EFactor Group Corp. Appoints David Jeffries to Board of Directors
Marketwired
NEW YORK, NY--(Marketwired - Sep 11, 2015) - EFactor Group Corp. (OTCQB: EFCT) ("EFactor 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 it has appointed Mr. David Hamilton Jeffries to its Board of Directors. Mr. Jeffries will also serve on the Company's audit committee along with Les Green (Chairman) and Robert Burnett.
Mr. Jeffries is a highly respected finance professional with more than 30 years of experience working for globally-recognized Wall Street and European banking firms. Mr. Jeffries began his career as an associate at Lehman Brothers Inc. and rose to be managing director and head of consumer coverage. From May 1999 to January 2001, he served as a managing director in consumer and retail coverage for J.P. Morgan (NYSE: JPM). In 2002, he joined ABN Amro Bank N.V. and served as a managing director and head of consumer, retail, and industrial coverage, as well as head of North American banking coverage. From July 2008 to July 2014, he served as a managing director and head of consumer, retail, industrial, healthcare, and chemicals coverage for the Royal Bank of Scotland Group PLC (NYSE: RBS). During the course of his career, Mr. Jeffries facilitated transactions for clients amounting to $10's of billions of dollars through debt financings, mergers, acquisitions, IPOs and secondary equity financings on both domestic and international markets.
Following his retirement from banking in 2014, Mr. Jeffries began serving charitable organizations and municipal functions, and began advising early and mid-stage private companies in technology, consumer, oil and gas and pharmaceutical sectors on investment strategies and capital raising efforts. Mr. Jeffries received his B.A. in Philosophy from Haverford College. He also and holds a Master's degree in Philosophical Theology from Yale University and a J.D. from Yale Law School.
"As we enter into this particular stage of our growth and our goals to access public market capital, David will be an extremely valuable resource," said Adriaan Reinders, CEO of EFactor Group. "The depth of David's capital markets experience will help evaluate financing options for our Company and their benefit to our shareholders. David will also be of value with approaches to best service shareholders keep them engaged during our growth stages. We look forward to having him at our Boardroom table and welcome him to the EFactor Group team."
The Company believes that the additional appointment of Mr. Jeffries as EFactor Group's sixth independent Board member and the establishment of the new committees announced on August 11, 2015 meet all of the corporate governance requirements of the NASDAQ Capital Market, on which the Company intend to list its securities in the future.
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
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
Cautionary Note on Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not statements of historical fact and often contain words such as "may," "will," "expect," "believe," "anticipate," "plan," "estimate," "seek," "could," "should," "intend," "potential," or words of similar meaning. Forward-looking statements are based on management's current expectations, beliefs, assumptions and estimates regarding our company, industry, economic conditions, government regulations, energy policies and other factors. These statements are subject to significant risks, uncertainties, and assumptions that are difficult to predict and could cause actual results to differ materially and adversely from those expressed or implied in the forward-looking statements. These risks include risk factors described from time to time in the reports and registration statements we file with the Securities and Exchange Commission, including those in our most recent Form 10-K and any updates thereto in our Forms 10-Q. There may be other risks and uncertainties that are not currently known to us or that we currently believe are not material. We make forward-looking statements based on currently available information, and we assume no obligation to, and expressly disclaim any obligation to, update or revise publicly any forward-looking statements made in this release, whether as a result of new information, future events or otherwise, except as required by law.
