SOURCE: EffTec International, Inc.

Efftec International, Inc.

April 07, 2014 13:25 ET

Efftec International, Inc. Announces New Chief Executive Officer

TULSA, OK--(Marketwired - Apr 7, 2014) - Efftec International, Inc. (OTC: EFFI), a holding company focused on direct acquisition and development in growth industries, announced today that Mr. Alexander Desousa has joined the Company as its new Chief Executive Officer.

Alex comes to the Company as the ideal executive given our current focus and plans for 2014 and beyond, holding dual degrees in Systems Analysis and Accounting from the Toronto School of Business and the prestigious Ryerson University, with additional certificates in Economic Analysis, Oracle 9i Administration, SAP-FICO ERP Implementation, SQL Database Design, Financial Analysis, ISO 9000 Auditing, and many more.

Alex's career before joining the Company has been focused within the Technology sector, having played integral roles within Hewlett Packard, Scotiabank, TD Securities (Canada), RBC Technologies Group, Rogers, AT&T, and many others. In brief, Alex brings an extensive background of accounting, auditing, database management and development, credit and risk management, software development, and project management experience to the Company.

Commensurately with Alex's appointment, Dr. Shawn Clinton has tendered his resignation as Chief Executive Officer. Dr. Clinton stated that "In conferring with Alex over the past month, it became clear that with his background, and the skill-set he could bring to the Company, the most beneficial action for our shareholders was to bring him fully in as our Chief Executive Officer. I have no reservations in saying that Alex is extremely well-qualified and has the vision to take Efftec to the next level. I'd like to thank all of our shareholders for their support over the last year."

Efftec International, Inc. (OTC: EFFI) is a holding company with three 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 valuable IP and existing 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).

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