SOURCE: EFT BioTech Holdings, Inc.

June 17, 2008 08:30 ET

EFT Biotech Announces the Appointment of CFO

CITY OF INDUSTRY, CA and HONG KONG--(Marketwire - June 17, 2008) - EFT BioTech Holdings, Inc. (PINKSHEETS: EFTB), today announced that it has appointed Sharon Tang as its new Chief Financial Officer. EFT BioTech Holdings was launched in Los Angeles in 1998. EFTB is an E-Business company serving its consumers with its world-class American made products, through its online business platform and through its Affiliate network.

Sharon Tang has extensive professional experience in serving emerging growth companies. Her most recent position was as CFO of an alternative energy company. Her extensive knowledge was instrumental in taking them from the OTC BB to the NASDAQ in a little bit over a year. Her resume is highlighted with positions such as managing director for the First Federal Group of Companies Inc. and the Empire Market Focus, Inc. group. Additionally she was a trade and marketing manager for Standard Forex Inc. as well as financial advisor at Smith Barney /Citi group. She holds a Master of Business Administration degree from Baruch College. She holds a Bachelors degree in Science Chemistry from Peking University of China and a Masters in Chemical Engineering from the University of Rochester.

"I'm very delighted and honored to join the exciting team at EFTB under the guidance of Mr. Jack Qin, who is known as an industry innovator," said Ms. Tang of her new employer. "EFTB has the making of a trendsetter. While making tremendous strides in the past few years EFTB is poised to set new standards in the Business to Consumer world. I am looking forward to immediately applying my experiences and knowledge in the public markets to take this dynamic company to the next level."

Mr. Jack Qin, CEO and chairman of EFTB stated, "I am very eager to put to use Ms. Tang's skills to our emerging business plan. Her unique experiences and extensive knowledge of the U.S. public markets make her a perfect fit for the direction and the long term goals of our company."

About EFT BioTech, Inc.

EFT BioTech, Inc. is an E-Business Company serving consumers with EFTB's world class products, through an online business platform as its primary means to attract and cultivate its Affiliate network program. EFTB consumers can become EFTB Affiliates by sharing EFTB's products information with other potential consumers. EFTB offers its Affiliate network a portfolio of world class products to market, and a robust infrastructure through which to receive payments and manage their customer referral sales. For more information please visit www.EFTB.us.

Safe Harbor for Forward-Looking Statements

Statements made in this release with the respect to the Company's current plans, estimates, strategies and beliefs and other statements that are not historical are forward-looking statements. Forward-looking statements include, but are not limited to, those statements using words such as "believe," "expect," "plans," "strategy," prospects," "forecast," "estimate," "project," "anticipate," "aim," "may" or "might" and words of similar meaning in connection with a discussion of future operations, financial performance, vents or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management's assumptions and belief in light of the information currently available to it. The company cautions you that a number of important risks and uncertainties could cause actual results to materially differ from those discussed in the forward-looking statements, and therefore, you should not place undue reliance on them. You also should not rely on any obligation of the Company to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The company disclaims any such obligation unless required by law. Risks and uncertainties that might affect the Company include, but are not limited to (i) the global economic environment in which the Company operates, as well as the economic conditions in the Company's markets, (ii) levels of consumer spending, and (iii) exchange rates, particularly between the Chinese Yen and the U.S. Dollar. Risks and uncertainties also include the impact of any future events with material adverse impacts.

Contact Information

  • Contact:
    John Tsemberides
    44 Wall Street 12th floor
    New York, N.Y. 10005
    O: 212-400-2337
    C: 917-734-1524
    john@informedir.com