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
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
Dr. Shawn Clinton CEO
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).
Efftec International, Inc.
Dr. Shawn Clinton, 1-866-601-2639