SOURCE: EffTec International

May 04, 2016 10:30 ET

Efftec International Inc. Acquires Majority Interest in The Future Farms® Retail Indoor Garden and Hydroponics Center Located in Miami, Florida

LAS VEGAS, NV--(Marketwired - May 4, 2016) - Efftec International Inc. (OTC PINK: EFFI) is pleased to announce it has acquired a majority interest in an established and profitable Indoor Gardening and Hydroponics Retail Center Located in Miami, Florida, trademarked The Future Farms®, www.thefuturefarms.com. Terms of the acquisition involve a combination of cash and restricted stock. Part of the cash provided will be used to increase inventory as Future Farms gears up for the expected passage of the Florida Medical Marijuana legislation.

The Future Farms® was founded in 2005 and for the past 11 years has operated as a retail store and more recently added an online retailer presence selling indoor and hydroponic plant grow equipment. With 2015 single store sales close to $1M USD including actual net profits and a projected sales increase in 2016, The Future Farms® makes an excellent foundational retail acquisition for Efftec. This acquisition, while complementary to our core business, will provide a solid base of revenue and earnings as Efftec continues to organically grow. We are extremely pleased to welcome Mr. Gustavo Torres, who founded, owns and operates The Future Farms® and is well known expert in the gardening space, to our Company.

Mr. Torres will join Dr. Jack Morris and Brian Tucker as the third member of the Efftec Board of Directors. This addition will allow the working board members to further separate areas of responsibility and take a major step towards Efftec's strategic plan. As previously stated Efftec will focus on providing advanced growing equipment, facilities and consulting. To this end Efftec is focused on making additional acquisitions in the hydroponics marketplace to achieve maximum synergy between companies.

The Future Farms® will act as our consumer retail brand allowing us to support the sales of our unique product lines, Red Light Bakers, XE Lighting, Budz GrowShades, Gro Shedz personal grow systems as well as other product brands as developed. The following better describes our vertical business units focuses and business structure:

1. Product Brands, Efftec will develop and sell its unique product brands and is actively seeking nutrient companies for acquisition allowing Efftec to supply the high volume consumable items hydroponic stores sell.

2. Distribution B2B, The acquisition of The Future Farms® brings with it decades old buying relationships with wholesale distribution companies allowing Efftec to rapidly expand its hydroponic retail locations throughout Florida in advance of the potential changes to Florida laws this November which are project to increase single store annual revenues to $1.5M-$2M USD.

3. Retail B2C, Efftec expects the acquisition of The Future Farms® and the addition of Mr. Gustavo Torres to rapidly accelerate our hydroponic retail sales efforts and expansion efforts via acquisition of other brick and mortar and online hydroponic retailers.

4. Turn-Key Consulting, Efftec will expand on its signed lease agreement to provide turnkey grow facilities and expertise, Efftec is actively seeking additional opportunities to leverage our expertise via leasing & financing fully automated, self-contained grow facilities.

Mr. Gustavo Torres said, "This is a great opportunity for The Future Farms®. I have worked with Brian for almost a decade importing millions of dollars in products from his companies. We are excited to be working with him and Jack in this new venture. This step better positions The Future Farms® to take advantage of the expected near doubling in business based on Florida's vote this November. I look forward to leading our retail expansion efforts and to working with the Efftec team."

Efftec is now recording an average of $200,000+ of top line sales revenue each quarter. Efftec is now majority owner of the $200,000+ product inventory and business assets held at The Future Farms®. Efftec will now have the means to sell its unique brands through its retail stores. Efftec is well positioned to grow, is assembling a great management team and is grateful for your support as we grow.

Lastly, the Efftec website has been under construction for the past few months, it will be corrected in the coming weeks. Your patience is appreciated.

Efftec International, Inc. (OTC PINK: EFFI) is a holding company whose mission is to continue its steady growth and become a market leader through strategic acquisitions and organic growth. The company's core business focus is on sales of hardware and nutrients into the hydroponics and indoor growth markets

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)

Contact Information

  • For more information please contact:
    Efftec International, Inc.
    (888)-420-4213