SOURCE: EFT BioTech Holdings, Inc.

August 12, 2009 06:00 ET

EFT BioTech Holdings Announces Acceptances From Two Additional Independent Board of Directors

CITY OF INDUSTRY, CA--(Marketwire - August 12, 2009) - EFT BioTech Holdings, Inc. (PINKSHEETS: EFTB)

EFTB, a proprietary e-commerce solutions company serving consumers with "Made in the USA" health, beauty and nutriceutical products, is pleased to announce that it has accepted the appointment for the two remaining Board of Director positions.

EFTB has accepted the appointments for Jerry B. Lewin and Visman Chow filling the remaining two independent seats for the Board of Directors. Mr. Lewin is the current Senior Vice President for Hyatt Hotel Corporation in charge of Field Operations. Mr. Lewin oversees the operation of 23 Hyatt Hotels throughout the East Coast and Canada including the Flag Ship Hotel, the Grand Hyatt New York, in Mid-Town Manhattan. Mr. Lewin also serves on several Board of Directors and foundation appointments including the New York City Hotel Association and the New York Law Enforcement Foundation. Mr. Chow is the Chief Lending Officer and Board of Director Member for Universal Bank and has over 20 years' banking and financial experience. From 1979 to 1988 Mr. Chow held various positions at Union Bank where he managed a commercial real estate portfolio of approximately $50 million.

"Rounding out our Board of Directors with such accomplished individuals is a testament as to the confidence in the direction EFT is heading," stated Jack Qin, CEO and President of EFT BioTech. "We have now established our 5 person Board of Directors with 2 Company officers and 3 independent Directors to help guide EFTB to a common goal of future success."

About EFT BioTech Holdings, Inc.

EFT BioTech Holdings, Inc. is a Nevada Corporation, which conducts its business through wholly owned subsidiaries and various vested interests. EFT is a worldwide business to consumer marketing company utilizing a large individual membership base to sell proprietary personal products and other unique services. Headquartered in Southern California the Company services members primarily in Asia, Eastern Europe and Latin America. The Company anticipates the advent of new products and services further fueling future growth.

Safe Harbor for Forward-Looking Statements

This release may contain forward-looking statements. Investors are encouraged to review regulatory filings prior to investment consideration. Past performance is no guarantee of future success. The Company is in a rapid growth sector that may or may not continue to grow in the future and therefore poses risks that may be different than other investments. Management regularly provide news and additional information believed to be true and accurate at the time of dissemination but has no requirement to modify, comment or change in the future should circumstance change or information prove to be inaccurate for any reason. Additionally, the Company makes every effort to comply wit all applicable law and regulatory concerns but cannot assure investors of any material changes outside of their best efforts.

Contact Information


  • Investors and Media Contact
    Edward Carter
    Director of Investor Relations
    702-561-1790