|By Marketwired .||
|March 19, 2014 03:19 PM EDT||
TULSA, OK -- (Marketwired) -- 03/19/14 -- Efftec International, Inc. (OTC: EFFI), a holding company focused on direct acquisition and development in growth industries, announced today that it has fully finalized the acquisition of the Marijuana Informant: Pot Snob application for iOS marketplace. Interested parties are invited to view the application in the Apple App Store or by visiting the following web link: https://itunes.apple.com/us/app/marijuana-informant/id616048305?mt=8. At this point the app has been fully transferred and integrated into the Company's respective accounts.
The acquisition of Marijuana Informant: Pot Snob represents our first strategic move into the MMJ sector, and was targeted and undertaken for two central reasons. First, as stated, we believe that as the mobile application sector continues to grow year after year, and the MMJ sectors as a whole grow, demand for informative, useful, and intuitive MMJ apps will benefit from that growth. With the continued and increasing societal acceptance of MMJ will come equal demand for service- and convenience-related products. Marijuana Informant is already generating sales and we will expand on development plans shortly.
Second, Marijuana Informant will stand as a central hub and foundation of a strategic integration plan which the Company is currently pursuing with related companies in the MMJ sector. As these negotiations are currently active on a daily basis and involve app integration, intellectual property and so forth, we will provide updates to all interested parties as soon as they become available.
Efftec International, Inc. (OTC: EFFI) is a holding company with four operating subsidiaries. Efftec's core focus is on the acquisition and development of proprietary technologies. The Company is actively expanding its footprint in the technology marketplace through acquisitions of profitable, revenue-producing companies with proven business models.
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 and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control).