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 http://www.otcmarkets.com/stock/EFFI/filings
using the "Additional Disclosures" feature. Please see this
link for updates regarding our recent filings and disclosures."
For more information please contact: John (Jack) Morris at
609.504.0494.