LAS VEGAS, NV--(Marketwired - Nov 9, 2016) - Efftec International, Inc. (OTC PINK: EFFI) is pleased to announce that it is increasing its revenue forecast, based on the continued strong sales of our core products throughout all our lines of business. Sales have continued to strengthen in anticipation of the Florida vote and are now expected to remain strong. We now project at least doubling top line sales this quarter and for business to accelerate into early 2017.
As a reminder, Efftec and its affiliates provide nutrients, lighting and other products to the gardening industry. In addition, we are also exploring synergies with our recently acquired HempLife® subsidiary which will sell hemp-based products to consumers through multiple retail outlets.
We now can accurately project that we will be cash flow positive immediately. We will actively seek only traditional bank financing such as business lines of credit and will not need to receive additional toxic financing.
Efftec CEO Dr. Jack Morris said, "We are extremely pleased with the vote in Florida. Based on purchase orders we currently have, our future has never looked brighter not only short term, but also long term as more people seek to grow clean, sustainable plants for their own consumption. I want to also remind investors that we are always seeking to grow via acquisition, and given the strength in our current balance sheet and cash on hand, we are actively pursuing this path."
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.
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