholders and the general public up to date on our
transactions and Company developments. Going forward, we intend to
keep the public fully informed of company affairs on an ongoing
basis.”
The Company will provide further updates shortly.
About Efftec International, Inc.:
Efftec International, Inc. is a holding company with multiple
wholly-owned subsidiaries. Efftec is active in the area of
acquisition and proprietary development of software, platforms,
sustainability technologies, and general improvements in the
efficiency scales in various industries.
Contact:
Dr. Shawn Clinton CEO
staff@efftec.com
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).