TULSA, OK--(Marketwired - Mar 5, 2014) - Efftec International, Inc. (OTC: EFFI), a holding company focused on direct acquisition and development in growth industries, is pleased to announce that it has entered into negotiations with various parties involved in the medical marijuana ("MMJ") sectors.
The Company has been carefully analyzing all the relevant points and developments in the MMJ sector for some time, in terms of legality, general public acceptance, and actual potential for growth in the short, mid, and long-term. At this point, we believe not just that the market and the people have spoken in this regard, but that wide-scale acceptance of legal marijuana is a near-certainty.
Efftec is in various stages of negotiation with several parties, while performing all the necessary due diligence on particular assets and opportunities being considered. We expect to provide a material update on the progress of these negotiations within a short time.
Dr. Clinton, CEO of Efftec, stated that "As a holding company, Efftec has the flexibility to respond to changing markets and trends, and to seize opportunities as they come about. We firmly believe that both MMJ and the general marijuana sector will see rapid, yet steady growth for the years to come. In our current negotiations, we are focused on establishing a diversified footprint within the MMJ marketplace."
Efftec International, Inc. (OTC: EFFI) is a holding company with four operating subsidiaries. Efftec's core focus is on the acquisition and development of proprietary technologies. The Company is actively expanding its footprint in the technology marketplace through acquisitions of profitable, revenue-producing companies with proven business models.
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).