SOURCE: EFactor Group Corp.

EFactor Group Corp.

November 13, 2015 10:53 ET

EFactor Group Launches Pan-Asia Membership Drive With Opening of Hong Kong Office

Newly-Opened Hong Kong Office Staffed to Support and Grow Asian Membership of EFactor and ELEQT Networks to two Million Members by 2017

NEW YORK, NY--(Marketwired - Nov 13, 2015) -  EFactor Group Corp. (OTCQB: EFCT) ("EFactor Group", the "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 the opening of a Hong Kong Office opening to support and grow EFactor and ELEQT membership throughout Asia.

EFactor Group's Social Networks division has been active in Hong Kong, China and Singapore since 2009 and currently has over 200,000 EFactor.com and ELEQT members in Asia. The Group's newly-opened Hong Kong office will be staffed by Ravindra Ngo and Logan Alleshouse, both successful entrepreneurs and marketing experts with a combined 20 years of business services sales and marketing experience in Asia. In coordination with the Group's global strategy, EFactor's Hong Kong-based staff will manage membership services, create and co-author entrepreneurial content, drive member outreach, develop and schedule live and web-based seminars and coordinate co-marketing efforts with brand-leading companies in Hong Kong such as Quintassentially, Inc.

"Hong Kong is well known for its entrepreneurial spirit and is host to some of the most successful entrepreneurs in the world," began Marion Freijsen, COO of EFactor Group Corp. "This spirit of entrepreneurism across the region has also been widely reported in China where Chinese entrepreneurs' stories and success have become equally legendary. China quickly became one of our five top markets when we launched EFactor.com in 2008 and we have hosted dozens of events including a "Made for China" global event in which 4 top US universities competed with 4 top Chinese universities for the best business idea. We have spoken at major conferences in China, been interviewed on Ding Ding TV and traveled widely throughout China to meet with members and witnessed entrepreneurial efforts at every stop. Our subsidiary, ELEQT, has also experienced similar levels of growth and opportunity for their 40,000 members who we are actively connecting to EFactor.com's network. We are excited to now solidify our growth in the region through the establishment of a staffed office and increased presence in the market," Freijsen concluded.

"Asia and Hong Kong are tailor-made markets for the Social Networks division," began Ruud Smeets, President of social networks at EFactor Group. "The value of networking is very strong throughout Asia and exclusive and highly-focused networks of ELEQT and EFactor.com have developed a strong following in a short period of time. Asia also provides us with many companies and brands with whom we can collaborate and cross market our live and web-based events and seminars with their target audiences, most of whom are part of our social networks already. Our goal is to increase our membership in Asia 10-fold to 2.0 million members by the end of 2017," Smeets concluded.

EFactor Group - Hong Kong has initiated plans to host 50 seminars and events for its members in Hong Kong, Singapore and China throughout 2016. In addition to the coordination and planning of events, the Company's Hong Kong office staff is targeting a 100% increase in membership such as in Asia by the end of 2016 by growing membership in current markets and expanding to other markets like Japan, Taiwan, Malaysia and Indonesia. 

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 2.0 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. (OTCQB: EFCT) please visit: http://efactorgroup.com. Or see our company video here: http://ir.efactorgroup.com/videos/view/4/efactor-video

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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