SOURCE: EffTec International, Inc.

January 28, 2014 09:15 ET

Efftec Enters Negotiations With Pleazers LTD for Potential Acquisition and Other Business Interactions

TULSA, OK--(Marketwired - Jan 28, 2014) - Efftec International, Inc. (PINKSHEETS: EFFI): Efftec is pleased to announce that we have engaged the principals with Pleazers LTD S.A., a holding company based in Costa Rica, in negotiations on a number of business fronts. As Efftec seeks to expand and diversify our holdings, Pleazers, and particularly the managing members of the company, provide the basis to do so. 

As a holding company, Pleazers has realized almost immediate success from its inception forward, and is actively engaged in its further expansion and diversification plans for 2014. Costa Rica is known world-wide as a progressive business hub with very close ties to the US and an active economy, particularly in the online gaming/gambling sector. The personnel of Pleazers have long-standing and very much active connections to the gaming sectors, which we see as having a high potential for collaboration between our two companies. Pleazers is also in the initial phases of licensing/franchising their highly successful wholly-owned retail establishment, established in 2012, a high-end 'green/organic' boutique located in the heart of San Jose, the country's capital.

As progress moves forward during these initial phases, both companies envision developing a very strong working relationship and enjoying a variety of collaborations. The Company will release more details at the earliest possible date, as negotiations proceed and developments warrant.

Efftec International, Inc. (PINKSHEETS: 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.

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).