SOURCE: EFT BioTech Holdings

June 24, 2008 08:30 ET

EFT BioTech CEO to Visit Prime Minister of Vietnam to Further Discuss New Business Opportunities

EFT BioTech CEO Jack Qin Will Also Be the Keynote Speaker at a Conference in Hong Kong for 800 Key EFT Sales Leaders From China, Russia, Vietnam and Hong Kong

CITY OF INDUSTRY, CA and HONG KONG--(Marketwire - June 24, 2008) - EFT BioTech Holdings, Inc. (PINKSHEETS: EFTB) today announced that it has accepted a special invitation by the prime minister of Vietnam to visit Hanoi to further discuss new business opportunities. 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.

By special invitation from the Prime Minister of Vietnam, EFTB' s Chairman and CEO, Mr. Jack Qin, will be visiting Hanoi and other cities in Vietnam at the end of June to explore various business opportunities. Private meetings held on previous visits with the Prime Minister Nguyen Tan Dung focused on three different areas of necessity: 1) EFTB developing a line of nutritional products to be distributed in Vietnam, 2) developing particular products to be manufactured in Vietnam for export as a way to stimulate its economy, 3) developing other investment and business opportunities in the "green" market of eco-friendly products.

"A noticeable increase in consumer demands for eco-friendly products and services, as well as a nutritional line for the Vietnamese people, has led us to the realization of increased market opportunities for our company," commented Mr. Jack Qin, CEO and chairman of EFTB. "For the Prime Minister to hold our company in such high regard is a great honor and a privilege. I am very grateful and humbled by this special invitation. We will release additional information once negotiations are completed," said Chairman Qin.

While in Asia, Mr. Qin will be the keynote speaker at a conference in Hong Kong for 800 key EFT BioTech sales leaders from China, Russia, Vietnam and Hong Kong. When asked about his plans to discuss EFT BioTech, and its design for expansion into other countries in Asia-Pacific and Europe he commented, "I feel extremely honored by this opportunity to speak at the upcoming conference in Hong Kong; I believe there are many new and lucrative opportunities to be offered to our sales leaders."

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

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