EFT Canada Inc.

EFT Canada Inc.

February 24, 2010 15:34 ET

EFT Canada Appoints Director

TORONTO, ONTARIO--(Marketwire - Feb. 24, 2010) - EFT Canada Inc. (TSX VENTURE:EFT), a publicly traded company based in Toronto Ontario, announced today that Mr. John Cerenzia has been appointed a Director.

Mr. Cerenzia is a graduate of the Canadian Institute of Management and has many years of experience with small capitalization companies. Mr. Cerenzia is currently a director of Talware Networxs, Greenock Resources Inc, and Kent Exploration Inc all listed on the TSX-V. 

Mr. Cerenzia has also served as president of Aquarius Investment Group, a private company, and worked for the Ontario Ministry of Transportation for 32 years.

With his extensive knowledge and active involvement in financing and management related to small capitalization companies, Mr. Cerenzia will immediately assist in ushering EFT Canada Inc. into its next phase of growth.

"EFT Canada is pleased to welcome Mr. Cerenzia to our board of directors and looks forward to his valuable contributions", stated Mr. Pasternak.

About EFT Canada

Founded in 2003, EFT Canada Inc. is a financial processing company that offers a complete solution to the collection and payment processing needs of small and medium sized business merchants, banks, credit unions, and other financial firms in Canada and the United States. The Company develops, maintains and delivers innovative electronic transaction processing technologies, such as customized electronic payment and collection processing solutions and gift and loyalty card services, by drawing on its operational and applications expertise. For more information, please visit www.eftcanada.com.

This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ significantly from those projected herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.

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