SOURCE: EFactor Group Corp.

EFactor Group Corp.

October 16, 2015 10:30 ET

RocketHub, an EFactor Group Company, Breaks Crowdfunding Record With Lunar Lion

Penn State's Lunar Lion Crowdfund $172,242 on RocketHub for First-Ever, University-Led Mission to Moon

NEW YORK, NY--(Marketwired - Oct 16, 2015) -  EFactor Group Corp. (OTCQB: EFCT) ("EFactor Group", the "Group" or the "Company"), the premier business network for entrepreneurs designed to provide a variety of tools and business services to help drive business success, today announced the Group's wholly-owned business in its Funding Division, RocketHub, broke a record crowdfunding level with Lunar Lion, Penn-State's university-lead mission to the moon.

Penn State's Lunar Lion is led by Michael Paul, Rocket Hub member since 2013. He is the Director of Space Systems Initiatives at Penn State's Applied Research Laboratory and the leader of Penn State's Lunar Lion. The Penn State Lunar Lion team is the only university-led team executing the first privately-funded mission to the surface of the Moon. More than160 students, guided by Penn State faculty and staff, as well as professionals from a host of companies, are responsible for the design, construction, testing, and operation of the Lunar Lion, which will land on the Moon, take off, land more than 500 meters from its original landing site and send video, images, and data back to Earth. 

The Lunar Lion project initiated its crowdfunding efforts with RocketHub in 2014 and is scheduled to run through January 17, 2016. The project has raised $172,242 as of October 15 through funding contributions by 1,109 followers of the project on RocketHub.com and $32,100 through a fund-matching program with Penn State University. Funds were raised through a combination of Lunar Lion-branded merchandise, the ability to send a funder's communications from the spacecraft back Earth and a funder's engravings added to a plaque to be left on the Moon. Rocket Hub featured pages of content and links on dedicated Lunar Lion pages, a posting section for comments and to engage with its crowdfunding supporters. 

In a collective comment, EFactor Group COO, Marion Freijsen, and Rocket Hub Co-Founder, Brian Meece added, "Empowering entrepreneurship and the vision and drive inherent in each idea is a fantastic endeavor to support," began Marion Freijsen. "It is not only traditional business ventures that are entrepreneurial, but in fact every idea that becomes a venture or journey to fruition. The ability for us to provide any or all such tools and services, like funding, is the ultimate goal of EFactor Group and its clients, like Lunar Lion, along the way."

"Our co-founder, Alon, and I looked at each other and said...this is going to be a great project!," stated Brian Meece, commenting on Lunar Lion's engagement with RocketHub. "We always envisioned RocketHub as a platform to fund ideas and dreams, whether those ideas are commercial, artistic, philanthropic, or in this case, interstellar. To have the Lunar Lion team sign up with us was a testament to this principle. The fact that their project and our network produced a record breaking crowdfunding result, yet growing, provides us and our followers' validation of our platform. Moreover, we have heard that the extent of content we provide on our site in; overviews, images, video and commentary, facilitates the crowdfunding dollars we can bring to the ideas, dreams, ventures and 'launches' of each client we serve."

About RocketHub
RocketHub is an international funding platform that has helped thousands of entrepreneurs raise millions of dollars. Part of RocketHub's mission is to educate the public on the power of the crowdfunding model. As a result, the founders have lectured on crowdfunding at top universities and conferences around the globe, and have even testified in U.S. Congress on the power of online fundraising.

About EFactor Group Corp.
EFactor Group Corp. is the premier business network for entrepreneurs designed to provide a variety of tools and business services to help drive business success. Through its wholly owned business services subsidiaries, EFactor Group provides its growing entrepreneurial community of over 1.9 million members with social networking and education, entrepreneur-focused business services, and financing opportunities including crowd funding. A proprietary selection and matching algorithm to offer specific content and resources tailored to each entrepreneur's unique business needs. With members in every country in all 196 countries in the world across 240 industry groups, EFactor Group has built the only comprehensive entrepreneurial community that serves as a source of inspiration and ideas on platform that also consolidates essential services to foster business growth.

EFactor Group's operations are categorized by the following Business Divisions:
1. Social Networking
2. Business Services
3. Funding options.

For more information about EFactor Group Corp. (EFCT) please visit: http://efactorgroup.com. Or see our company video here:

The EFactor.com Value - The Entrepreneurs Wingman

EFactor hosts a social network designed to support you as your business grows, along every step of your journey. We'll be there to congratulate you every time you win and will coach and inspire you whenever you feel frustrated by setbacks. You can count on us to connect you with the right people for you and your company and offer you the resources and talent that will help you succeed. We are highly motivated everyday people who genuinely care about our team and customers. We cheer each other on and have each other's back. We get to see our ideas come to life every single day. We're entrepreneurs, contributing our expertise to the community.

For more information or to become a member of EFactor, please visit: www.efactor.com

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