SOURCE: EFactor Group Corp.

EFactor Group Corp.

August 11, 2015 09:30 ET

EFactor Group Corp. Appoints New Members to Its Board of Directors

New Directors to Help Company Meet NASDAQ Corporate Governance Standards

NEW YORK, NY--(Marketwired - Aug 11, 2015) -  EFactor Group Corp. (OTCQB: EFCTD) (OTCQB: EFCT) ("EFactor Group" or the "Company"), the premier business network for entrepreneurs designed to provide a variety of tools and business services to help drive business success, today announced it has appointed Robert Burnett and Leslie Green to its Board of Directors and established audit, compensation and nominating committees. The new directors will join EFactor Group's existing directors, including Thomas Trainer (Chairman of the Board), Brian Banmillier and members of the Company's management team. Mr. Burnett will serve on the audit committee and compensation committee, and Mr. Green will serve on the audit committee and nominating and corporate governance committee.

Mr. Burnett has over 30 years of experience in luxury real estate development and marketing and sales. He currently manages Burnett Partners, a South Carolina based real estate firm which he founded in 2013. From 2000 to 2013, Mr. Burnett served as the chief executive officer of Synthesis Realty Group LLC, a real estate firm which he co-founded in 2000 that markets and sells cutting-edge resort and residential projects domestically and internationally. Mr. Burnett also served in various senior positions with major real estate organizations including President and Global Head of Sales and Marketing for ResidenSea (USA), a European real estate venture, from 1996 to 2000, Head of Real Estate for Princeville Resort in Hawaii, from 1990 to 1993, Executive Vice President of M.J. Raynes, Inc., a New York real estate organization, from 1984 to 1990 and four years as an executive at Sotheby's International Realty, a real estate firm, from1980 to 1984. Mr. Burnett received a Bachelor of Arts degree from Bowdoin College and a Master of Business Administration degree from Columbia University. 

Mr. Green has 30 years of experience in the finance and technology industry. Currently, Mr. Green is the owner of Lex Associates LLP, a private equity company, where he has served as a non-executive director since 2003. From 1998 to 2003, Mr. Green was employed by Cap Gemini Ernst & Young UK plc, an accounting firm, where he initially served as the Head of UK Media Consulting and later served as Director of Innovation. Mr. Green also served in various senior positions including International Chief Executive Officer of Enterprise Software Inc., a computer software company, from 1995 to 1998, and Managing Director of Carlson Associates Ltd, a UK technology company, from 1990 to 1995. Mr. Green received a Bachelor of Science degree first class honors degree from Keele University in the UK.

The Company believes that the appointment of Messrs. Burnett and Green as well as the establishment of the new committees will help it meet the corporate governance requirements of the NASDAQ Capital Market, on which the Company is seeking to list its securities. However, there is no assurance that the Company's securities will be accepted for listing on the NASDAQ Capital Market.

"We have always adhered to the benefit of joint management, oversight and strategy contributions as a management team and with members of our Board as our Board developed throughout the years," began Adriaan Reinders, CEO of EFactor Group. "The addition of Messrs. Burnett and Green are consistent with our efforts to provide our shareholders with a high level of corporate governance. I look forward to their contributions and the oversight we welcome to ensure our decisions complement our business needs," Reinders concluded. 

About EFactor Group Corp.

EFactor Group Corp. is the premier business network for entrepreneurs designed to provide a variety of tools and business services to help drive business success. Through its wholly owned business services subsidiaries, EFactor Group provides its growing entrepreneurial community of over 1.9 million members with social networking and education, entrepreneur-focused business services, and financing opportunities including crowd funding. A proprietary selection and matching algorithm to offer specific content and resources tailored to each entrepreneur's unique business needs. With members in every country in all 196 countries in the world across 240 industry groups, EFactor Group has built the only comprehensive entrepreneurial community that serves as a source of inspiration and ideas on platform that also consolidates essential services to foster business growth.

EFactor Group's operations are categorized by the following Business Divisions:
1. Social Networking
2. Business Services
3. Funding options.

For more information about EFactor Group Corp. (EFCT) please visit: http://efactorgroup.com. Or see our company video here: http://ir.efactorgroup.com/videos/view/4/efactor-video

The EFactor.com Value - The Entrepreneurs Wingman

EFactor hosts a social network designed to support you as your business grows, along every step of your journey. We'll be there to congratulate you every time you win and will coach and inspire you whenever you feel frustrated by setbacks. You can count on us to connect you with the right people for you and your company and offer you the resources and talent that will help you succeed. We are highly motivated everyday people who genuinely care about our team and customers. We cheer each other on and have each other's back. We get to see our ideas come to life every single day. We're entrepreneurs, contributing our expertise to the community.

For more information or to become a member of EFactor, please visit: www.efactor.com

Cautionary Note on Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not statements of historical fact and often contain words such as "may," "will," "expect," "believe," "anticipate," "plan," "estimate," "seek," "could," "should," "intend," "potential," or words of similar meaning. Forward-looking statements are based on management's current expectations, beliefs, assumptions and estimates regarding our company, industry, economic conditions, government regulations, energy policies and other factors. These statements are subject to significant risks, uncertainties, and assumptions that are difficult to predict and could cause actual results to differ materially and adversely from those expressed or implied in the forward-looking statements. These risks include risk factors described from time to time in the reports and registration statements we file with the Securities and Exchange Commission, including those in our most recent Form 10-K and any updates thereto in our Forms 10-Q. There may be other risks and uncertainties that are not currently known to us or that we currently believe are not material. We make forward-looking statements based on currently available information, and we assume no obligation to, and expressly disclaim any obligation to, update or revise publicly any forward-looking statements made in this release, whether as a result of new information, future events or otherwise, except as required by law.

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