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EFFTEC INTL INC : Efftec International, Inc. Corporate Update

09/19/2013 | 09:30am EDT

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.


Dr. Shawn Clinton CEO


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).

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

© Business Wire 2013
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