EFT BioTech Holdings, Inc., (OTC: EFTB.PK) a proprietary e-commerce solutions Company providing "made in the USA" health, beauty and nutraceutical products under the EFT brand to its affiliate member network, boasting over one million registered members, is very excited to announces the retention of Ms. Angy Chin and the resignation of Ms. Sharon Tang as Chief Financial Officer. Ms. Tang a long time resident of New York has requested her release for personal reasons.
To assist with the CFO duties EFT has engaged the consulting services of Ms. Angy Chin on an interim basis's until a permanent decision is presented and approved by the Board of Directors. Ms. Chin has an extraordinary depth and breadth of corporate leadership and finance experience with large-cap, mid-cap, small-cap, publicly traded and privately held companies. During the first decade of her post-MBA career, Ms. Chin held various leadership roles with Fortune 500 companies, namely Target Corporation, Ecolab Inc., and Yum Brands Inc., in financial planning, analysis, treasury, audit, and operations finance.
More recently, Ms. Angy Chin, age 40, held C-level executive positions with privately held mid-cap and small-cap companies, namely Robeks Corporation from 2004 - 2006, Clipper Corporation 2006-2007, and The Coffee Bean & Tea Leaf 2008 and 2009. Ms. Chin has successfully structured turnarounds, acquisition integration, restructuring, and/or recapitalizations at these companies. Currently, Ms. Chin runs her own consulting and business advisory practice. Ms. Chin holds an MBA in finance and marketing from the University of Chicago where she graduated in 1995 and a BS in business administration with highest distinction and honors from the University of Kansas.
Jack Qin, President and CEO commented, "This is very positive for our Company, and a move in the direction that our Company is heading. With the consulting services of Ms. Chin we are confident the duties of CFO will be enhanced while elevating EFT to the status as a leader in the direct to affiliate market segment."
About EFT
EFT is a worldwide business to consumer e-commerce marketing Company utilizing a large individual affiliate 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. Through a joint venture, with Excalibur International Marine, the Ocean LaLa, Excalibur's Flag Ship is the first and only license holder for ferry ship transport providing service between Taiwan and Mainland China. The Company anticipates the advent of new products and services further fueling growth.
Disclaimer
This release may contain forward-looking statements. Investors are encouraged to carefully review regulatory filings prior to investment consideration. Past performance is no guarantee of future success or that there cannot be business interruption. 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 provides 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 circumstances change or information prove to be inaccurate for any reason. Additionally, the Company makes every effort to comply with all applicable law and regulatory concerns but cannot assure investors of any material changes outside of their best efforts. This release does not contain investment advice nor any recommendations to purchase or sell any securities. Consult with your investment professional before making any investments into any securities.
Contacts:
EFT BioTech Holdings, Inc.
Investor Information
Edward Carter,
626-581-3335
ecarter@eftb.net
